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Annual turnover

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  • Mandate: 33201
  • Added: 12 Jul 2019
  • 199

Prime property in East Rand , Second hand car dealership with car wash and sports bar

Gauteng, Johannesburg
199
Mandate 33201
Added 12 Jul 2019
R 3,500,000* ZAR
Stock: R 0
Assets: R 0
Jacqui Erasmus
Aldes Focus
Gauteng
Summary

Prime property in East Rand , Second hand car dealership with car wash and sports bar
SELLING PRICE
R 3,500,000* ZAR
Stock: R0
Assets: R0
Summary

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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?
None

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?
None

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?
Good

Do any require repairing?
None

How have they been valued ?
Yes, formal valuation done

Are they presently insured?
Yes

Strengths?
The business is situated on a busy corner stand Middle market vehicle sales

Weaknesses?
Lack of focus on the current businesses

Opportunities?
Diversified businesses on one premises Cash buyer market Rent out and focus on one business

Threats?
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

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FRANCHISE DETAILS

Aldes Focus

6 members
40 active mandates
Gauteng
Menlyn Woods Office Park Office Block C 291 Sprite Street Faerie Glen
0081

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