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Annual turnover

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  • Mandate: 31033
  • Added: 14 Sep 2018
  • 275

Vehicle Service Centre in Johannesburg North

Gauteng, Johannesburg
275
Mandate 31033
Added 14 Sep 2018
R 1,400,000* ZAR
Stock: R 0
Assets: R 250,000
R 53,704 ZAR
Driekie Louw
Aldes Focus
Gauteng
Summary

Fully Manager Run. Great Location. Franchise.

SELLING PRICE
R 1,400,000* ZAR
Stock: R0
Assets: R250,000
R 53,704 ZAR
Summary

Fully Manager Run. Great Location. Franchise.

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Fully describe the business's activities?
Manager run, franchised vehicle service centre situated in Northern Suburbs of Johannesburg. Business is currently run by Head Office and shows growing profits.

How long has the owner had the business?
This branch has been operated through head office for the last 5 years.

How does the business operate on a daily basis?
All daily functions are taken care of by the manager.

How are the clients attracted to the business?
A lot of repeat business is enjoyed. Clients are attracted through flyer distribution.

What Advertising/Marketing is carried out?
Excellent advertising is done by the franchisor on Social Media like Twitter and Facebook, Google Search Words, Billboards and each franchisee pays 2.5% of turnover towards this on a monthly basis.

Is the business VAT Registered?
Yes, the business is registered for VAT.

Are there up-to-date Management Accounts available?
Management Accounts available until August 2018

How could the profitability of the business be improved?
Owner involvement

What is the total staff complement?
Total staff of 6

Give a breakdown of staff/ functions/ length of service?
1x Secretary, 2 years Service 1x Manager, 1 Year Service 2x Mechanics, 1 and 4 Years Service 1x Assistant Mechanic, 5 Years Service 1x Cleaner, 2 Years Service

Do any receive special perks or incentives?
Manager a 5% profit share on the net profit.

Are they on contract?
Yes.

How involved is the Owner in running the business?
Very little involvement from owner.

When does the current lease end?
31 October 2019

Is there an option of renewal & what period?
There is an option to renew with a 3year renewal period

What is the annual escalation %?
7%

What are the trading hours?
Monday to Friday 8am - 5pm Saturdays 9am - 1pm

What is the square meters of the business?
250 m2

Is a copy of the lease available?
A copy is available from the seller

Do you require a licence?
Registered with MIBCO and RMI

What lease deposit and/or other surety is required?
Usually two or three months rental deposit.

What are the main assets of the business?
This is the basic tool list: 1 Battery Charger (15 Amps) (BA & G) 1 Battery Load Tester(G) 1 Bench Grinder (BA & G) 1 Brake Venting Tool (BA & G) 1 Compression Tester (Petrol with Fittings) (BA & G) 1 Compressor & Air Gauges (BA & G) 1 Compressor Hose (10 Meter) (BA & G) 1 Compressor Hose Connectors(BA & G) 2 Creepers - 1 per technician (BA & G) 1 Cylinder Leak Down Tester (G) 1 Diagnostic Machine (Engine Analyser) (BA & G) 1 Drilling Machine (Hand Held) (BA & G) 6 Drip / Oil Trays (Multi purpose) (BA & G) 1 Feeler Gauges (15 Piece) (BA & G) 8 Fender Covers (per set) - Permanent(BA & G) 1 Jumper Cables(BA & G) 1 Mac Pherson Spring Clamps (Spring Coil Compressor) (BA & G) 1 Oil Pressure Guage(G) 1 Pop Rivet Gun(BA & G) 1 Radiator Pressure Tester(BA & G) 1 Stethoscope(BA & G) 1 Tool Box (63-Piece ) (BA & G) 1 Torque Wrench (20nm - 300nm) (BA & G) 16 - 3 Ton - Ratchet Transmission Jack 1T (G) 1 Trolley Jack (3 Ton) (BA & G) 1 Vehicle Hoist - 2 Post(BA & G) 1 Vice (for workbench) (BA & G) 1 Workbench (BA & G)

Are they presently insured?
Comprehensive insurance is in place.

Strengths?
Part of excellent Franchise. Good location. Good database of clients with repeat business. Good systems in place. Well trained staff.

Weaknesses?
Very little owner involvement.

Opportunities?
Need a more hands on owner.

Threats?
None

What is the reason for the sale?
This franchise is owned and operated by Head Office and they now wish to have a hands on franchisee to operate it.

Why is this a good business?
Well known franchised group. Good track record. Great systems in place with good support and training from franchisor. Easy to manage.

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FRANCHISE DETAILS

Aldes Focus

3 members
21 active mandates
Gauteng
282 Fremontia Street
0081

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