*** SOLD ***
Progressive and Unique Automotive Dealership
About this business for saleProgressive and Unique Automotive Dealership
First established by the Seller in 2010, this business specialises in the facilitation of trade and private vehicle finance.
Considered a leader in the automotive dealership industry with a relatively unique industry model, the business showcases among the finest selection of pre-owned motor vehicles to would-be purchasers nationally.
With access to an inventory of vehicles worth well in excessive of R20 million, the business enjoys the unique advantage of not having to invest in stock and its positioning in the industry warrants its clients the benefit of significant savings along with all the expected services not least of which; stringent AA roadworthy testing and optional mechanical warranties.
Finance is also procured for repayment term restructuring, re-financing and for clients who have sourced their own vehicle and require financing.
The incredible success of the business model within KwaZulu-Natal heralded the start of a national rollout with expansion to Gauteng and more recently, the Western Cape, in particular, Cape Town.
Plans are afoot to commence trading in the remaining 6 provinces and the concept of franchising the brand is a real possibility with relevant development at an advanced stage.
Over and above the businesses website, the predominant marketing methods include free online marketing channels such as Gumtree, OLX, Junk Mail, WeGotAds and the like all of which are popular online portals to market vehicles.
Offices are located in Durban’s CBD on a month-to-month lease and the Seller is assisted by well trained, competent staff. With extremely low overheads and producing monthly pre-tax profits of +/- R30k, the business is listed at R450k offering a R.O.I. of 80% and/or a payback of 15-months.
All information provided is subject to verification by interested buyers and financial information will only be disclosed to serious buyers.
For more information, kindly contact the listing Broker.