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West Rand Based Panel Beater For Sale

West Rand, Gauteng
Asking Price:
R8,000,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
R36,000,000
Net Profit:
R3,500,000

The business is a large Automotive Body Repair shop and has approvals with 16 manufacturers to repair vehicles that has been damaged.
The business currently repairs in the order of 100 – 150 vehicles per month with a monthly revenue stream of ~R3,000,000.
They have achieved R4,0m per month on a number of occasions and believe the upside potential based on the site and infrastructure to be as much as R6,0m in a month.
They are preferred service providers to some of the leading local insurance companies and are on a Geo-locational rotation basis from which 80% of the workload is generated.
The balance comes knocking on the door requesting ad hoc quotations.

Property Information

Real Estate:

Lease

Lease Terms:

3 Year lease renewable soon with 7% escalation.

Leasehold Rent:

200,000 / month per annum

Location:

Ideally situated in retail / business complex on main road in busy West Rand town.

Premises Details:

The Business occupies rented premises which offers high quality, highly professional and extremely well- placed space at a very reasonable price.
The premises offer 2800m2 workshop space and 200m2 showroom/ administrative facility.
The current 3-year lease is due for renewal soon and the annual escalation is 7%.

Size in square feet:
3000m2

Business Operation

Expansion Potential:

The business can gain from settlement discounts to the tune of an additional R500,000 per annum in savings should sufficient cash flow allow timeous payment to suppliers.
Aggressive advertising- especially during low season demand.
Increased number of approvals and preferred supplier status with new insurance companies.
Improved customer satisfaction will lead to improved allocation of jobs available from Insurance companies.
Constant and ongoing optimisation of costs, productivity and profitability.

Competition / Market:

There are an estimated 400 Panel beaters in Gauteng alone.

The Seller estimate that the business is one of the leading 30 Auto Body Repair shops in Gauteng in terms of approvals, capacity and procedural efficiency.

Reasons for selling:

Emigration.

Trading hours:

Monday to Friday 07:30 to 17:00. Overtime as and when required.

Employees:
30 In total. 7 Admin and 23 Workshop
Years established:
22 Years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

R15,000 per month only for purposes of referral leads.

Other Information

Furniture / Fixtures value:
R600,000 - included in the asking price
Inventory / Stock value:
R600,000 - included in the asking price

Contact Information

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