OEM Warranty Administrator and remanufacturer of automotive components
About this business for saleOEM Warranty Administrator and remanufacturer of automotive components
Established in 1994, this company is a supplier of new, and a specialist re-manufacturer of an automotive component, which comes standard in most passenger vehicles and some commercial vehicles. They supply the component and a comprehensive range of allied spares and accessories to around 500 fitment centres, distributors, dealerships, service centers, panelbeating shops, auto electricians and repair shops for all makes of vehicles in South Africa and neighbouring countries. The components are imported or sourced from local suppliers and not manufactured locally. Only remanufacturing is done locally.
They are the warranty administrator for an OEM, managing the repair process and supplying the OEM spares for warranty process.
They are approved by most of the extended vehicle warranty companies as a supplier and workshop, as well as being a member of RMI.
They are on a major growth trajectory with franchising opportunities beckoning as well as expansion into Sub-Saharan Africa. The infusion of young, dynamic ownership, with BEE credential as a bonus, guided by the wisdom of current management will ensure the vision of the current owners comes to fruition.
Some of the current shareholders wish to reduce their workload, and they would consider a complete or structured buy-out, whilst remaining on either full-time as minority shareholders or strategic advisors if required.
Price exclude VAT if applicable and stock averaging R4,500,000.00
They own the premises they operate from, bank valued at R14.5m and this is for sale with the business at R 13.75m
Please contact the listing broker for more information.
+27 81 783 8759
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.