Ref. No - BFS934668
South Africa, GautengRef. No - BFS934668
Sector - Services
Asking Price
R9,680,000
Monthly Profit
R80,490
Asset Value
R 6,388,500
Stock Value
R 0
Yearly Net Profit
R 965,884
Summary
Profitable mechanic and auto diagnostics business
Give me more informationFully describe the business's activities?
Auto mechanic workshop diagnostics centre and general motor services
How does the business operate on a daily basis?
Motor yard + workshops and front office reception arae
What Advertising/Marketing is carried out?
None
What competition exists?
Various other workshops in greater region, yet this is the longest in business
How could the profitability of the business be improved?
Contractual work and increased advertising spend
How involved is the Owner in running the business?
The owner manages the day-to-day business
When does the current lease end?
The premises is owned and part of the transaction
What are the trading hours?
Monday to Friday 07:30 to 17:30
What are the main assets of the business?
Building, Vehicle Lifts, Rollback Truck, Tow Truck, Tools
Strengths?
Long established and profitable business
Weaknesses?
Area where workshop located a bit of poor quality feel, yet buildings are currently being revamped and new municipal offices will be built across the road
Opportunities?
Greater advertising of established and trustworthy workshop
Threats?
Covid Lockdowns
What is the reason for the sale?
Owner relocating as part of scaling back activities for retirement
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