Tyre Fitment Centre

Western Cape
Price : R 3,000,000
Listing Type : Auto Fitment Centre
Location : Western Cape
Ref No. : 2572
Year Established : 2020
No. of employees : 7
Trading Hours : 8am - 5pm
Turnover : R 326 154 pm
Cost of Sales : R 117 139 pm
Expenses : R 134 378 pm
Net Profit : R 74 637 pm
Asset Value : R 2 557 400
Stock Value : R 460 374

A very lucrative and well-established fully functional workshop and offices that specializes in the selling of various vehicle and commercial vehicle tires, wheel alignment balancing and light mechanical repairs. Supply and fitment of new Tyres, alloy wheels, stainless steel exhaust systems and more. This business also with its’ fully functional workshop, and offices with experienced staff ensures the smooth running of daily operations. This business is situated on a busy road and well positioned in this busy town.

Included are 2 x big offices, a board room, kitchen area, sales office, upstairs storeroom as well as a downstairs storeroom. There is a walk in safe, tea room, a male and female bathroom for employees as well as a male and female bathroom for clients. The going concerns total asking total asking price is R 3 000 000.00 excluding vat as the seller is vat registered. The going concern sale excludes stock which can be purchased at an additional cost at cost.

The average monthly turnover of R 326 154.00 reflecting an average monthly net profit of R 74 637.00 from the latest management accounts. The Rent is approximately R 183 516.00 per Annum, Current rental agreement is 60 months with 29 months balance of current rental agreement.