Verified Listing
Posted on August 2, 2021 / 387
Price : R3,200,000
Listing Type : Motor spares
Location : Western Cape
Ref. No : 2755
Year Established : 2019
No. of Employees : 4
Turnover : R 242 495 pm
Cost of Sales : R 85 479 pm
Expenses : R 85 475 pm
Net Profit : R 71 541 pm
Asset Value : R 173 140
Stock Value : R 1 446 709

A very well-established, lucrative Marine and Motor Spares business strategically positioned in the town with endless visibility just off the main street passing through this vibrant town. This business also has a lovely customer friendly +150m2 trading floor with a well-chosen selection of marine, automotive accessories, spares, automotive cleaning, household, service maintenance products, selected hardware supplies, key cutting, tools and general home DIY requirements on its trading floor The fully functional spares division and offices that specializes in the selling selective & various automotive, marine spares, trailer jockeys, trailer and motor vehicle accessories. We also source and supply none stock holding spares and accessories including new Tyres, alloy wheels on our customers’ demands and more.

This business also has 2 licensed complete (IQ software) POS, also 2 bank speed point machines, cameras, alarm system and armed response. The fully functional Spares division, key cutting, trading floor and offices with experienced customer friendly staff ensures the smooth running of daily operations.

Hours of Operation: Mon to Fri 08:00 – 17:30, Sat 08:00 – 15:00, Sun & Public holidays 09:00 – 13:00

This business is situated on a busy road and well positioned in this busy town. Included are 1 admin office, separate Spares division and spares storerooms, 1 unisex staff toilet area in spares section, 1 unisex staff toilet area at trading floor, a staff kitchenette. The Rent for the Two (2) shop units is R 336 000.00 per annum, Current rental agreement is 36 months with 10 months balance of current rental agreement. The asking price is R 3 200 000.00 including stock. The current stock holding value @ R 1 446 709.00 will be reduced and will include stock to the value of R 1 350 000.00. The average monthly turnover of R 242 495.99 with an average monthly profit of R 71 541.32.

* Zeenat Moosa – LP – Langebaan