Margate KZN - Established brand name, well renowned and respected specialist vehicle repair shop, engineering shop and refurbishment centre, going concern with long lease available. Sold with all furniture and fittings, tools, plant and equipment and all intellectual property. Huge load of classic VW Beetle inventory on hand, new, refurbished and used. Well established client base with frequent repeat business and continual new business enquiries. The business has been in the same town for 45 years and at the same current location for 36 years. Competent and knowledgeable staff many with 5 + years experience. Insurance total loss estimated at 16 million rand.
Current owners looking to retire, all serious offers considered.
- Asking Price:
- R8M - R15M Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- R1.5M - R3M
- Cash Flow:
- R100K - R500K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
To be renewed buy new owner - Business is currently considered to be an anchor tenant.
- Leasehold Rent:
-
R315,000 per annum
- Location:
-
Business Complex - Off Main Road
- Premises Details:
-
Industrial Complex - Shop1 & 2 are approximately 600 sqm under roof, the yard is approximately 150 sqm.
Business Operation
- Expansion Potential:
-
Global Export of finished products. Inclusion of more modern technology.
- Competition / Market:
-
Classis Car Restorers
- Reasons for selling:
-
Retirement
- Trading hours:
-
07h30 - 16h30 Monday to Friday
- Employees:
- 8
- Years established:
- 45
Other Information
- Support & training:
-
Hand over period to be discussed
- Furniture / Fixtures value:
- R1,450,000 - included in the asking price
- Inventory / Stock value:
- R1,500,000 - included in the asking price
- Relocatable:
- This business can be relocated.
