Fully describe the business's activities?
Well established 4 x 4 Off-road rental Business with a fleet of 15 Toyota bakkies ,fully equipped with camping tents and equipment, rented out mainly in Namibia and South Africa to foreign clients
How long has the business been established?
The business has been established since 2013
How long has the owner had the business?
How does the business operate on a daily basis?
Clients inquire via the business webpage and the manager check availability on Excel Spreadsheet .Clients pay with credit card and the vehicles are delivered to customers . Drivers deliver the vehicles and are paid R800 per delivery.
How are the clients attracted to the business?
Clients are mainly attracted to the business via the webpage , facebook and Travel agents
What Advertising/Marketing is carried out?
What competition exists?
There is quite a few competitors in South Africa and Namibia that's in the same line of business.
What are the seasonal trends?
The business is more busy during the European school holidays (July till November)
What percentage of the business is cash/credit?
No cash or Credit , all payments via internet banking or Credit card payments
How could the profitability of the business be improved?
The business profitability can improve by more vehicles directly available in Namibia , because all vehicles that's delivered into Namibia comes from Cape Town with a additional cost to client of R 5000 , which means that on average the daily rent for vehicles in Namibia are more or less R 300 per day more expensive than Namibian competitors .
Is Seller finance available and for what amount?
No Seller finance is available
What is the total staff complement?
The Total Staff complement is 5
Give a breakdown of staff/ functions/ length of service?
Manager Assistant manager Mechanic General repairs Ad hoc delivery wages
How involved is the Owner in running the business?
The Owner is part-time involved in the business
What are the main assets of the business?
15 Toyota bakkies fully equipped with camping tents and gear
What is their overall condition?
Do any require repairing?
No ,the assets are repaired and maintained on a regular basis
How have they been valued ?
The Assets have been valued by the owner using the Trans Union Value
The business is family owned, therefore the service provided is personal .The right equipment is provided to ensure optimum relaxation whilst on vacation. The vehicles have low mileage and belong to the company. The business do not outsource any of our rentals from other companies.
Seasonal and high maintenance cost
There's a lot of opportunities to expand the business , such as more vehicles , motor homes ,customizing tours (extra commission) and a bigger footprint in Namibia\Botswana.
The normal threads associated with this kind of business
What is the reason for the sale?
The owner has other business interest
Why is this a good business?
This is a happy medium business ,well established with enormous growth potential.
What is the price plus stock and the net profit?
The price of the business is R 4 995 000 ( Asset value) with a annual Net Profit of +- R 900 000.
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