Verified Listing
Posted on May 21, 2020 / 18
Price : R2,500,000
Listing Type : Hydraulic Repairs
Location : KwaZulu Natal
Ref. No : 2635
Year Established : 2008
No. of Employees : 10
Trading Hours : 24/7 on call
Turnover : R 662 926
Cost of Sales : R 265 239
Expenses : R 351 356
Net Profit : R 46 330 pm
Asset Value : R 1 300 000
Stock Value : R 1 416 000

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).

Douglas Pieterse – KZN North Coast