Fully describe the business's activities?
Franchised service centre workshop with main function on services and repairs. Full check is done on vehicle and quote is given. Diagnostic equipment available to detect faults quickly. Affordable prices on services. Focus mainly on customers whose vehicle maintenance plan have expired.
How long has the business been established?
How long has the owner had the business?
Owner took over the business in 2007.
How does the business operate on a daily basis?
The business has regular clients. Cars are serviced according to specified kilometers. Full check is done and client quoted for job. Spares are ordered per job. Spares are delivered daily.
How are the clients attracted to the business?
Franchisor advertises nationally. Customer Care Line where feedback can be given. Great service provided to ensure return clients and word of mouth
What competition exists?
Only one of three workshops in the area. Other two are Nissan and Toyata and customers feel they are too expensive.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
All daily sales, monthly turnovers, cost of sales, gross profit monthly are up to date. The computer system in use from the franchise keeps a good record of the figures and send to Head Office on month ends.
What percentage of the business is cash/credit?
About 20% cash and the rest EFT and Debit cards.
How could the profitability of the business be improved?
More marketing can be done.
What is the total staff complement?
Total staff is 5 including owners.
Give a breakdown of staff/ functions/ length of service?
1 x Cleaner/car washer - 9 years 1 x Non Qualified mechanic - 8 years 1 x Qualified mechanic - 3 years
Are they on contract?
All staff is on contract
Do any have management potential?
Qualified mechanic does have potential to become manager.
How involved is the Owner in running the business?
Owner and wife is involved on a daily basis.
When does the current lease end?
What are the trading hours?
Monday to Friday 7:00 - 17:00 and Saturdays 8:00 - 13:00
What is the square meters of the business?
Approximately 700 sq/m
Is a copy of the lease available?
Yes, a copy is available from owner.
What are the main assets of the business?
Full asset list available including diagnostic equipment.
What is their overall condition?
Assets are 9 years old but still in good working condition.
Are they presently insured?
Well established business that is well known in the area and part of a very strong franchise group. Excellent training and support is provided by franchisor.
Long trading hours. Owner needs to be involved.
The town is rapidly expanding with five new mines that opened.
None were identified.
What is the reason for the sale?
Owners wish to retire and relocate to Cape Town
Why is this a good business?
Good systems in place. Loyal staff. Longstanding and repeat customers. Room for growth.
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Annual Turnover Amount between R 500 thousand and R 6 million