*** SOLD ***
Motor Engineering - Central Johannesburg
About this business for saleMotor Engineering - Central Johannesburg
Located In the heart of the Johannesburg CBD, this well established and equipped Motor Engineering business was first established in 1994.
The business specializes in automotive engine rebuilding, engine reconditioning and repairs, crankshaft grinding, cylinder sleeving, line boring, precision honing, cylinder block facing, cylinder head reconditioning, conrod resizing, etc. The business is supported by a very loyal customer base.
The highly competent staff compliment comprises a trustworthy and reliable workshop foreman as well as ten other skilled employees all of whom would be willing to remain on in the business in the event of a sale.
The premises are spacious and suitable for growth and expansion into other allied automotive services including motor vehicle service and repair and the landlord would be willing to enter into a new lease with the purchaser of the business although, the business could be relocated.
The replacement value of the conventional machinery all of which is in excellent working condition is considered to be worth in excess of R700k and stock at cost is reckoned to be worth R100k.
For the accounting period April 2012 to December 2012 inclusive, monthly turnover averaged +/- R100k with commensurate average monthly pre-tax profits of +/- R25k. It is suggested that a purchaser would require R10k working capital.
The asking price of R1.0 million inclusive represents a R.O.I. of 30% or a payback of 40 months.
The Seller is willing to remain on in the business for a month to ensure a smooth transition in ownership.
Kindly contact the listing Broker for further information.