Fully describe the business's activities?
Currently the business specializes in a certain field of vehicle service, however it is selling with a turnkey solution to cater for all types of vehicle repairs and fitments. This business has built a reputable reputation in the vehicle repair trade and services the entire Namibian market.
How long has the business been established?
The current owner established the business just over three years ago.
How does the business operate on a daily basis?
The owner and his wife are fully involved in the running of this business.
How are the clients attracted to the business?
The clients are attracted to the business through word of mouth.
What Advertising/Marketing is carried out?
This business has a Facebook page with over 4000 followers.
Does the business have any contract work?
No, however car dealerships and workshops use this business for repairs on a regular basis.
What competition exists?
Currently this business specializes in its field, however if this business is used as a general vehicle repair and fitment workshop the relationship it has with its existing clients far outweigh any negative threat of competition.
What are the seasonal trends?
This business is generally busy throughout the year and peaks before the festive season.
Is the business VAT Registered?
Yes ,this business is VAT registered.
Are there up-to-date Management Accounts available?
Yes, there are up to date management accounts available,
What Balance Sheet and Income Statements are available?
The last three years of trade are available to approved buyers during the due diligence stage.
How could the profitability of the business be improved?
As this business currently specializes in a specific field, a diversity of additional services and fitments to vehicles will only double the revenue of this business.
What is the total staff complement?
There are a total of 5 employees excluding the owner and his wife.
Give a breakdown of staff/ functions/ length of service?
The breakdown of employees consist of 1 x office employee, 1 x cleaner and 3 x mechanics / fitters, with 1 to 3 years of service.
How involved is the Owner in running the business?
The owner and his wife are involved daily in the running of the business.
When does the current lease end?
The lease runs for another two years.
Is there an option of renewal & what period?
Yes, there is an option to renew every 2 years.
What are the trading hours?
The trading hours are Monday to Friday, 08h00 to 17h00.
Who is the Owner/Landlord?
This information is available to the buyer during due diligence stage.
Is a copy of the lease available?
Yes, the lease agreement is available to the buyer during due diligence stage.
What are the main assets of the business?
The main assets of the business are the 5 x vehicle lifts.
Are any items not included in the sale?
All assets mentioned on the asset list are included in the sale of the business.
What is their overall condition?
All assets are in good condition.
Exclusive service workshop offered to the Namibian and Angolan markets. Location is practical as the business is situated in a motor vehicle hub of the city.
The owner has experience and specialized knowledge which has directed the business in a more specialized field. On the other hand this can be seen as a positive point as the business is equipped to cater for a variety of services.
Diversify on services and repairs.
What is the reason for the sale?
The owner and his wife have a opportunity to invest into another business which is allocated South of Namibia.
Why is this a good business?
This business has a reputable name in the vehicle repair and maintenance industry.
What is the price plus stock and the profit?
The selling price is N$ 900,000.00 which includes a stock holding of approximately N$ 330,000.00. The business makes an average net profit before tax of N$ 940,000.00 per annum.
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