Fully describe the business's activities?
This Mechanical Workshop operates on a busy road near many Automotive related businesses. The Workshop offers all range of automotive services like Gearbox ,diff repairs,Services and General repairs
How long has the business been established?
The business was established in August 2016.
How long has the owner had the business?
The owner established the business in 2016.
How does the business operate on a daily basis?
The owner does most of the Mechanical work himself as he is a trained and experienced mechanic.
How are the clients attracted to the business?
The business does no marketing , several large companies and government department use the services of the company.
What Advertising/Marketing is carried out?
No marketing is carried out.
Does the business have any contract work?
Yes , the following Companies and Goverment Departments use the services of the business : S.A. Police Wonderboom Military Motor Rite Motorvaps Sa Warranty Top Med 5 Local Used car dealerships in the area of the business
What competition exists?
Many workshops operate in the area.
What are the seasonal trends?
January and Febuary tend to be quiter, holiday periods are more busy.
Is the business VAT Registered?
Yes the business is vat registered
What VAT documentation is on file?
Vat 201 returns are available
Are there up-to-date Management Accounts available?
Yes , details management accounts are available
What Balance Sheet and Income Statements are available?
Financial statement are available from august 016
What percentage of the business is cash/credit?
No credit is given to customers.
What is the age analysis of the debtors book?
The business has no outstanding Debtors
How could the profitability of the business be improved?
The business is currently at full capacity, the size premises will have to be increased to increase turnover.
Is Seller finance available and for what amount?
No , the seller would like the payment to be cash , as he is Emigrating.
What is the ROI?
75 % ROI
Who is the bookkeeper/Accountant?
What is the total staff complement?
3 Staff member are employed full time in the business
Give a breakdown of staff/ functions/ length of service?
2 staff members have worked at the business for 1 year. 1 Staff member has worked for a few months.
Do any receive special perks or incentives?
The staff did receive bonusses in December , but this is not compulsory
Are they on contract?
No, the employment contracts are in process of being signed.
Do any have management potential?
No management potential exists in the current staff.
How involved is the Owner in running the business?
The owner is the main Mechanic in the business.
When does the current lease end?
The lease ends in August 2018
Is there an option of renewal & what period?
Yes , the landlord will extend the lease to the new owner.
What is the annual escalation %?
The annual escalation is 7 %.
What are the trading hours?
The business trades from 7 am to 6 pm , monday to saterday
What is the square meters of the business?
Is a copy of the lease available?
Yes , a copy of the lease is available
Do you require a licence?
No operating licences are required to operate.
What lease deposit and/or other surety is required?
The current owner paid a Deposit of R15 000 -00
What are the main assets of the business?
General workshop and office equipment.
Are any items not included in the sale?
The owner will remove any items not included in the sale
What is their overall condition?
All equipment is in fair working condition.
Do any require repairing?
No repairs are needed at present.
How have they been valued ?
No value has been assigned to the assets at present.
Which assets are on lease/HP and with whom?
No outstanding HP or Lease agreements on any assets
Are they presently insured?
The business has insurance in place.
The business has grown to a highly profitable business in a short time, due to the hard word and professionalism of the owner and staff.
The premises are currently at full capacity.
Marketing could increase the turnover. Increasing the capacity of the premises will increase sales.
Currently no threats exist, as several Automotive related businesses are established in the area, these are not affecting the profitability of the business.
What is the reason for the sale?
The owner has a job offer in New Zealand.
Why is this a good business?
The business is highly profitable. The Selling price is relatively low, as the owner would like to Emigrate.
What is the price plus stock and the net profit?
The Selling price is R 1 100 000-00 excluding Vat and Stock. Stock is approximately R 30 000 -00.
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million