Long Established Panelbeating Business

A very profitable and entrenched panel beating business for sale in Somerset-West/Strand. Having been in operation for 34 years, this business is a Major Structural Repairer (MSR) approved by most insurance companies and is approved for Ford, Hyundai, Kia, Renault, Mazda, GWM & Haval.

Where: Located in Strand industrial area. Premises Rented
Annual turnover: R 8.9 mil p.a.
Net profit: R 900k p.a. after members’ remuneration
Members’ salaries: R800 000 annually
Total SDCF: R1,7 million pa.
Asset value: +/- R 2.5 mil
Stock: +/- R 250 000
Staff: 22 staff members – incl 2 directors
Owner & manager run
Selling price: R 3.8 mil (excl stock.)