Detailed financials available on request
This unique business specialises in the manufacture of suspension and wheel alignment of heavy vehicles. Trading for 22 years, the company is well established with an excellent reputation in the industry. . The offer includes 740m² in commercial property, ideally positioned leaving options for sub-letting with an abundance of parking. Located in a well-known industrial park in the Northern Suburbs, the property is valued at approximately R5.0 million and customized to perform the required services. Fixtures, fittings, furnishings, tools and equipment are valued at approximately R3.0 million Including vehicles) and these are all inclusive in the sale. The Goodwill value, contracts business profitability are estimated to be worth +/- R3.5 million. The owner spends only limited time at the business and it runs well under the current management structure. All staff are skilled and well experienced, There is certain opportunity for growth with proactive marketing since of only two of these business types exist in Cape Town. The business has suffered in 2013 as the owner took long absence for personal reasons and he acknowledges that during this period, the business was neglected however, since the Sellers return early 2014, the improved performance is showing through. *Price with building; R10 500 000 excl VAT and stock of approximately R 200,000.00 *Price without building; R6 500 000 excl VAT and stock of approximately R 200,00.00 If you are looking for an established business with no significant competition, regular clients and a well-established name, whether you want to grow or expand your existent business in the transport industry, or if you are looking for a business offering a good net profit, or you may be looking for a good opportunity to invest in commercial property, then this business is worthy of consideration. Please contact the broker for more information or to arrange for a confidential discussion.