Fully describe the business's activities?
Franchised Tyre Shop and Carwash
How long has the business been established?
The business was established in 2014.
How long has the owner had the business?
The owner has had the business for 4 years.
How are the clients attracted to the business?
Strong Brand in the Marketplace
What Advertising/Marketing is carried out?
Advertising through the Franchisor. Also situated in an excellent position which attracts traffic.
Does the business have any contract work?
What competition exists?
There is competition in the Tyre and Carwash Arena.
What are the seasonal trends?
Generally busy all year round but more so at start of holiday periods.
Is the business VAT Registered?
Yes the business is registered for VAT
What VAT documentation is on file?
Vat documentation is available for due diligence.
Are there up-to-date Management Accounts available?
Management Accounts are available for approved buyers.
What Balance Sheet and Income Statements are available?
Full AFS statements are available for approved buyers.
What percentage of the business is cash/credit?
90% of the business is Cash/Credit Card.
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
There has been and is continuing development in the area where the business is situated..
Is Seller finance available and for what amount?
No Seller finance is available.
What is the payback period?
Please discuss with Broker
What is the ROI?
Please discuss with Broker
Who is the bookkeeper/Accountant?
What is the total staff complement?
There are 10 staff involved in the Tyre Business and 20 on the Carwash Business.
Give a breakdown of staff/ functions/ length of service?
On the Tyre Business there are 3 Canter/Wheel Alignment Staff and 4 Fitters plus Owner, his Wife and 1 other. There are 20 Carwash Staff.
Do any receive special perks or incentives?
There is a Sales Incentive in place once targets are achieved.
Are they on contract?
The staff are on contract.
Do any have management potential?
How involved is the Owner in running the business?
The business is Owner run.
When does the current lease end?
The current lease ends in 2023
Is there an option of renewal & what period?
There is a renewal option of 5 years.
What is the annual escalation %?
The annual escalation is 5 years.
What are the trading hours?
Monday to Friday 8am - 5pm and Saturday 8am - 1pm
What is the square meters of the business?
To be advised
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
I months rental deposit.
What are the main assets of the business?
Machinery and equipmeet related to the businesses in question.
Are any items not included in the sale?
All items in the business are for sale.
What is their overall condition?
The condition is from excellent to new.
Do any require repairing?
None require repairing as they are newly bought.
How have they been valued ?
Which assets are on lease/HP and with whom?
All leases are paid up.
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
All assets are insured.
Ability to sell imports. Establish their own pricing individually. Position and Location. Well know Franchise. Lovely outlets for clients to visit with special attention coffee etc. Motor industry is always a growth business as more people acquire cars.
Need to continue to pick up new business as development gains hold in the area..
Huge developments taking place all around the business site. This will lead to growth of the business going forward.
What is the reason for the sale?
The Owners are relocating.
Why is this a good business?
This is a flagship store in an excellent position.
What is the price plus stock and the net profit?
See mandated details.
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