"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
This franchise services and repairs all kind of vehicles.
Currently run by Head Office with the aim of finding a hands on owner.
Newly established this business has been growing from month to month.
This branch has yearâs worth of a customer base and is doing better every month and well above the projections
How long has the business been established?
The business was franchised in June 2019 and prior to this also operated as a fitment center under a different name.
How does the business operate on a daily basis?
The business operates daily with the manager opening and closing.
Walk in trade is welcomed as well as clients phoning in to receive quotes.
How are the clients attracted to the business?
Pamphlets are dropped off at traffic lights in the near vicinity.
What Advertising/Marketing is carried out?
Franchisor markets the brand on a national level
What are the seasonal trends?
The business is in a growing phase.
Are there up-to-date Management Accounts available?
Management accounts from June 2019 is available.
How could the profitability of the business be improved?
Owner involvement.
What is the total staff complement?
12 Staff members
Give a breakdown of staff/ functions/ length of service?
1 x Manager
1 x Receptionist
1 x Qualified Mechanic
2 x Assistant Mechanics
1 x Cleaner
6 x Flyer guy
Do any receive special perks or incentives?
Salaries only
Are they on contract?
Yes
How involved is the Owner in running the business?
This is a Head Office run store.
When does the current lease end?
March 2024
Is there an option of renewal & what period?
Yes for one years upon the same terms and conditions
What is the annual escalation %?
7%
What are the trading hours?
Monday to Friday from 07:00 - 17:30
Saturday from 08:00 - 13:00
What is the square meters of the business?
290 sq/m
What lease deposit and/or other surety is required?
Three months deposit
What are the main assets of the business?
Lifts, diagnostic machine and loose tools
Strengths?
Well known and strong franchise with good support from Head Office
Well trained staff
Growing monthly
Good premises with a history of servicing vehicles
Weaknesses?
Head Office run store and needs owner involvement
Opportunities?
Owner involvement
Threats?
None
What is the reason for the sale?
The store is run by Head Office and franchisor would rather like a hands on owner to take over.
Why is this a good business?
Easy to operate with tried and tested methods in place
What is the price plus stock and the profit?
R1 450 000 including stock of about R15 000
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