Fully describe the business's activities?
The business forms part of a very successful franchise group that service all kind of automotive vehicles that are out of their motor plans.
How long has the business been established?
The business was established in December 2012.
How long has the owner had the business?
The owner took over the business in April 2018
How does the business operate on a daily basis?
There is a manager and a secretary that performs vital roles in the business. The manager opens and closes daily. Clients will call in or stop by for a quote, if accept a time is booked, service performed and paid before vehicle is taken.
How are the clients attracted to the business?
The business employs 7 flyer distributors and this has proven to bring in business.
What Advertising/Marketing is carried out?
Franchisor takes care of national marketing and a marketing fee of 2.5% is paid monthly.
What are the seasonal trends?
The business slows down in December.
Is the business VAT Registered?
Yes, the business is registered for VAT
Are there up-to-date Management Accounts available?
Management accounts from April 2018 - March 2019 is on file.
What percentage of the business is cash/credit?
Very little cash.
What is the age analysis of the debtors book?
Only two clients on a 30 day account.
Is Seller finance available and for what amount?
Owner will consider this with a 70% deposit payable.
What is the total staff complement?
5 x Permanent staff 7 x Temp Flyer distributors
Give a breakdown of staff/ functions/ length of service?
1 x Manager 1 x Secretary - 3 years 1 x Qualified Mechanic - 1 year 1 x Assistant Mechanic 1 x Cleaner
Are they on contract?
All permanent staff are on contract
How involved is the Owner in running the business?
Owner not physically involved. Act as finance manager and try to visit each branch daily.
When does the current lease end?
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
7am - 5pm Monday to Friday and 8am - 1pm on Saturday.
What is the square meters of the business?
Is a copy of the lease available?
Yes, a copy is available from the owner.
Do you require a licence?
Registered with MIBCO and RMI
What lease deposit and/or other surety is required?
One month lease deposit of R20 000
What are the main assets of the business?
2 x Lifts, diagnostic machine and loose tools
Are any items not included in the sale?
Currently the vehicle (Navara 2012model) not included. This can be negotiated.
What is their overall condition?
Everything is in a good and working condition.
How have they been valued ?
Are they presently insured?
Comprehensive insurance is in place.
Situated in an Industrial Area Lots of fleet work available Very good rental
Currently sharing a manager with another branch.
Focus on obtaining fleet work
None were identified.
What is the reason for the sale?
Owner is an entrepreneur that builds and sells businesses.
Why is this a good business?
Good systems in place. Experienced staff. Good support from franchisor. Known brand
What is the price plus stock and the profit?
R1 200 000 including about R10 000 stock.
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