Sectors / Category

Annual turnover

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  • Mandate: 31202
  • Added: 13 Jun 2017
  • 1267

Smash and Grab Franchise for Vehicles

KwaZulu-Natal, North Coast
1267
Mandate 31202
Added 13 Jun 2017
R 1,337,500* ZAR
Stock: R 0
Assets: R 118,200
R 47,874 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Franchised Smash and Grab Installer....Businessis established with well trained staff. Product and service in demand in todays climate of security. Healthy return on investment with good solid nett profits.

Smash and Grab Franchise for Vehicles
SELLING PRICE
R 1,337,500* ZAR
Stock: R0
Assets: R118,200
R 47,874 ZAR
Summary

Franchised Smash and Grab Installer....Businessis established with well trained staff. Product and service in demand in todays climate of security. Healthy return on investment with good solid nett profits.

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please supply us with your details below

Fully describe the business's activities?
Franchise which offers the following services to protect and enhance the appearance of your car: Valet/Glaze Vinyl Wraps, anti-smash and grab Interior Interior valet. Fabric protection Leather refurbishment.

How long has the business been established?
The business has been established for 6 years

How long has the owner had the business?
3 years 6 months

How does the business operate on a daily basis?
7.15am to 5.00pm 5days a week

How are the clients attracted to the business?
Advertising in local paper and magazines

What Advertising/Marketing is carried out?
The dealerships are visited daily by the owner

Does the business have any contract work?
It is build into the lease that all vehicles from the dealerships of Audi Volkswagen and Citroon go to the company for work required

What competition exists?
There is one other dealer in the area

What are the seasonal trends?
There are no seasonal trends Work is constant through out the year

Is the business VAT Registered?
The business is vat registered

What VAT documentation is on file?
Vat returns are on file

Are there up-to-date Management Accounts available?
Management accounts are available

What Balance Sheet and Income Statements are available?
December 2016 balance sheet is available

What percentage of the business is cash/credit?
20% is cash and 80%is on credit

What is the age analysis of the debtors book?
Up to 60 days

How could the profitability of the business be improved?
More advertising on the ground and calling on more dealerships

What is the total staff complement?
The business has a complement of 7 staff members including the owner

Give a breakdown of staff/ functions/ length of service?
Owner manager 2 staff valet 1 staff wash bay 1 staff glazing 2 staff tinting and wrapping

Are they on contract?
All staff are on a permanent basis

Do any have management potential?
Not at this stage

How involved is the Owner in running the business?
The owner comes in daily

When does the current lease end?
December2018

Is there an option of renewal & what period?
There is a option for renewal for 3years

What is the annual escalation %?
5%

Is a copy of the lease available?
Copy of the lease is on file

What lease deposit and/or other surety is required?
A double payment with first payment

What are the main assets of the business?
Valet and smash and grab equipment Chevy 2014 utility vehicle

Are any items not included in the sale?
All items are included in the sale

What is their overall condition?
Good

How have they been valued ?
They have been valued by a valuator

Which assets are on lease/HP and with whom?
Chev Bakkie with Nedbank on H.P Copy and printer machine on lease

Will Seller settle or Buyer to take over?
The buyer will have to take over the HP and lease

Are copies of agreements available?
Agreements are available

Are they presently insured?
They are insured with F.N.B.

Strengths?
The franchise is well known and utilizes quality products

Weaknesses?
There is another company in the area that offers the service

Opportunities?
There is a huge car market

Threats?
Other companies offer inferior products at a cheaper price

Why is this a good business?
It is a franchise with a good reputation

What is the price plus stock and the net profit?
R1,337,500 including stock The net profit is R47,900 per month.

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FRANCHISE DETAILS

Aldes Zululand

1 members
46 active mandates
KwaZulu-Natal
28 Bronze Street
3880

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