Sectors / Category

Annual turnover

|
  • Mandate: 30684
  • Added: 09 Jan 2019
  • AFS
  • 96

Well Established Auto Repairer in Pretoria

Gauteng, Pretoria
96
Mandate 30684
Added 09 Jan 2019
R 14,500,000* ZAR
Stock: R 0
Assets: R 4,350,000
R 341,013 ZAR
Johan Mouton
Aldes Jacaranda
Gauteng, Centurion
Gauteng, Centurion
Summary

Well known panel beater in Pretoria with property. Business is well established and registered with most insurance companies and vehicle manufacturer. The seller wants to invest in another industry.

SELLING PRICE AFS
R 14,500,000* ZAR
Stock: R0
Assets: R4,350,000
R 341,013 ZAR
Summary

Well known panel beater in Pretoria with property. Business is well established and registered with most insurance companies and vehicle manufacturer. The seller wants to invest in another industry.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
Panel Beater and Auto Body Shop located in the East of Pretoria. The business has agreements with most insurance companies as well as endorsements from the vehicle manufacturers. They handle insurance claims and cash customers.

How long has the business been established?
The business was established in 1996

How long has the owner had the business?
The current owner started the business in 1996

How does the business operate on a daily basis?
Clients coming in on a daily basis for quotations for repairs on their vehicles. The estimator does the quotation, the client then submit it to insurance or excepts it. The vehicle is booked in and repair. The invoice is paid by the insurance company or Client directly. Stock of paint and parts are purchased as and when needed.

How are the clients attracted to the business?
The business is well known and Insurance companies refer clients to the business.

What Advertising/Marketing is carried out?
Very little to no marketing has been done.

Does the business have any contract work?
The business has no contract work but work is referred to them through Insurance companies.

What competition exists?
There are a number of panel beaters in the area.

What are the seasonal trends?
There use to be seasonal trends with winter being a bit quite and summers busier. Lately it has not been the case.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
VAT returns are avialable.

Are there up-to-date Management Accounts available?
Yes up and till February 2018

What Balance Sheet and Income Statements are available?
Feb 2018 is available.

What percentage of the business is cash/credit?
80% of business is on Credit 20% of business is Cash.

What is the age analysis of the debtors book?
The debtors book is between 7 and 30 days.

How could the profitability of the business be improved?
Finding suppliers with low prices will decrease cost of sale and boost profits.

Is Seller finance available and for what amount?
The seller will not consider any financed transaction.

What is the total staff complement?
22 staff members are employed.

Do any receive special perks or incentives?
No just standard MIBCO regulations.

Are they on contract?
All staff are on standard MIBCO contracts.

Do any have management potential?
There is a manager in place which handles some of the aspects of the business.

How involved is the Owner in running the business?
The Owner is involved in the business on a daily basis.

When does the current lease end?
The property will form part pf the sale of the business and therefore is there no lease agreement.

What are the trading hours?
Monday - Friday 07h30 - 17h00

What is the square meters of the business?
2100sqm yard 1000sqm under roof

Do you require a licence?
No licence is required.

What are the main assets of the business?
The poperty and equipment with vehicles.

Are any items not included in the sale?
a Person vehilce of the owner, which will not be on the asset list some personal items of the seller.

What is their overall condition?
All the equipment and vehicles are in great working condition.

Do any require repairing?
No repairs are required, just regular maintenance.

How have they been valued ?
Second hand value

Which assets are on lease/HP and with whom?
There are no Assets on lease

Are they presently insured?
Yes

Strengths?
The business is well established and has a reputable record The business is registered with most Insurance Companies and Vehicle Manufacturers.

Weaknesses?
Knowledge of the industry will be an advantage.

Opportunities?
More marketing will increase turn over. To get accreditation with all the insurance companies will increase turn over.

Threats?
None

What is the reason for the sale?
The seller is looking into other industries as he has been on the Auto repair industry for the last 20 years

Why is this a good business?
The business is well established and well known with most insurance company.

What is the price plus stock and the net profit?
The price including stock and property is R14 500 000.00 with an average net profit of R306 902 per month. The value of the Business R11.500.000,00 Property value R3.500.000,00

Other listings by Johan
R 400KZAR
Franchise
Added : 13 Dec 2018 447
Yearly profit : R211,595
Gauteng
R 20.00MZAR
Added : 9 Nov 2018 439
Yearly profit : R1,472,070
Gauteng
R 3.30MZAR
Franchise
Added : 26 Sep 2018 321
Yearly profit : R1,472,277
Gauteng
FRANCHISE DETAILS

Aldes Jacaranda

2 members
18 active mandates
Gauteng , Centurion
5 Edenvilla 80 Cambridge Road Clubview Centurion 0157
Centurion
0181

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 12.50MZAR
Added : 25 Oct 2018 437
Yearly profit : R5,703,241
Gauteng
R 9.90MZAR
Franchise
Added : 18 Oct 2018 297
Yearly profit : R1,832,392
KwaZulu-Natal
R 7.45MZAR
Franchise
Added : 23 Jul 2018 554
Yearly profit : R2,150,869
KwaZulu-Natal
R 17.00MZAR
Added : 5 Jun 2018 714
Yearly profit : R2,237,372
Gauteng
R 9.35MZAR
Added : 3 May 2017 1231
Yearly profit : R0
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.83MZAR
Added : 19 Jan 2019 18
Yearly profit : R928,728
Gauteng
R 1.85MZAR
Added : 19 Jan 2019 14
Yearly profit : R1,461,470
Gauteng
R 1.00MZAR
Added : 16 Jan 2019 95
Yearly profit : R340,727
Gauteng
R 650KZAR
Added : 10 Jan 2019 129
Yearly profit : R286,467
Gauteng
R 590KZAR
Added : 9 Jan 2019 108
Yearly profit : R93,456
Gauteng
R 400KZAR
Franchise
Added : 13 Dec 2018 447
Yearly profit : R211,595
Gauteng
R 990KZAR
Added : 12 Dec 2018 526
Yearly profit : R442,259
Gauteng
R 1.46MZAR
Added : 12 Dec 2018 243
Yearly profit : R725,945
Gauteng