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Very Long Established And Profitable Wheel Service Business For Sale

Cape Town northern suburb, Western Cape, South Africa
Asking Price:
R4,550,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R3,680,000
Cash Flow:
R1,131,000

A RECESSION / COVID RESISTANT BUSINESS. IF IT MOVES IT NEEDS WHEELS (most of the time).
A long-established family business (one owner) with a national reputation of being the best in the business. High-quality specialist automotive wheel repair work with in-house adapted machinery unique in the country. Regular clients have supported the business over many years.
Diamond cutting work achieves finished not replicated elsewhere.
Alloy & steel wheel repairs, refurbishing, expoxy spraying, modifications & custom wheel manufacture.
The owner is “old school” and has an under-utilized Facebook page. Opportunities thus exist for growth through digital advertising and marketing.
This is a stable business…as long as wheels are needed there is business.

Property Information

Real Estate:

Lease

Lease Terms:

A new lease to be negotiated

Leasehold Rent:

R264,000 per annum

Location:

Cape Town northern suburb industrial area

Premises Details:

900 sq.m

Business Operation

Expansion Potential:

Owner is "old school" so growth opportunity exists with marketing and digital advertising.

Reasons for selling:

Retirement after 40 years in the business.

Trading hours:

Monday - Thursday 08h00 - 16h30
Friday 08h00 - 15h30

Employees:
Manager + 23 admin + 11 technicians
Years established:
40

Other Information

Support & training:

Owner will provide all training and support as required.

Furniture / Fixtures value:
R2,560,000 - included in the asking price
Inventory / Stock value:
R430,000 - included in the asking price
Relocatable:
This business can be relocated.

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