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Annual turnover

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  • Mandate: 33574
  • Added: 09 Oct 2019
  • AFS
  • 238

Long Established Appliance Repair Services

Gauteng, Pretoria
238
Mandate 33574
Added 09 Oct 2019
R 950,000* ZAR
Stock: R 0
Assets: R 200,000
R 49,909 ZAR
Pieter Brink
Aldes Focus
Gauteng
Summary

Appliance Repair Company in Pretoria with a large client base Cash Business Since 1985

Long Established Appliance Repair Services
SELLING PRICE AFS
R 950,000* ZAR
Stock: R0
Assets: R200,000
R 49,909 ZAR
Summary

Appliance Repair Company in Pretoria with a large client base Cash Business Since 1985

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Fully describe the business's activities?
The business fixes household appliances and has serviced a large customer base in Pretoria for more than 30 years.

How long has the business been established?
34 Years

How long has the owner had the business?
34 Years

How does the business operate on a daily basis?
The business receives appointments from a large network of clients for the servicing or repairing of appliances. The business operates from the current owner's residence with a big workshop established in his garage. Customers bring the appliances to the business, receives an invoice, and once the payment has been made the work commences.

How are the clients attracted to the business?
The business has a large marketing footprint with a website, Google AdWords and 34 years of loyal customers.

What Advertising/Marketing is carried out?
Website Google AdWords Word of Mouth

Does the business have any contract work?
The business has a section of a client base focused on annual servicing of clients that include schools, Laundromats and private individuals.

What competition exists?
As per the owner all lot of fly-by-nights have attempted operation through the years but he is one of only 3 companies in Pretoria with an established name.

What are the seasonal trends?
None really. There is a 20% drop in the winter months

Is the business VAT Registered?
No

What VAT documentation is on file?
N/A

Are there up-to-date Management Accounts available?
Upon signature of intent and during the due diligence process.

What percentage of the business is cash/credit?
The business is completely cash based.

What is the age analysis of the debtors book?
N/A

How could the profitability of the business be improved?
The business used to buy second hand appliances, service them and resell them. This provided a lucrative additional income. This can be reinstated.

Is Seller finance available and for what amount?
No

What is the total staff complement?
3 Employees

Give a breakdown of staff/ functions/ length of service?
1 Driver 1 Technician 1 Driver with additional technical experience

Do any receive special perks or incentives?
No

Are they on contract?
Yes they are

Do any have management potential?
No. The business is owner driven

How involved is the Owner in running the business?
Very involved

When does the current lease end?
The current owner operates from a section on his personal property

What are the trading hours?
08:00 - 17:00

What are the main assets of the business?
The business owns a Light Delivery Vehicle (LDV). Tools and equipment Work Benches

Are any items not included in the sale?
All are included

What is their overall condition?
They are all in a working condition

Do any require repairing?
No. The owner will send the LDV for a full service before transfer of business is concluded.

How have they been valued ?
An estimate by the owner.

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

What are their settlement amounts?
N/A

Strengths?
The business has a footprint and client base of 34 years and is a well respected business in the Pretoria community

Weaknesses?
The business requires owner driven framework

Opportunities?
The business used to buy second hand appliances, service them and resell them. This provided a lucrative additional income. This can be reinstated.

Threats?
Households cease to use household appliances

What is the reason for the sale?
The owner and his wife have worked hard their entire lives and wish to retire away from the busy life of Pretoria. The owner has used the business to buy himself several properties and is satisfied that he has done well for himself.

Why is this a good business?
The business has a big client base with little competition. It has furthermore made a name for itself for almost four decades.

What is the price plus stock and the profit?
R950,000.00, at a rate of return of 63%

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FRANCHISE DETAILS

Aldes Focus

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

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