Verified Listing
Posted on June 30, 2020 / 999
Price : R500,000
Listing Type : Automotive Technology
Location : Gauteng
Ref. No : 2642
Year Established : 2017
Trading Hours : 8am - 5pm
Turnover : R 625 358 pm
Expenses : R 117 408 pm
Net Profit : R 507 950 pm

An opportunity to invest in a telematic device start-up to be launched internationally as all countries have fuel and transport. The business has developed a device that is a fully automated fuel additive dispensing system. It efficiently manages the dosing of the fuel tank at every fill up, accurately reports on fuel usage and fuel theft. With the ever increasing fuel price, determination to decrease carbon emissions and the inherent high cost of maintenance, this device is a must-have addition and it becomes an important component assisting in asset management of the fleet owner.

This particular device accurately reports on the fuel fill up, location of the vehicle, litres dispensed into the tank, amount of additive dispensed, emission levels etc. It then sends this information via GPRS to a back end server, where it is stored for download by the client and sent on SMS. The founders of the business are offering from 10% to 35% shares in the business. An initial R500 000 investment will secure you partnership with the balance of payment within six months.

This business is projected to make an average monthly turnover of R625,000 and an average monthly Net Profit of more than R500 000 in the first 6 months of trading.

Mfundo Nhlabati – Broker Head Office