ENGINEERING AND GENERAL AUTOMOTIVE REPAIR BUSINESS FOR SALE IN RICHARDS BAY

Engineering and general automotive repair business for sale.   The business is centrally located in the heart of the Empangeni industrial area and servicing Richards bay / Empangeni and the greater Zululand area – centrally located – spares shop across the road. Prime location. 100m from empangeni Taxi rank. The business specializes in automotive engine rebuilding, engine reconditioning and repairs, crankshaft grinding, cylinder sleeving, precision honing, cylinder block facing, cylinder head reconditioning & rebuilding, conrod resizing, Aluminium welding, pressure testing, threads & helicoils & general automotive. The business is supported by a very loyal customer base.    The company is registered with the RMI & ERA and is on numerous vendor databases such as SAP & the district municipalities who have a consistent monthly spend with the company. The company is in operation for over sixteen years. The business currently has 12 skilled and competent employees that are familiar with all process and procedures required to run the business and all employees would be willing to remain on in the business in the event of a sale.  The premises are currently on a 5 year lease and the landlord would be willing to enter into a new lease with the purchaser of the business. The workshop is 380sqm and is fully fenced and secured and alarmed with 24 hour response – no break in to date. 1 x office cordoned off downstairs and a second office upstairs. The shop has plenty of parking spaces and has two toilets and the rest is workshop floor with an outside dining area. The replacement value of the conventional machinery all of which is in excellent working condition is considered to be worth in excess of R800k and stock at cost is approximately R150k.  The Company’s average monthly turnover at present is between R150k to 180k a month with huge growth potential. The company’s annual turnover is ±R1,8 million.   The asking price of the business is R800K reduced from R1.2million to expedite sale. The Seller is willing to remain on in the business to ensure a smooth transition in ownership.  For more information contact Leon on .