Sectors / Category

Annual turnover

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  • Mandate: 31493
  • Added: 01 Jul 2018
  • AFS
  • 2342

Motor Vehicle Spares, Accessories & Service Parts Business

KwaZulu-Natal, North Coast
2342
Mandate 31493
Added 01 Jul 2018
R 980,000* ZAR
Stock: R 750,000
Assets: R 115,850
R 28,115 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Well supported business situated in a very busy area supplying all motor vehicle spares to the local community. Well stocked, trained staff in place for the everyday running of the business. Business showing a steady growth and good solid nett profits. Product offering in demand and service delivery of the highest of standards.

SELLING PRICE AFS
R 980,000* ZAR
Stock: R750,000
Assets: R115,850
R 28,115 ZAR
Summary

Well supported business situated in a very busy area supplying all motor vehicle spares to the local community. Well stocked, trained staff in place for the everyday running of the business. Business showing a steady growth and good solid nett profits. Product offering in demand and service delivery of the highest of standards.

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Fully describe the business's activities?
Supplier of Motor Vehicle Spares, Accessories, Service Parts & Batteries

How long has the business been established?
2 Years, owners other transport business has been awarded contracts and he has decided to place this business on the market.

How long has the owner had the business?
2 Years, was established by the owner.

How does the business operate on a daily basis?
Business has staff and manager in place to open and close the business daily, owner over sees the finances of the business and authorizes stock orders. Point of sale system controls the stock levels.

How are the clients attracted to the business?
Business is situated in a very busy area, very well supported by the local community. Perfectly situated for this type of business.

What Advertising/Marketing is carried out?
Bill board signage, Word of mouth, Growing business, Products and services in demand.

What competition exists?
Exclusive business of this sort in lifestyle centre/mall. There is one other business likewise in the area

What are the seasonal trends?
Constant and in growing stages.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Up to date and available to any serious enquiries during due diligence stages.

Are there up-to-date Management Accounts available?
Yes, available to serious enquiries

What Balance Sheet and Income Statements are available?
Up to date

What percentage of the business is cash/credit?
80% Cash & 20% Electronic

How could the profitability of the business be improved?
Better marketing by placing a rep in the market place.

What is the total staff complement?
3 Staff...

Give a breakdown of staff/ functions/ length of service?
1 Manager, 1 Sales & 1 Assistant..

Are they on contract?
Yes

Do any have management potential?
In place..

How involved is the Owner in running the business?
30 % of the time.

When does the current lease end?
September 2019

Is there an option of renewal & what period?
Yes, a further 3 years .

What is the annual escalation %?
8 %

What are the trading hours?
Mon - Fri 8am 5pm, Sat 8am - 1pm, Sun 9am - 1pm

What is the square meters of the business?
100 sqm

Is a copy of the lease available?
Yes

What lease deposit and/or other surety is required?
1.5 Months +- R 35 000.00

What are the main assets of the business?
Point of sale system, Fittings, Shelving, Office furniture & equipment

Are any items not included in the sale?
All included as per assets register.

What is their overall condition?
Excellent, neat, well kept

How have they been valued ?
Current market related values.

Which assets are on lease/HP and with whom?
None, all paid for cash

Are they presently insured?
Yes full comprehensive insurance in place.

Strengths?
Product in demand, service delivery excellent, Well trained staff, Perfectly situated in busy area, Well stocked, Well priced, Showing good nett profits, Growing stages, Selling price +- value of the stock.

Weaknesses?
Wide range of stock items needs to be controlled

Opportunities?
Placing a rep out in the market place calling on existing clients and sourcing new clients.

Threats?
Not having a strict stock control system in place.

What is the reason for the sale?
Owner has another transport business that has been awarded long term contracts, owner cannot invest the time needed in this business and has decided to place this business onto the market.

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FRANCHISE DETAILS

Aldes Zululand

2 members
33 active mandates
KwaZulu-Natal
28 Bronze Street
3880

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