Verified Listing
Posted on November 24, 2020 / 678
Price : R11,000,000
Listing Type : Autobody Repair
Location : Johannesburg
Ref. No : 2675
Year Established : 2006
No. of Employees : 18
Turnover : R 974 844
Cost of Sales : R 427 257
Expenses : R 416 202
Net Profit : R 143 846 pm
Asset Value : R 1 333 166
Stock Value : R 152 148
Property Value : R 10 000 000

A very well-established autobody repair business based in an excellent location in an upmarket area of Johannesburg, including property. This business was founded in 2006 and specializes in small to medium repairs, scratch repairs, dent repairs and rim restoration. The business is recognized for its customer service excellence and has long standing relationships with car dealerships in the area.

The business has a well-trained and very reliable team of employees that have been with the business for many years, including a general manager, admin staff, workshop staff and assessors. The business operates from 2 premises of 1317 sqm and 1815 sqm which are adjacent to each other and both are zoned for business 3. The properties are very well maintained and recently renovated.

The first property has a large reception area, upmarket finishes and guest parking area under shade port. The reception leads to the staff entrance of retail outlets that can be rented out or could be used to setup complimentary businesses to generate additional income. There are two larges offices, storerooms as well as his and hers guest toilets. The first property leads to the second property which is used as a production facility for the business and is setup with a customized workflow to ensure effective operations.

The business is valued at R6 000 000 with an average monthly turnover of R974 845 and an average monthly net profit of R143 847 after owners drawings. The properties are valued at R4 500 000 and R5 500 000. The total asking price for both the business and properties is R 11,000,000.00 negotiable.

Mfundo Nhlabati – Broker Head Office