This Franchise motor fitment centre is in a very desirable area. The Franchise is best known for Tyres and exhausts, but they also do other vehicle repairs.
Listed price
Amount::
3,800,000
Currency::
South African Rand (ZAR)
Down Payment
Amount::
3,800,000
Currency::
South African Rand (ZAR)
Total Annual Sales
Amount::
7,700,000
Currency::
South African Rand (ZAR)
Owner Cash Flow: Business Profits including Owners Drawings
Amount::
1,900,000
Currency::
South African Rand (ZAR)
Fixtures, Furniture & Equipment::
890,000
(included in price):
Yes
Real Estate::
0
(included in price):
No
Inventory::
1,000,000
(included in price):
No
Financing / Terms:
Owner would prefer a cash sale.
Reason for sale:
The owner wants to scale down as he has other businesses.
Training & Support:
Given by Franchisor.
Business Description:
The Franchise brand is one of the best known in the tyre fitment and related industry. The concept was started by big companies to help with their distribution and sales, later they bought out their rivals and are now the biggest in the industry. This shop services a very large area close to a township and has a prime position as far as that is necessary. The new owner all have to be an old hand in vehicle repairs.
Historical Summary:
The shop opened up in 2005 with the opening of the shopping centre and has had a steady increase of business over the past years. It has helped that it is situated at the entrance to the township.
Potential for Growth:
This shop has grown steadily over the past years despite the recession. This shop can grow much more as the area expands.
Special Requirements for New Owner (if applicable):
Working capital of R100,000 required. Must be technical and mechanicaly minded. Need atleast 50% of the funds in CASH.
Competition::
Assorted.
Year Established:
2005
Year of Acquisition::
2005
Form of Ownership:
CC
Absentee Owner:
No
Franchise Information:
Contact broker.
Percent of Business Online:
0
Days & Hours of Operation:
Monday - Friday: 07:00 - 17:00. Saturday: 08:00 - 13:00. Closed on Sunday & Public Holidays.
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