Sectors / Category

Annual turnover

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  • Mandate: 33676
  • Added: 18 Nov 2019
  • AFS
  • 309

Supa Quick franchise in Johannburg South area

Gauteng, Johannesburg
309
Mandate 33676
Added 18 Nov 2019
R 1,400,000* ZAR
Stock: R 0
Assets: R 618,845
R 40,523 ZAR
Stan Moran
(PRINCIPAL)
Aldes Ace
Gauteng
Summary

Well established franchise in same location for 12 years. Team is well known for its customized exhausts and has a regular following of motoring enthusiasts. Many fleet customers give regular business.

Supa Quick franchise in Johannburg South area
SELLING PRICE AFS
R 1,400,000* ZAR
Stock: R0
Assets: R618,845
R 40,523 ZAR
Summary

Well established franchise in same location for 12 years. Team is well known for its customized exhausts and has a regular following of motoring enthusiasts. Many fleet customers give regular business.

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Fully describe the business's activities?
A franchised tyre fitment centre offering tyres, shocks, wheel balancing, exhausts, disc brakes and batteries.

How long has the business been established?
Since 2007

How long has the owner had the business?
5 years

How does the business operate on a daily basis?
Open for business from 8 am and providing services to drive in customers or by pre-order and booking.

How are the clients attracted to the business?
National franchise with branches throughout South Africa

What Advertising/Marketing is carried out?
Regular promotions by franchisor

Does the business have any contract work?
No

What competition exists?
Usual suppliers from other franchises and individual outlets

What are the seasonal trends?
Usually busier before the annual holidays

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Returns on file

Are there up-to-date Management Accounts available?
No

What Balance Sheet and Income Statements are available?
Yes to Feb 2019

What percentage of the business is cash/credit?
70% card, 30% cash

How could the profitability of the business be improved?
Opening more monthly accounts with regular customers

Is Seller finance available and for what amount?
No

What is the total staff complement?
5 staff, 2 of whom are permanent

Give a breakdown of staff/ functions/ length of service?
Alignment technician Exhaust Welder Driver 2 suspension fitters

Do any receive special perks or incentives?
No

Are they on contract?
3 are, 2 aren't

Do any have management potential?
No

How involved is the Owner in running the business?
100%

When does the current lease end?
February 2020

Is there an option of renewal & what period?
Yes - 5 years

What is the annual escalation %?
8%

What are the trading hours?
Mon to Fri 8am to 5pm Saturday 8am to 1pm

What is the square meters of the business?
+/- 300 sqm

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
2 months rent

What are the main assets of the business?
Equipment

Are any items not included in the sale?
No

What is their overall condition?
Excellent

Do any require repairing?
No

How have they been valued ?
Book value as at Feb 2019

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

What are their settlement amounts?
N/A

Will Seller settle or Buyer to take over?
N/A

Are copies of agreements available?
N/A

Are they presently insured?
Yes

Strengths?
Positive customer service. Well known for custom exhaust work, Good relationships with suppliers over last 5 years. Considerable number of fleet customers who have been regulars over the years

Weaknesses?
Limited buying power due to size of the business. Financial planning limited

Opportunities?
All required equipment on the premises, to supply all customers needs. Suppliers mostly within 10 kms radius so stock can be collected as needed. Location has been consistent for 20 years to residents are aware of the business.

Threats?
Cheap Chinese tyres cutting into the premium brand market share. Economy puts strain on all persons, including staff who expect regular increases.

What is the reason for the sale?
Other business opportunities

Why is this a good business?
Located in a good position and well known in the area. A very popular National franchise with all systems in place.

What is the price plus stock and the profit?
Price as a going concern - zero rated for VAT to a VAT registered buyer is R1,400,000. Buyer will also be liable for a franchise joining fee of R60,000. Stock is kept at a minimum and is not included.

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FRANCHISE DETAILS

Aldes Ace

1 members
5 active mandates
Gauteng
6 Nightingale Road, Atlasville
1459

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