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Franchise Resale And Fitment Centre In South Durban For Sale

South Durban, KwaZulu - Natal, South Africa
Asking Price:
R1,090,000 Furniture / Fixtures included
Sales Revenue:
R4,100,000
Cash Flow:
R561,000

Sold by aldes cliff bell sept 2019

owner operated with r561 000 of np & benefits combined off a r4m turnover, selling at r1 090 000 excl r85 000 stock.
Franchised vehicle fitment center that specializes in tyres (passenger, truck and agricultural), wheel alignment, shocks, batteries and exhausts. Stock from various suppliers, is normally ordered as required on a needs only basis, although certain fast moving goods are kept at hand. Call/drive-in's are attended to, quotes provided and service delivered by the well trained staff. Most clients pay by cr card (60%) or cash (40%) on site.
Ma's are very detailed and derived off spiral software, being in line with the franchisor financials.
This report is drawn up with jan to dec 2018 ma's. Addbacks, include extra income not related directly to the fitment centre and the owners benefits, to obtain total earnings for the owner of r561 000 for the r4m financial year under review.
No franchise re- singing fees & monthly fees are covered within expenses.
1 small vehicle (r25 000). 23 various equipment items (incl hoists, balancers, jacks, compressors), and numerous tools - all in good working condition - worth some r100 000 on a forced sale basis vs some r500 000 on a 2nd hand sale basis.
All paid up & included in the sale price

Property Information

Real Estate:

Lease

Location:

South border of Durban. Stand alone premises, with high visibility on a main road intersection & next to a main shopping centre, with highly visible branding.

Premises Details:

700m2 at R23 000pm, with an 8% escalation, which can be extended for periods of 2-3 years at a time

Business Operation

Expansion Potential:

Into other vehicle products and services

Competition / Market:

Little competition in area - closest is 7km away

Reasons for selling:

Owner returning to a previous industry

Trading hours:

Mon- Fri and
half-day Sat

Employees:
Owner (manager) plus 4 - repairs, fitting, balancing
Years established:
8yrs of which 2 with the present owner

Other Information

Support & training:

Owner will assist in all regards, as well as Franchisor assistance
BUT
1. Long established with a high visibility on a main intersection next to a large commercial centre
2. Well known franchise with national exposure & brand awareness
3. Little competition
4. Staff are well trained & competent

Financing available:

No Franchise re- singing fees & monthly fees are covered within expenses.

Furniture / Fixtures value:
R125,000 - included in the asking price
Inventory / Stock value:
R85,000

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