Fully describe the business's activities?
Motor vehicle fitment center specializing in selling new tyres. Wheel alignment and wheel balancing are major income earners. Exhaust pipe repairs and replacement are undertaken. New shock absorbers, tow bars and bull bars are fitted. Brake pad replacement is undertaken. Minor vehicle repairs are part of the business.
How long has the business been established?
The current owner started the busines about 8 years ago.
How does the business operate on a daily basis?
The business is manager run. The owner keeps in touch electronically. Sales and marketing are undertaken from the shop.
How are the clients attracted to the business?
The current owner relies on passing trade, word of mouth, and occasional press advert. A lot more can be done to promote this business. Listed in the Yellow pages.
What competition exists?
This is the only recognised tyre shop in the town.
Is the business VAT Registered?
This a vat registered business. Should the business be sold to another vat vendor the sale would be zero rated. Vat returns are available to approved buyers to verify turnover.
Are there up-to-date Management Accounts available?
Annual finanial statements and management accounts are available to approved buyers.
What is the age analysis of the debtors book?
The debtors book is about R200k at any one time.
How could the profitability of the business be improved?
A lot more marketing could be done inthis business. Improved personal service also encourages comeback customers.
What is the total staff complement?
The business employs 3 tyre fitters, a wheel alighnment technician, a sales clerk a secretary and a manager.
How involved is the Owner in running the business?
The owner manages another tyre outlet in a different town. The business is manager run, the owner keeps control electronically
When does the current lease end?
The building is owned by the seller and is also for sale. However should the purchaser of the business not be interested in buying the building a lease suitable to the needs of the purchaser can negotiated with the seller.
What are the trading hours?
The trading hours are 0730 to 1630 Monday to friday and until 1300 on Saturday.
What is the square meters of the business?
The total floor area is about 500m2.
What is their overall condition?
The equipment is all servicable and will be in working order on the day of take over.
Is a full asset list on file?
A full list of assets is on file and available for perusal by approved buyres.
The business is located in a very busy, fast growing town. Access and visibility is good and the business is well known with little opposition.
Insufficient marketing is undertaken. The business premises need an upgrade.
The town is very busy with a lot of trading going on. The right sort of marketing and promotions can significanly improve this business.
There is always the threat of opposition moving into town. However this buiness is well established and and should be able to handle opposition.
What is the reason for the sale?
The owner has been in the tyre business for many years and is planning his retirement and divesting himself of some of his businesses.
Why is this a good business?
This business is well established, it is profitable and has the potential for growth.
What is the price plus stock and the net profit?
The selling price is R1500 000 excluding stock. Stock level can be adjusted to suit the buyer. However optimal stock level would be about R400 000.
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