Sectors / Category

Annual turnover

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  • Mandate: 32517
  • Added: 18 Oct 2018
  • AFS
  • 732

Established and profitable motor dealerships

KwaZulu-Natal, South Coast
732
Mandate 32517
Added 18 Oct 2018
R 9,900,000* ZAR
Stock: R 6,300,000
Assets: R 3,854,067
R 152,699 ZAR
Gary Gower
Aldes Ambassadors
KwaZulu-Natal, Dolphin Coast
KwaZulu-Natal, Dolphin Coast
Summary

Sales of new and pre-owned motor vehicles and service & repairs to all makes of vehicles

Established and profitable motor dealerships
SELLING PRICE AFS
R 9,900,000* ZAR
Stock: R6,300,000
Assets: R3,854,067
R 152,699 ZAR
Summary

Sales of new and pre-owned motor vehicles and service & repairs to all makes of vehicles

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please supply us with your details below

Fully describe the business's activities?
This business consists of two motor dealerships 1. New car dealership with accessory fitment centre and sales, service and repairs to all makes of cars 2. Used vehicle dealership

How long has the business been established?
Established in 2008

How long has the owner had the business?
Since inception

How does the business operate on a daily basis?
Used vehicle dealership with a service and repair centre as well as new car franchise with accessory fitment centre

How are the clients attracted to the business?
Both dealerships have websites and social media is utilized

What Advertising/Marketing is carried out?
Each dealership has a website and social media. Also face to face displays

Does the business have any contract work?
No, but the fitment centre is used by some of the major dealerships in the area

What competition exists?
Several other motor dealers in the area

What are the seasonal trends?
Relatively constant throughout the year but does pick up between September and January

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All vat documents are available

Are there up-to-date Management Accounts available?
Yes, very detailed accounts are available

What Balance Sheet and Income Statements are available?
Full set of monthly reports as well as year-to-date

What percentage of the business is cash/credit?
Debtors are less than 5% of total sales

How could the profitability of the business be improved?
Sales volumes

Is Seller finance available and for what amount?
No

What is the total staff complement?
27

Give a breakdown of staff/ functions/ length of service?
Pre-Owned Sales Manager (4+ years) New Vehicle Sales Manager (3 years) After Sales & Fitment Manager (2 yrs) Service Manager (4+ yrs) Financial Manager (9+ yrs) 5 Salesmen, 2 Drivers, 1 Technician & 4 Apprentices, 4 Cleaners, 5 Administrative staff & 1 F&I

Do any receive special perks or incentives?
Normal perks, use of car, etc.

Are they on contract?
All are permanent employees

Do any have management potential?
Very competent and experienced managers are in place

How involved is the Owner in running the business?
Day-to-day running of the business is handled by the management team. Owner keeps eye on financials

When does the current lease end?
28 February 2019

Is there an option of renewal & what period?
Yes, a three year lease renewable option

What is the annual escalation %?
Annual escalation is CPI

What are the trading hours?
Mon to Fri 7.30am - 5pm and Sat 9am - 1pm

Is a copy of the lease available?
Yes

Do you require a licence?
Yes, second hand goods licence

What lease deposit and/or other surety is required?
1 month rental

What are the main assets of the business?
Full asset list available

Are any items not included in the sale?
No

What is their overall condition?
Good working order

Do any require repairing?
No

How have they been valued ?
They have not been revalued and stand at depreciated (book) value. Most are already at zero book value

Are they presently insured?
Yes

Strengths?
Well established business with a good track record and reputation Strong management team with a vested interest in the business

Weaknesses?
Demand for new vehicle sales has weakened

Opportunities?
With a larger stock holding on pre-owned, sales can be increased as the pre-owned market is still very buoyant

Threats?
Interest rates always a threat, but with the current state of the economy needing stimulation, it is unlikely to increase substantially

What is the reason for the sale?
Owner emigrating

Why is this a good business?
It is a well established and self-sustaining business that has gone from strength to strength over the last 10 years. It also has a very strong management team that have a vested interest in the business

What is the price plus stock and the net profit?
R9 900 000 including stock of approximately R6 300 000

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FRANCHISE DETAILS

Aldes Ambassadors

2 members
5 active mandates
KwaZulu-Natal , Dolphin Coast
29 Kyalami Park Cnr Douglas Crowe drive & Stewart Drive Ballito
Dolphin Coast
4051

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