Fully describe the business's activities?
Repairs and services to all makes of vehicles. The manager opens and closes the business. They have many repeat customers.
How long has the business been established?
How long has the owner had the business?
Owner started this business
How does the business operate on a daily basis?
People phone to book a service or walk into the shop for repairs & quotes on vehicles. Vehicles are either repaired or then scheduled depending on the lead time of spares required. They only have walk-in and repeat customers, no contract work.
How are the clients attracted to the business?
Word of mouth and good customer service.
What Advertising/Marketing is carried out?
Google ad words and flyers.
Does the business have any contract work?
What competition exists?
There a 4 vehicle dealers and car repair shops in the area
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Yes available to serious buyers
What Balance Sheet and Income Statements are available?
For serious buyers only
What percentage of the business is cash/credit?
10 cash / 90% credit card. No accounts
What is the age analysis of the debtors book?
No debtors book
How could the profitability of the business be improved?
Agreements with 2nd hand car dealerships and private fleet owners for repairs.
Is Seller finance available and for what amount?
What is the royalties and joining fees
No Joining fee, but R5 500 monthly royalty
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
Manager shop front manager workshop foreman 3 mechanics 1 cleaner 1 vehicle cleaner
Do any receive special perks or incentives?
Yes only the manager depending on turnover.
Are they on contract?
Yes all on employment contract
Do any have management potential?
Only the manager
How involved is the Owner in running the business?
25% on a daily basis.
What are the trading hours?
7h00 to 17h00
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
What are the main assets of the business?
Tools and one lift
Are any items not included in the sale?
What is their overall condition?
How have they been valued ?
Yes owners valuation
Are they presently insured?
Yes fully insured.
Very good return customer base. Situated in a busy area. Well known in the area
Premises is not visible from the road They do not have dealerships or other fleet owners on their books
Advertise Add 2nd hand dealers for services Add private fleet owners for service
Availability of parts
What is the reason for the sale?
Owner wants to establish additional franchised stores.
Why is this a good business?
Healthy business in a good area operating for many years. They have a good return customer base.
What is the price plus stock and the net profit?
Asking price is R2 800 000 Average Nett income is R108 000 a month
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