Sectors / Category

Annual turnover

  • Mandate: 31721
  • Added: 27 Mar 2018
  • AFS
  • 659

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?
This business was established in 2000.

How long has the owner had the business?
The owner has 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?
This business is a established and well known business, with a reputation of only selling QUALITY spares.

What Advertising/Marketing is carried out?
No advertising and marketing is carried out, the business relies on word of mouth and repeat customers.

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

What are the seasonal trends?
There seems to be an increase in sales over December, where they have an influx of Caprivians that come home from the city or nearby towns where they work. Other than that, they have a fairly constant flow of business.

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

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

What Balance Sheet and Income Statements are available?
As this business is one of 4 that the owner operates, all financials for all 4 businesses are culminated into one Annual Financial Statement. Separate figures of each businesses turnover are kept as guidelines and can be provided in Excel worksheets. Separate expense sheets are available.

What percentage of the business is cash/credit?
The ratio is 95% Cash and 5% Credit.

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

How could the profitability of the business be improved?
This business can extend its opening hours to its client. As Namibia has long distant driving between towns ,a breakdown service or mobile parts van could be an additional service option to offer its clients.

Is Seller finance available and for what amount?
No, the owner is not interested in offering seller finance to buyers.

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?
The sales employees receive a salary plus a 0.5% commission of turnover.

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 runs 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?
The owner has moved the business to her residence.

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

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

What are the main assets of the business?
The main assets of the building is office equipment.

Are any items not included in the sale?
All assets items are included in the sale of the business and are in a good overall condition.

How have they been valued ?
All assets have been valued at owners value .

Which assets are on lease/HP and with whom?
None. There is an operating system “Arch System” and this has a monthly licence fee of N$1,400 a month.

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

- Good stock holding - Experienced salesman & manager - Quality spare parts

None come to mind.

Persistent good service delivery, a possible mobile parts van to travel to nearby towns and a breakdown service

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 a stock holding of plus/minus N$1.8m is N$ 4,5m.

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Northern Namibia

Aldes Namibia

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

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