Sectors / Category

Annual turnover

  • Mandate: 31721
  • Added: 27 Mar 2018
  • AFS
  • 414

Motor Spares Business - North of Namibia

Northern Namibia, Zambezi
Mandate 31721
Added 27 Mar 2018
N$ 4,500,000* NAD
Stock: N$ 1,800,000
Assets: N$ 0
N$ 113,920 NAD
Ursula Gollwitzer
Aldes Namibia
Windhoek, Kleine Kuppe
Windhoek, Kleine Kuppe

Trading in motor spares

Motor Spares Business  - North of Namibia
N$ 4,500,000* NAD
Stock: N$1,800,000
Assets: N$0
N$ 113,920 NAD

Trading in motor spares

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Fully describe the business's activities?
This company is situated in the north of Namibia. They provide services like vehicle spares ,batteries ,lubricants and number plates .

How long has the business been established?
Approximately around the year 2000.

How long has the owner had the business?
Since 2007.

How does the business operate on a daily basis?
Mondays – Fridays 08h00 – 17h00 Saturdays 08h00 – 13h00 Sundays & Public Holidays - Closed

How are the clients attracted to the business?
Established and well known business. They only sell QUALITY spares and the customers know that they can rely on the quality sold here.

What Advertising/Marketing is carried out?
Word of mouth and repeat customers.

Does the business have any contract work?
No they do not have any contract work.

What competition exists?
Other companies that deliver the same services.

What are the seasonal trends?
December we have an influx of Caprivians that come home and this is the busiest time of the year for us. Other than that, we have a fairly constant flow of business.

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

What VAT documentation is on file?
All our VAT documents are on file.

Are there up-to-date Management Accounts available?
As this business is one of 3 that the owner operates, all financials are culminated in Annual Financial Statement of owner. Separate business figures are kept as guideline of actual business.

What Balance Sheet and Income Statements are available?
We operate on the “Arch System” and these figures of actual turnover are available. Expenses are listed separately

What percentage of the business is cash/credit?
95% Cash and 5% Credit. Business is not and has never been dependent on the Government.

What is the age analysis of the debtors book?
30 days.

How could the profitability of the business be improved?
By opening earlier and closing later (operating hours) and possibly public holidays and Sundays as our competitors operate on Sundays and public holidays.

Is Seller finance available and for what amount?
No, there are no finances available.

What is the payback period?

What is the ROI?

Who is the bookkeeper/Accountant?
The owner does the general bookkeeping.

What is the total staff complement?
Manager x 1 ; Salesman x 2 ; Cashier x 1 ; General worker x 1 ; Cleaner/Messenger x 1

Give a breakdown of staff/ functions/ length of service?
-Manager – All ordering, pricing, staff matters, in general the running of the business. -Salesman – Sales, assisting in compiling specific orders. -Cashier – Sales, POS. -General worker – Minor sales, fetching, carrying and packing of shelves. -Cleaner/ Messenger – Self descriptive

Do any receive special perks or incentives?
Salesman receive a set salary plus a 0.5% commission of turnover. This is done to motivate them to sell our products.

Are they on contract?
No, they are not on contract.

Do any have management potential?
Not according to the owners requirements.

How involved is the Owner in running the business?
The owner does the ‘back office’ which entails checking accounts payable, payments, salaries and general bookkeeping. This is a low key activity requiring minimal time.

When does the current lease end?
They have a 3 year renewable contract. Current lease renewable in 2 years.

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

What is the annual escalation %?
There is no agreement in place for escalation as our lease is based on 3% of turnover, less Shell lubes sales

What are the trading hours?
Mondays – Fridays 08h00 – 17h00 Saturdays 08h00 – 13h00 Sundays & Public Holidays - Closed

What is the square meters of the business?
As the lease is not based on square meters, this has not been established, but could be measured if required.

Who is the Owner/Landlord?

Is a copy of the lease available?
Yes, upon request.

Do you require a licence?
Standard business registration and yearly Fitness Certificate issued by local council.

What lease deposit and/or other surety is required?

What are the main assets of the business?

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

What is their overall condition?
It is in good condition.

Do any require repairing?
No repairing is required.

How have they been valued ?
It is based on replacement value.

Which assets are on lease/HP and with whom?
None. Operating system “Arch System” has a monthly licence fee of N$1,348.00

What are their settlement amounts?

Will Seller settle or Buyer to take over?

Are copies of agreements available?

Are they presently insured?
All stock and assets are currently insured.

-Good stock holding -Experienced salesman -Excellent manager

None come to mind otherwise they would have been addressed.

Persistent good service delivery Good stock holding Experienced staff

Companies that deliver the same services.

What is the reason for the sale?
The owner is retiring from all business operations

Why is this a good business?
Turnover has increased year on year even though competition has entered our market.

What is the price plus stock and the net profit?
Price including assets and stock holding of plus/minus N$1.8m = N$4.5m

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5 members
4 active mandates
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4th Floor 1@Steps C/O Grove and Chasie street
Kleine Kuppe

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