Fully describe the business's activities?
Leading motorbike retailer, service centre and stockist of accessories.
How long has the business been established?
Established in 1978 - 40 Years old
How long has the owner had the business?
How does the business operate on a daily basis?
Business has staff in place to open and to close the business, some of the staff members has been with the business many years. Owner is involved with the business, runs and manages the business on a daily basis, oversees the finances of the business.
How are the clients attracted to the business?
Business has been established for 40 years in the area servicing and supplying the community in the area representing a leading brand in the area. Wide variety of accessories and well stocked shop. Very well situated on a busy street well exposed offering a one stop solution for all your biking requirements.
What Advertising/Marketing is carried out?
Social Media, Rallies and Promotions
Does the business have any contract work?
Has good standing business relations with the following: Hullets Tongaat, SAP, Mondi, IBS, Security Fencing Alarm
What competition exists?
Yes there are 2 other dealers in the area representing other brands.
What are the seasonal trends?
WinterWinter months tends to be slower, summer and December business peaks months tends to be quiter, summer and December business peaks
Is the business VAT Registered?
What VAT documentation is on file?
Up To Date
Are there up-to-date Management Accounts available?
Yes, available during due diligence stages
What Balance Sheet and Income Statements are available?
Up to Date
What percentage of the business is cash/credit?
75% Electronic & 25 % Cash
What is the age analysis of the debtors book?
R 400 000.00 30 - 60 days
How could the profitability of the business be improved?
To add a BEE rating to the business will improve scope to do business with government entities. Opportunity for a black owner to become the first black owner of this type of business in S.A.
What is the total staff complement?
8 plus 1 owner
Give a breakdown of staff/ functions/ length of service?
1 Accountant, 2 Sales, 2 Spares & Accessories, 4 Workshop
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
80% of the time
When does the current lease end?
Premises is owned by the owner.
Is there an option of renewal & what period?
Yes, owner will issue a long term lase with an option for renewal. Property will be available for the buyer to have an option to buy.
What is the annual escalation %?
What are the trading hours?
Mondays - Fridays 8:00 - 17:00 Saturdays 8:00 - 13:00
What is the square meters of the business?
Who is the Owner/Landlord?
Is a copy of the lease available?
What lease deposit and/or other surety is required?
One months rental.
What are the main assets of the business?
Office equipment & furniture, Showroom displays & stock, Accessories displays and stock.
Are any items not included in the sale?
All included as per assets register....
What is their overall condition?
Top showroom condition.
Do any require repairing?
All well-kept and maintained
How have they been valued ?
Current market related values.
Which assets are on lease/HP and with whom?
3 Copiers & PABX System
What are their settlement amounts?
R 120 000.00
Will Seller settle or Buyer to take over?
Depending on the structure of the transaction.
Are copies of agreements available?
Are they presently insured?
Yes ful comprehensive insurance in place.
Business has been established since 1978, represents a strong leading brand, Fully stocked with wide variety of accessories, Very well situated and exposed on busy road, Supported well by the locals.
Owner runs business and has other business interest
Opportunity for first black owner to own a business of the like in S.A. adding a BEE element to the business opening doors to government work.
What is the reason for the sale?
Owner has other business interest that they would like to explore.
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