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Multiple Factory Approved Automotive Body Repairs In Ekurhuleni For Sale

Ekurhuleni, Gauteng, South Africa
Asking Price:
R6,750,000 Furniture / Fixtures included
Sales Revenue:
R25,941,046
Cash Flow:
R3,944,688

This business was established in 1990 initially with the plan to do a few rebuilds per month. Quality of work lead to public demand to move into Automotive Body repairs. Today the owner runs one of the neatest, most professional auto body repair shops it has ever been our pleasure to represent.

They designed and built their own factory which is 2000m under roof. These premises consist of 15 undercover parking bays, storage facilities (undercover/open) state of the art equipment, a 110 KVA back-up generator and 24-hour security.

They are approved by 19 Motor Manufacturers and have built up strong relationships with over 25 of the biggest moor insurance companies. In addition, they work with a vast array of insurance brokers and provide their customers with a 3-year guarantee on workmanship.

They have an independent company that maintains their customer service index of which they manage to maintain a 97% average, giving their customers complete peace of mind.

They are members of The Retail Motor Industry (RMI) and Sambra. We have a contracted Towing Service and offer 24 hours assistance.

This is a family business with several family members active in the business, all wishing to leave after a negotiated handover period, so would be suitable to someone familiar with the automotive body repair industry.

The business is for sale at R6.75m and the property for R7.35m or approved bank valuation. The owner is willing to give a prospective purchaser an extended lease on the property should they not purchase same. Price excludes VAT but the transaction can be zero-rated if (Pty) Ltd is bought or purchaser is registered for VAT.

*EBPIDTA - 3 Year Average R3,944,688.00 per annum
Payback period on Investment - 20.5 months

*Earnings before Proprietors Income, Interest, Depreciation and Tax.

Property Information

Real Estate:

Real Property Included

Location:

Prime street location in Industrial area in Ekhurhuleni.

Premises Details:

Owned premises, very secure, neat and accessible.

Business Operation

Expansion Potential:

The owner has considered opening a speed-shop and expanding into non-factory repairs.

Competition / Market:

Automotive body repair is a very competitive industry with several others operating in the area. Quality of service, customer satisfaction and relationships with insurers, brokers and factory approvals is what sets them apart.

Reasons for selling:

Owner wishes for a change in lifestyle.

Trading hours:

Mon - Thu 07h20 to 17h00
Fri - 07h20 to 16h00

Employees:
30
Years established:
28

Other Information

Support & training:

Owners will remain on for a negotiated handover period.

Financing available:

No

Furniture / Fixtures value:
R2,385,300 - included in the asking price
Inventory / Stock value:
R1,092,470
Relocatable:
This business can be relocated.

Contact Information

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