Vehicle Service FranchiseRandburg
A lucrative vehicle service franchise located in Randburg, was established in 2021 by the current owner. It’s noted that this franchise is part of a larger brand that has been operating for 24 years, indicating a history of success and stability. The branch has received approval from the Retail Motor Industry Organization (RMI), an industry association in South Africa. Additionally, it has established relationships with most major warranty and insurance companies. This suggests that the franchise meets certain quality standards and can provide services that align with the requirements of these entities. The franchise has adopted various marketing strategies. Flyer handouts are highlighted as a method that effectively brings more clients to the business. This demonstrates a proactive approach to attracting customers and expanding the customer base.
The franchisor requires the new owner to have at least 50% of the necessary funds for purchasing the franchise available without any financial liabilities (unencumbered funds). This ensures that the new owner has a substantial financial commitment to the business. Furthermore, it’s mentioned that mechanical expertise is not necessary for the new owner to acquire this business, implying that they don’t need to be skilled in vehicle mechanics as the franchisor will assist with training.
The business is listed for sale at an asking price of R1,995,000. The franchise generates an average monthly turnover of R282,775, which is the total amount of money earned from sales before deducting any costs. The average monthly net profit is R79,460, which is the amount left after subtracting all costs and expenses from the turnover. This net profit represents the business’s actual earnings. These financial figures give potential buyers an idea of the business’s financial performance.