Sectors / Category

Annual turnover

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  • Mandate: 31458
  • Added: 05 Oct 2017
  • AFS
  • 1079

Panelbeater

Gauteng, Johannesburg
1079
Mandate 31458
Added 05 Oct 2017
R 2,750,000* ZAR
Stock: R 0
Assets: R 1,368,500
R 110,757 ZAR
Paul Fyfe
Aldes Masters
Gauteng
Summary

MSR member of the RMI, this panelbeater pride themselves on customer service satisfaction. 24 month guarantee on Worksmanship and a lifetime on our paintwork for their customers. Currently repairing 60 - 100 vehicles per monthg. If the car industry is your game this is the business for you.

Panelbeater
SELLING PRICE AFS
R 2,750,000* ZAR
Stock: R0
Assets: R1,368,500
R 110,757 ZAR
Summary

MSR member of the RMI, this panelbeater pride themselves on customer service satisfaction. 24 month guarantee on Worksmanship and a lifetime on our paintwork for their customers. Currently repairing 60 - 100 vehicles per monthg. If the car industry is your game this is the business for you.

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Fully describe the business's activities?
Panelbeating and Spraypainting

How long has the business been established?
The business was started by the owner 18 Years ago.

How long has the owner had the business?
The business was founded 18 Years

How does the business operate on a daily basis?
It is run by the owner and his son.

How are the clients attracted to the business?
Website. Insurance Referrals. Customers passing by the business premises.

What Advertising/Marketing is carried out?
Website, Yellow Pages.Flyers, Road Sign Advertising and Internet Google Adwords..

Does the business have any contract work?
Yes.

What competition exists?
All over West Rand and Johannesburg.

What are the seasonal trends?
Busier in rainy and hail season. Quieter warmer months. the business handles between 60 - 1000 vehicles per month.

Is the business VAT Registered?
Yes.

What VAT documentation is on file?
SARS.

Are there up-to-date Management Accounts available?
Yes.

What Balance Sheet and Income Statements are available?
2017 Financials are available and more for due diligence.

What percentage of the business is cash/credit?
N/A

What is the age analysis of the debtors book?
As per Accountant.

How could the profitability of the business be improved?
Less overheads. Lighter labour rates.

Is Seller finance available and for what amount?
No.

What is the total staff complement?
15

Give a breakdown of staff/ functions/ length of service?
List will be provided of staff roles for due diligence.

Do any receive special perks or incentives?
Yes.

Are they on contract?
No.

Do any have management potential?
Yes. These will be identified in discussion with potential buyers.

How involved is the Owner in running the business?
Very involved.

When does the current lease end?
No Lease, month to month.

Is there an option of renewal & what period?
Yes.

What is the annual escalation %?
10%

What are the trading hours?
07.30 till 17.00 Monday to Thursday. 07.30 till 15.30 Friday

What is the square meters of the business?
700 metre sq

What lease deposit and/or other surety is required?
Normally 1 month will suffice plus electricity deposit.

What are the main assets of the business?
Spray Booth, equipment.

Are any items not included in the sale?
No

What is their overall condition?
Good.

Do any require repairing?
No.

How have they been valued ?
According to replacement costs.

Which assets are on lease/HP and with whom?
None.

What are their settlement amounts?
N/A

Will Seller settle or Buyer to take over?
N/A

Are they presently insured?
Yes.

Strengths?
Repeat Customers, Quick Service, Speed Shop (short delays), Quotation of business. Shop does between 60 - 100 vehicles per month.

Weaknesses?
Normal Competition in the marketplace..

Opportunities?
Lower overheads in comparison to competition means taking on more quoted business.

Threats?
Economy, Weather conditions

What is the reason for the sale?
Owner retiring from the business he has been in for a long time. Son wishes to pursue other avenues.

Why is this a good business?
Due to the length we have been in business. Good customer relationships.service levels and well known to our clients.

What is the price plus stock and the net profit?
See mandated details.

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FRANCHISE DETAILS

Aldes Masters

2 members
27 active mandates
Gauteng
32 Third Rd, Bardene
1459

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