Fully describe the business's activities?
Second hand car dealership. Car wash Sportsbar
How long has the business been established?
The business was established 12 years ago
How long has the owner had the business?
The owner had the business since it was established
Fully describe this property and its income earning activities.
The cash income from the sports-bar is R10 000 and the car wash is R20 000. The car sales area can be rented for +-R15 000 per month Owner can decide to run all three businesses himself and earn a passive income or the other option, of course, is to let other businesses out to tenants
What is the approximate age of the buildings?
The age of the buildings is +- 12 years
What is the zoning of the property and what can be developed thereon?
Business 1 - including car sales mart and car wash
Are there building plans available?
Yes the building plans are available
What is the erf size and the size of the buildings?
1, 724 square meters
Is a property valuation available?
Yes a valuation is available
How does the business operate on a daily basis?
Drive - by sales Walk in clients Business premises is situated in a busy road Big signage in front of business
What Advertising/Marketing is carried out?
What competition exists?
Not much competition exists in the area
What are the seasonal trends?
Not really seasonal trends
Is the business VAT Registered?
Yes, the business is registered for VAT
What VAT documentation is on file?
No VAT claimed
What percentage of the business is cash/credit?
Dealership on the property is a separate entity and not for sale
How could the profitability of the business be improved?
Rent out the premises for passive income
What is the total staff complement?
The owner only Has 1 person on an as and when basis (contract)
How involved is the Owner in running the business?
The owner is full time involved, owner run/managed
When does the current lease end?
No lease agreement The car wash and sports-bar is leased to other persons
What is the annual escalation %?
The lease agreements are short leases with no escalation
What are the trading hours?
Mondays to Fridays 08:00 - 17:00
What is the square meters of the business?
1, 724 square meter
Who is the Owner/Landlord?
The seller is also the owner Lease contracts for the car wash and sports-bar
Do you require a licence?
Liquor license is included
What lease deposit and/or other surety is required?
What are the main assets of the business?
The property is the main asset
Are any items not included in the sale?
The vehicles are not included
What is their overall condition?
Do any require repairing?
How have they been valued ?
Yes, formal valuation done
Are they presently insured?
The business is situated on a busy corner stand Middle market vehicle sales
Lack of focus on the current businesses
Diversified businesses on one premises Cash buyer market Rent out and focus on one business
Informal housing nearby
What is the reason for the sale?
The owner has more than one dealerships and he is going to focus on the other dealerships
Why is this a good business?
Excellent premises on a very busy road. Cash income with potential to grow
What is the asking price?
Selling price R3 500 000
Annual Turnover Amount between R 500 thousand and R 6 million