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Auto Cables & Components

Johannesburg, South Africa
R15,000,000
Operating Business

This cable manufacturer manufactures a comprehensive range of mechanical cables for automotive and industrial applications, catering mainly to the South African market. This business has been in operation for many years and was bought by the current owners in 1990. Although based in Johannesburg, this business also has a distribution branch in Cape Town.

It is a well-known and highly respected business that has a good relationship with all the major Auto parts suppliers such as, Autozone, Toyota, Renault, Nissan, Isuzu, Engineparts, Gaydons, AAAS, Goldwagen, etc. The company brand is associated with superior quality products that carry a 1 year and, in some cases, a 2 year warranty. The business prides itself that the returns for faulty products are less than .05% of sales and the owners are constantly striving to improve upon this remarkable statistic.

The current owners have grown the business considerably which now has an average annual turnover of around R14 million and has just received new business from Renault, Ford as well as Nissan. This business is going places.

The business operates from the premises which is also owned by the sellers. It pays a monthly rental to the holding company and a recent evaluation on the property has been undertaken.

Location Johannesburg
Ref. No : 2627
Year Established : 1960’s
No. of Employees : 24
Turnover : R 1 166 500
Cost of Sales : R 260 800
Expenses : R 684 300
Net Profit : R 221 400 pm
Asset Value : R 5 768 500
Stock Value : R 7 845 300
Business Value : R 6 800 000
Property Value : R 8 700 000
Erf Size : 3 497 m2 of GL

Overview

Years

62

Employees

24

Erf Size (m2 of GLA)

3 497

Renwick Business Brokers
Renwick Business Brokers
0 out of 5
Total Sales: 0 Total Listing: 69