Detailed financials available on request
This franchised new car dealership is based in the Garden Route. It was established in the early 2000s and trades more than one well-known vehicle brand. The business comprises of new and used car sales divisions, as well as a service center. The dealer principal has the right to the entire Southern Cape for this strong vehicle brand and has the opportunity to develop the brand within the entire Southern Cape region. The range of vehicles covers all the LSM groups and has a loyal South Africa following. The business does not show significant seasonal trends. There are some exciting developments within this brand that will change the financial results of this business favorably. The seller would prefer to retain a minority share in the business. On offer is a 90% share in the company for R4,800,000. Over and above the purchase price, the buyer will need to provide surety for additional working capital (floor plan). Take ownership of this exciting opportunity to enter the automotive industry under this flagship franchised vehicle brand and join the seller on the journey to growing this brand in the Southern Cape. The seller will also consider an outright sale.