Ref. No - BFS11017
South Africa, Western CapeRef. No - BFS11017
Sector - Retail
Summary
This business is well known in the whole of the Western Cape, and has clients right through from the West Coast, and right around to Helderberg and Overberg
Give me more informationBackground and History
With the new car prices forever escalating and with the weakening of the SA Rand against international currencies, the second hand car market as well as owners maintaining their cars themselves, are increasing monthly
It is estimated that this curve (ie repairing of secondhand cars) will only continue to escalate in the future, especially with the SA economy in a downward trend
This business is well known in the whole of the Western Cape, and has clients right through from the West Coast, and right around to Helderberg and Overberg
The business is exceptionally well managed with very competent staff- the result of this is that the owner could start other business ventures which he would like to explore and hence the reason for selling
Products and Services
New and second hand car parts to accommodate all the customers
Assets
R2,9 million including vehicles
Employees
8 including a manager
Financials and Forecasts
Selling price R8,8 million excl stock
Annual average turnover R22 million
COS 72%
GP 28%
NP (EBITDA) R3,2 million
Reason for Sale
The owner ventured into another business and hence the reason for selling
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