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This highly successful award-winning panel beating and spray painting business was established over 24 years ago.
The business has a respected name and it has built a solid reputation with a loyal diverse customer base. It is also an appointed service provider to all the major insurance companies and receives support through development programs.
All equipment is well maintained and the business operates out of very well-located leased premises in Pinetown, “the motor city” of Durban and surrounds.
The staff are all well trained and they have been with the business for many years.
The owner is in his mid-sixties, he has some health issues and he would like to retire. This presents a unique opportunity to purchase a well-established highly profitable business.
The selling price is R2,000,000 (excluding VAT and Stock) and offers an attractive 51% Return on your Investment.
The 5-year lease agreement was amended as follows:
- Renewal Period of 2 (Two) years, as per the terms of the existing lease, 01 June 2019 to 31st May 2021
- Rental for Year 1 of the renewal period to be R 40040.00 excl. Vat (slight increase of 2,8%)
- Rental for year 2 of the renewal period to be increased by 9%
- Top-up to the rental deposit
All other terms and conditions of the existing lease to remain unchanged
There is a specific need for a marketing strategy, the business has up to now relied on reputation, referral, and walk-in business. This coupled with new ideas and increased energy levels will elevate the business to a higher level with increased turnover and profitability.
The owner oversees the operation. He is in his mid-sixties, he has some health issues and he would like to retire.
Weekdays 7:30 to 17:00
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