Fully describe the business's activities?
This business focuses on selling, service, repair and hiring of Power tools, forest equipment and garden equipment They are the only registered dealers in this area for STIHL, HUSQVARNA and HONDA. They also repair and provide parts for all types of generators and waterpumps
How long has the business been established?
How long has the owner had the business?
For the past 3 years, since 2015
How does the business operate on a daily basis?
The owner open and close the doors daily, Monday to Friday form 7.30 till 5.00.
How are the clients attracted to the business?
People are always referred to this business when looking for garden and forest equipment and also equipment to hire. They also service all equipment for the local municipality and Correctional service. Excellent service and only distributors in this area for STHIL and HUSQVARNA
What Advertising/Marketing is carried out?
No formal marketing is done, the do rely on word of mouth. Some months The "agent" will advertise in the news papers.
Does the business have any contract work?
Yes: SSK, Municipality
What competition exists?
Only 1, but do have a good working relationship. The focus is however more on repair and maintenance since the profit margin on these services are substantially higher than on sales. Even when selling new equipment their focus is on retaining the customer for future repair and maintenance
What are the seasonal trends?
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
90% cash 10% credit
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Employ extra person on the service and repair side of the business Expand the garden service side of the business
What is the total staff complement?
6 employees (including owner and his wife)
Give a breakdown of staff/ functions/ length of service?
3 workshop 1 Owner 1 Manager 1 admin
Do any receive special perks or incentives?
Are they on contract?
Yes on file
How involved is the Owner in running the business?
100% involved on a daily business. Doing calls on the municipality, and SSK AGRI. Marketing and also hands on with the maintenance and repairs of Powertools and other equipments
When does the current lease end?
Is there an option of renewal & what period?
Yes, 5 years
What is the annual escalation %?
What are the trading hours?
Monday - Friday 7.30 - 5.00
Is a copy of the lease available?
Do you require a licence?
The new owner must be approved by the dealers
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
Are they presently insured?
Yes - Santam
Is a full asset list on file?
Yes on file
Excellent location - main road into town. Registered dealer for STIHL & HUSQVARNA in this area Do have contract work. Dealer for Bearings and "seels"
Parking Workshop area can be bigger
Expand garden service
None that we know of
What is the reason for the sale?
Owner is looking at a new business adventure
Why is this a good business?
Registered agent in this area for STIHL & HUSQVARNA. Profitable business owner run. The potential for expansion do exist. The owner will be helping after takeover.
What is the price plus stock and the net profit?
Selling price: R 1 500 000 Stock: R 450 000
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