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Established in 1994, they are the only approved warranty administrator for a major motor manufacturer for cooling and heating systems.. This approval means that all warranty repairs on the components for the O.E.M is administered by them, and all parts are supplied by them to approved repairers around the country. It has also allowed them to reduce the cost of claims and the occurrence of secondary claims to the insurance and panel beating industry.
The company is a supplier of new, and a specialist re-manufacturer of automotive air conditioning systems, although re-manufacturing is now very small due to the low cost of imported products. They supply the components and a comprehensive range of allied spares and accessories to around 500 fitment centres', distributors, dealerships, service centres', panel shops, auto electricians and repair shops, for all makes of vehicles in South Africa and neighbouring countries.
They are also the East Rand Franchise for an additional major motor component manufacturer, and have just opened a Franchised Automotive repair shop to smooth revenue due to some seasonality in their other products. In addition, they have a parts centre for motorcycle parts.
They are approved by all 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 credentials 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 wishes to reduce their workload, and they would consider a complete or structured buy-out, whilst remaining on either fulltime 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 only at R 13.75m
Please contact the listing broker for more information.
Real Property Included
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