Own or invest in automotive business
MANZINI – If you are interested in investing this year, an opportunity is available to procure an active automotive business.
The automotive workshop, which is located at Matsapha Industrial Site, is up for grabs. It is in close proximity to car dealerships, supermarkets, and numerous other businesses which make it ideal for investors as walk-in clients are guaranteed on a daily basis.
The business has been operational for the past 15 years and boasts of CCTV cameras, machinery equipment and motor mechanic repair tools.
Advice
The incumbent owner of the establishment when asked what advice he would give to an aspirant owner, said he was looking for an investor who would become his partner or a person to take it over completely.
The business is also sold with its assets which are worth an excess of E250 000. On the other end, the owner said the price shall be availed to an interested buyer upon enquiry.
The incumbent owner said he was selling everything that was there for the new owner to have a smooth running of the facility.
An entrepreneur who has been running automotive workshops for over five years said an automotive workshop was the easiest business to run.
He said what was essential was to work hard on retailing high volumes on a daily basis, as the business was licensed to operate six days per week.
Advantage
The entrepreneur said the advantage of this establishment that was being sold was that it already had goodwill.
“It is advisable to have your business located in a place with high human traffic, e.g. near a bus terminus or a busy street,” he added.
Owning an automotive workshop can be a profitable endeavour, especially since it is something that cannot go ‘out of style’ and it is something needed year-round not seasonally.
For many auto shop owners, they began as mechanics and eventually decided to transition to the owner, starting their own shops.