Property Description
About this Business: The company specializes in the automotive industry with a full service brake workshop.
History: This branch is part of a franchise family that offers assistance to 30 branches countrywide and was established in 2009. To this day this group is family owned and run. The Garden Route welcomed the first branch 7 years ago. They opened the second branch in the Garden Route 4 years later due to the high demand for this service in the area. This branch is now up for grabs.
Staff: 5 skilled and loyal staff members, some with mechanical trade skill and experience.
Scalability: This business is extremely scalable with an owner taking over the daily management and marketing of this business.
Figures: Annual revenue around R1.4million, delivering earnings around R719,000(EBIT)
Franchise Cost: This is a set monthly figure of R5000 per month making it a very lucrative opportunity.
Assets: The asset inventory is valued at R1,740,000. (48% asset value!)
Reason for Selling: Due to the growth this Branch needs an active owner.
Selling Price: R3,568,000.00 ex VAT
ROI: 20%
