Franchised car service for sale in Sandton

R2,100,000total price

This thriving car service business in Sandton is now available for sale. Originally established over 13 years ago, it was acquired by the Franchisor in 2012 and transformed into Car Service City in 2014. The business operates from a prime location and comprises three entities: Car Service City Sandton, Autocare Parkmore, and Dent & Mag Surgeon. These businesses currently operate under a common holding entity.

The sale includes the entire package, encompassing CSC Sandton, Autocare Parkmore, and Dent & Mag Surgeon. The holding entity, however, is not part of this sale.

Car Service City initially managed this branch as a Head Office branch but sold it to the previous franchisee in March 2018. The current owner acquired the CSC Sandton franchise in November 2018 and has successfully operated it ever since.

The valuation of this opportunity has been meticulously calculated. The EBIDTA for 2023 stands at an impressive R952,500, after incorporating add backs for non-recurring expenses. Considering this net profit figure, multiplied by a P/E ratio of 3, the total value amounts to R2,857,501. However, we are offering a discounted price of R2.1 million.

The sale encompasses all assets, an experienced staff team, comprehensive training, and a smooth handover process. It should be noted that the Franchise Joining fee, Rental Deposit, and the ongoing Brand Refresh initiated by the Franchisor for all stores are not included in this sale.

Don’t miss out on this exceptional opportunity to own a successful franchised car service business in the heart of Sandton. Contact us today to arrange a viewing and take the first step toward becoming your own boss.