Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Business For Sale. Engine Rebuilding Business - Garden Route

LISTING DETAILS
Firms For Sale ID:
31919
Vendor reference:
12454
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$3,100,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Business with high value specialised equipment for sale.

This engine rebuilding business was established more than 80 years ago. It has been with the current owner since 2005. The business is located in the industrial area of this coastal town with easy access from main roads and ample parking. The workshop is very spacious and well organised. The building also separate offices, reception and walk in safe.

They offer an engine rebuilding service to a wide range of customers. They do work on any form of transport from passenger vehicles, to tractors and trucks and buses. The business is very well established and benefit from a long-standing loyal and return customer base.

The company has a successful track record for more than 80 years and is known for excellent customer service. They have a good reputation for quality and reliable workmanship. The fact that there is barely no staff turnaround in this business speaks for itself. The staff are well trained, reliable and qualified. Currently the owner is involved in a management position in the business and his wife handles the reception, admin and bookkeeping.

The workshop manager is responsible for all customer enquiries, workload scheduling and planning. He is fully responsible for the workshop. Technicians do go out to sites to do diagnostic tests on engines from time to time, and the workshop manager is responsible for this.

This opportunity offers the investor the chance to own a well established business offering a specialised service, while it is not a requirement for the new owner to have specific mechanical or engineering qualifications or experience.

When considering the asking price of this business, the buyer should note the asset value of the business indicated by the seller as worth more than R3,282,000 second-hand value.

There is no reason why this business can't continue as usual under new management. The business does not revolve around the seller and the staff have years of experience to continue doing what they do well under new management. It is not a requirement for the new owner to be technically qualified but it will be beneficial if he has a mechanical background.