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Annual turnover

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  • Mandate: 32110
  • Added: 28 Aug 2018
  • AFS
  • 417

Established Branded Tyre and Fitment Centre in Prime Location.

KwaZulu-Natal, Durban
417
Mandate 32110
Added 28 Aug 2018
R 1,270,000* ZAR
Stock: R 120,000
Assets: R 720,850
R 33,030 ZAR
Shamal Singh
Aldes Prestige
KwaZulu-Natal
KwaZulu-Natal
Summary

Well known franchised tyre & fitment centre in good location. Excellent potential to grow the business.

Established Branded Tyre and Fitment Centre in Prime Location.
SELLING PRICE AFS
R 1,270,000* ZAR
Stock: R120,000
Assets: R720,850
R 33,030 ZAR
Summary

Well known franchised tyre & fitment centre in good location. Excellent potential to grow the business.

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Fully describe the business's activities?
This is an established Branded tyre and fitment dealership that specializes in wheel alignments, batteries, exhausts, shocks ,tow bars , mag rims and tyre's . The dealership forms part of a multi-national network of tyre and fitment centers .

How long has the business been established?
The business was established in 2013 by the current owner .

How does the business operate on a daily basis?
Business has Forecourt and two workshops                                  Forecourt – 3 low level ramps (tyre fitment)                                  Workshop – Exhaust ramp and bay for servicing                                   Workshop – Wheel Alignment ramp and stock room The owner is actively involved and manages the day to day running of the business.

How are the clients attracted to the business?
The business is highly visible with excellent branding and signage which can be seen from a busy motorway on the one side and on the other it has good roadside visibilty next to popular shopping centre on the main street. The brand itself with its associated reputation and website attracts customers to the business .

What Advertising/Marketing is carried out?
The Franchisor carries out all National advertising and marketing initiatives .

Does the business have any contract work?
There is no contract work however the Vehicle Dealerships do purchase frequently and contracts could easily be introduced to the business.

What competition exists?
Other tyre and fitment centers in the area.

What are the seasonal trends?
The business is busy throughout the year.

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

Are there up-to-date Management Accounts available?
Yes , this will be made available to approved buyers.

What Balance Sheet and Income Statements are available?
Financials up to 2018 are available.

What percentage of the business is cash/credit?
70 % cash 30 % account on average

What is the age analysis of the debtors book?
Some corporate clients pay 30 days from statement . 98% pay within 30 days .

How could the profitability of the business be improved?
The business profitability could be improved by focusing on below the line marketing initiatives as well as Vehicle repairs and servicing as space is available .

Is Seller finance available and for what amount?
No seller finance .

What is the total staff complement?
The business has 6 employees plus the owner and her son, who is a 50% shareholder .

Do any receive special perks or incentives?
No

Are they on contract?
All staff are permanently employed .

Do any have management potential?
Yes , the counter sales /receptionist who has been involved in the business for some 4 years now . This can be discussed in further detail with the owner .

How involved is the Owner in running the business?
The owners are actively involved in the day to day running of the business .

When does the current lease end?
2 years time.

Is there an option of renewal & what period?
Yes, to be discussed with approved buyers.

What are the trading hours?
Mon - Fri 07:30am-16:30pm Sat -07:30am-12:00pm

Is a copy of the lease available?
Yes this will be made available.

Do you require a licence?
No license is required .

What lease deposit and/or other surety is required?
Two months rental deposit plus surety will be required .

What are the main assets of the business?
Machinery and equipment associated with a kitted out vehicle fitment center . A full asset list can be provided to an approved buyer.

What is their overall condition?
All assets are in good condition.

Do any require repairing?
None require repairing presently .

How have they been valued ?
Assets have been valued at second hand value.

Which assets are on lease/HP and with whom?
The wheel alignment machine is on HP. The owner will settle this prior to handover .

Are they presently insured?
Yes all assets are insured .

Strengths?
The business is a part of a reputable multinational network of tyre and fitment centers which is a "household " name with strong above the line marketing support and supply chain . Excellent site visibility and low overheads.

Opportunities?
More focused approach on below the line marketing initiatives and acquisition of contracts with various Vehicle Dealerships.

Threats?
Normal competition in and around the area of trade .

What is the reason for the sale?
Owner wishes to retire.

Why is this a good business?
A tyre and associated brand thats been synonymous especially in South Africa with good deals ,fast and efficient service with solid and consistent support through their existing dealer networks and HQ . Good growth potential . These ones are hard to come by !

What is the price plus stock and the net profit?
The Selling Price is R 1,150,000.00 plus stock and average net profit per month is R 33000.00

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FRANCHISE DETAILS

Aldes Prestige

2 members
9 active mandates
KwaZulu-Natal
32 Ilchester Avenue, Somerset Park
4016

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