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Well-Established Specialist Vehicle Repair Shop In Margate For Sale

Margate, KwaZulu - Natal, South Africa
Asking Price:
R10,000,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R1.5M - R3M
Cash Flow:
R100K - R500K

Margate KZN: All offers will be considered - Established brand name, 3 business silos at 1 location, well-renowned and respected specialist vehicle repair shop and upholsterer, motor engineering machine shop, and vehicle refurbishment centre, going concern with long lease available. Manufacture, build, repair, and sales. Sold with all furniture and fittings, jigs, tools, moulds, plants, specialist engineering equipment, and all intellectual property. Will include all current work in progress. There are thousands of classic VW Beetle parts on hand, new, used, and refurbished. Well-established, loyal client base with frequent repeat business and continual new business inquiries. 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. Current owners are looking to retire; all offers will be considered.

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:
R1,750,000 - included in the asking price
Relocatable:
This business can be relocated.