One of South Africa’s most notable passenger transport brands will go on the auction block from September 15 to 16.
The Greyhound Bus and Citiliner brands will go under the hammer of Van’s Auctioneers, with the buses, trailers, local route permits and brand assets up for auction in one of the largest online auctions of its kind in the passenger transport sector.
Van’s Auctioneers will be auctioning the buses, trailers, permits and brands of Greyhound Bus and Citiliner online.
Established in 1984, Greyhound was the first luxury coach operator in South Africa to start a scheduled service between major cities in South Africa, as well as Bulawayo, Harare and Maputo.
Citiliner is the semi-luxury division of Greyhound.
“The vast and modern vehicle stock holding of Greyhound and Citiliner offers prospective buyers the opportunity to either increase capacity in their existing passenger transportation operation, or to start an entirely new operation.
“The buses and trailers are in excellent condition and immediately operable. Besides the physical assets of the business, the auctioning of the local route permits is a key factor in successful bidders being able to commence operations immediately, and on a national basis,” says Van’s Auctioneers’ Johan van Eyk.
The Greyhound auction will consist of eight lots located in Cape Town and Johannesburg.
Bidders can also bid for the Greyhound brand and logos and operate almost immediately as an ongoing active South African entity.
The public sale of brand assets is a relatively new but growing trend in the auction space, states Van's Auctioneers.
Transparency is a key factor in going the online auction route. The online bidding platform guarantees absolute confidentiality and complies with the Protection of Personal Information Act.
Online bidding also means that, in a highly competitive industry, all role-players with Internet connectivity can participate fairly and equally and are no longer hindered by geographical limitations.
Interested bidders are encouraged to contact Van's Auctioneers to arrange a viewing of the buses and trailers before the auction.