What are the main assets of the business?
The main assets of the business are the 6 vehicles that are kitted out with extensive tooling for roadside repairs. In addition the workshop has tooling and machinery as per the asset list.
Are any items not included in the sale?
The owners vehicle, computer and personal effects are excluded from the sale.
What is their overall condition?
The overall condition of the assets is good and they are well maintained.
Do any require repairing?
Other than ongoing maintenance, none require repairs.
How have they been valued ?
The assets have been valued at market value.
Which assets are on lease/HP and with whom?
3 Vehicles are under HP agreements.
What are their settlement amounts?
Bakkie - R180,000
Quantums - R157,330 and R17,000
Will Seller settle or Buyer to take over?
The purchase of the vehicles is part of the normal operating cost of the business and the buyer will take over these agreements.
Are copies of agreements available?
Are they presently insured?