FOR SALE OUT OF DECEASED ESTATE:
A unique opportunity to secure a prime property investment in a high-traffic, vibrant retail/light industrial precinct (adjacent to large national retailers) in Retreat, Southern Suburbs of Cape Town, including a well-run and long-established motor spares business of 26 years, which is very well known in the area with an excellent customer service record (great Google reviews; contact us for the link).
Ready parts availability is a particular attribute of this well-respected business in the industry.
** NB! The business is available separately at an asking price of R1,950,000, subject to the estate securing a suitable investor for the building (please see details with a separate breakdown of each entity below):
CAR PARTS BUSINESS:
The business was run by the late owner for approximately 25 years and by the Estate and family for the last 2.5 years. The Estate has expanded the existing Omni accounting system to include live stock control and point-of-sale terminals as well as receipt printing.
The business has no online presence at present but has potential for more exposure in this regard (distribution Nationwide via counter to counter and locker-based courier services which cover country towns and rural areas). Click and collect for local sales.
Turnover P/A = R5,100,000
Nett profit P/A = R224,494
(additional owner profit of R240,000 P/A in addition to nett profit with some assistance from the owner)
Extremely strong long-standing relationship with suppliers (some direct from manufacturers and importers/distributors) and local auto workshops.
PROPERTY DETAILS:
Sectional title retail/industrial space of 205m² ground plus approx 90m² steel/boarded mezzanine, consisting of storage/air-conditioned offices.
Held in CC in which Member's Interest is still available or transfer out of CC.
Extremely low levies and rates
Nett return = R252,924 P/A
Asking price = R2,950,000 (excl VAT)
All figures exclude VAT where applicable.
VIEWINGS BY APPOINTMENT ONLY WITH EXCLUSIVE BROKER
