Fully describe the business's activities?
This business spesialize in the replacement,repair and service of all motor car models CV,s. They are very well known in the Pretoria area and is 26 years in the business. They have a huge client base .
How long has the business been established?
The business was established in 1992.
How long has the owner had the business?
The current seller established the business in 1992
How does the business operate on a daily basis?
Services,repairs and fittment of there products are done on a daily bases. Local Motor workshop buys and send CV for repair . New and secondhand products are sold daily
How are the clients attracted to the business?
This business is well establish and suported by current client base Word of mouth and their exceptunal service atttract clients to the business.
What Advertising/Marketing is carried out?
Mostly Yellow pages.
Does the business have any contract work?
What competition exists?
Some in the area but none that spesialize in repair,fitment and sell of CV
What are the seasonal trends?
Hollidays show a trend of increase of sales
Is the business VAT Registered?
What VAT documentation is on file?
Will supplied on request
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
about 60/40 % cash card sales
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
A better local store marketing plan
Is Seller finance available and for what amount?
What is the payback period?
What is the total staff complement?
4 staff members
Give a breakdown of staff/ functions/ length of service?
4 CV fitters
Do any receive special perks or incentives?
No. They are well paid
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
Daily on site with al aspects of the business
When does the current lease end?
The current lease ends 2020
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
Monday to Thursday from 8h00 to 16h30 Fryday from 8h00 to 15h00 Saterday from 8H00 to 12h00
What is the square meters of the business?
Who is the Owner/Landlord?
Is a copy of the lease available?
Yes on request
Do you require a licence?
What lease deposit and/or other surety is required?
1 month in advance
What are the main assets of the business?
Are any items not included in the sale?
No sold as lock stock and barrel
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
This business is well established Have a good well established client base Well known brand name Good rental contract. and is easy to reach
Local stor marketing plan is needed to increace untapped clients.
New type on industry related products could in crease and make a stronger market sigment.
None we can preceive
What is the reason for the sale?
Owners are on retirement age
Why is this a good business?
Good establihed,profitablie business with a strong brand name.
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