This is a KZN inland franchise outlet of a global mobile hydraulic repair service provider operating since 2017. The business repairs all aspects of hydraulics for forklifts, factory machinery, cranes, side tippers, etc., at the customer’s site on a 24/7 basis or its workshop if needed. vans carry their own cut off saw and crimper plus stock required.
Full training is available from the franchisor. Sales have grown 59% year on year, having cemented themselves with many of the blue-chip companies as their preferred supplier. Very good growth opportunities in the auto carrier and logistics sectors. Reason for selling: owner’s retirement. Latest annual financials (Feb 2020) – Turnover: R7.9m, GP: R 4.7m, Net income: R 975K. Fixed assets: R1.3m. Asking price: 2.5m plus stock (about R 1m).