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  • Mandate: 32158
  • Added: 05 Jun 2018
  • AFS
  • 444

A well known second hand dealer in truck spares and trucks

Gauteng, Roodeport Area
444
Mandate 32158
Added 05 Jun 2018
R 17,000,000* ZAR
Stock: R 5,400,000
Assets: R 8,500,000
R 186,448 ZAR
Johan Mouton
Aldes Jacaranda
Gauteng, Centurion
Gauteng, Centurion
Summary

This business sells truck spares and trucks.

A well known second hand dealer in truck spares and trucks
SELLING PRICE AFS
R 17,000,000* ZAR
Stock: R5,400,000
Assets: R8,500,000
R 186,448 ZAR
Summary

This business sells truck spares and trucks.

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Fully describe the business's activities?
This business sells used trucks, heavy equipment, trailers,containers and everything relating to the trucking industry. They have a large client base which was built over 25 years. They are well known in the industry and also have a client outside of SA This business trades from two properties (included in the selling price)

How long has the business been established?
This business was established in 1997

How long has the owner had the business?
They started the business in 1997

How does the business operate on a daily basis?
Buying and selling of used truck and spares

How are the clients attracted to the business?
A well established client base, word of mouth and a good service record

What Advertising/Marketing is carried out?
They have a web site, but they are one of the oldest and most well-known scrap yards and truck sales yards, with a loyal client base built over the past 25 years.

Does the business have any contract work?
No

What competition exists?
Some but they work well together.

What are the seasonal trends?
None of what we can see.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Yes and will be available for serious buyers

Are there up-to-date Management Accounts available?
We have financials ending Feb 2018

What Balance Sheet and Income Statements are available?
Ending Feb 2018

What percentage of the business is cash/credit?
Eft and cash 70/30%

What is the age analysis of the debtors book?
30 days

How could the profitability of the business be improved?
Turn over can be increased with increasing stock purchase and auctions of older stock a few times per year.

Is Seller finance available and for what amount?
No

What is the total staff complement?
12 Staff members

Give a breakdown of staff/ functions/ length of service?
Most of them have been with the company for more than 10 years. They have an accountant, Licencing Clerk, Spares manager, Yard manager x 2, Sales person x 2 and Spare Strippers x5

Do any receive special perks or incentives?
Only sales staff - they are being paid commission - 10% of sales

Are they on contract?
Yes

Do any have management potential?
Yes, the accountant

How involved is the Owner in running the business?
Involved on a daily basis

When does the current lease end?
Owner owns the building

What are the trading hours?
Monday from 7:30 to 17h00, saterday from 8h00 to 12h00

What is the square meters of the business?
3.5 Ha

Who is the Owner/Landlord?
This business trades from two properties in the same area and is also in the mmarket. Both Properties generates a Income of R300 000 per year.

Do you require a licence?
No

What are the main assets of the business?
Used trucks spares, containers and related assets.

Are any items not included in the sale?
Sold as lock stock and barrel

What is their overall condition?
Good

Do any require repairing?
None

How have they been valued ?
Owners Value

Are they presently insured?
Yes

Strengths?
A well established business,with a loyal and large client base built over a 25 year period that shows a good profit and a good asset base in a strong market segment.

Weaknesses?
None we can see but economic factors.

Opportunities?
The increase of stock holding , more sales staff and a better sales marketing plan will increase turnover and profit

Threats?
None we can perceive.

What is the reason for the sale?
The owner wants to retire

Why is this a good business?
This business shows a constant increase in sales year on year. A good provider of income for an investor. Trading properties is also up for sale.

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FRANCHISE DETAILS

Aldes Jacaranda

2 members
29 active mandates
Gauteng , Centurion
5 Edenvilla 80 Cambridge Road Clubview Centurion 0157
Centurion
0181

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