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Annual turnover

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  • Mandate: 32944
  • Added: 02 Oct 2019
  • AFS
  • 244

Profitable motor workshop in N/S

Gauteng, Johannesburg
244
Mandate 32944
Added 02 Oct 2019
R 1,650,000* ZAR
Stock: R 0
Assets: R 126,892
R 117,709 ZAR
Steve Boardman
(PRINCIPAL)
Aldes Central
Gauteng
Summary

Long established, profitable and well equipped motor vehicle workshop near Randburg in N/S

Profitable motor workshop in N/S
SELLING PRICE AFS
R 1,650,000* ZAR
Stock: R0
Assets: R126,892
R 117,709 ZAR
Summary

Long established, profitable and well equipped motor vehicle workshop near Randburg in N/S

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
This is a full service motor workshop, offering all the normal maintenance and repairs to all makes of cars

How long has the business been established?
Since 2009

How long has the owner had the business?
Since inception

How does the business operate on a daily basis?
The owners open and close the business daily between them

How are the clients attracted to the business?
Locally they are well known, clients often drop off their cars in the morning and Uber to work and pick up their cars after work

What Advertising/Marketing is carried out?
They have a website and facebook and utilise google ad words to attract new customers

Does the business have any contract work?
No, but they have regular fleet work and repeat clients

What competition exists?
There are other workshops in Randburg, but not many close to them

What are the seasonal trends?
Busiest November, early December and Easter period

Is the business VAT Registered?
Yes

What VAT documentation is on file?
This will be made available during a due diligence

Are there up-to-date Management Accounts available?
Yes, to February 2019

What Balance Sheet and Income Statements are available?
To February 2018

What percentage of the business is cash/credit?
Mostly card or EFT

What is the age analysis of the debtors book?
Nil

How could the profitability of the business be improved?
More advertising, follow ups to remind clients that they have not serviced for a while and more cross selling when a car is being serviced

Is Seller finance available and for what amount?
Possibly after at least two thirds initial payment

What is the total staff complement?
There are 3 mechanics and a casual cleaner. Three members of the family are involved part time, a new owner would only need an owner operator and perhaps an admin person for which a salary of R10 000pm has been added into expenses

Give a breakdown of staff/ functions/ length of service?
3 full time mechanics

Do any receive special perks or incentives?
Discretionary December bonus

Are they on contract?
No

Do any have management potential?
No

How involved is the Owner in running the business?
One of the family is always at the business

When does the current lease end?
2021

Is there an option of renewal & what period?
Yes 3 years

What is the annual escalation %?
5-10%

What are the trading hours?
06h30 to 17h00 Monday to Friday

What is the square meters of the business?
150 square metres plus large yard

Do you require a licence?
They are members of the RMI and Micfa Bargaining Council

What lease deposit and/or other surety is required?
To Be confirmed

What are the main assets of the business?
Normal workshop assets

Are any items not included in the sale?
No

What is their overall condition?
Good working order

Do any require repairing?
Normal maintenance

How have they been valued ?
From 2018 Balance sheet

Which assets are on lease/HP and with whom?
None

What are their settlement amounts?
N/A

Will Seller settle or Buyer to take over?
N/A

Are copies of agreements available?
N/A

Are they presently insured?
Yes

Strengths?
This is a well established business in an affluent suburb, with an excellent reputation for quality at a reasonable price

Weaknesses?
None

Opportunities?
Business can be improved with more advertising, follow ups to remind clients that they have not serviced for a while and more cross selling when a car is being serviced

Threats?
None

What is the reason for the sale?
The family are emigrating to New Zealand

Why is this a good business?
Excellent well established profitable business

What is the price plus stock and the profit?
Selling at R1.9 million netting over R117k per month on the basis of EBITDA and owners drawings, possible terms available to suitable buyer

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FRANCHISE DETAILS

Aldes Central

1 members
11 active mandates
Gauteng
Nillsord Avenue
2026

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