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Annual turnover

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  • Mandate: 33732
  • Added: 14 Jan 2020
  • AFS
  • 436

Motor vehicle spares and accessories franchise in Northern Cape

Northern Cape, Northern Cape
436
Mandate 33732
Added 14 Jan 2020
R 4,400,000* ZAR
Stock: R 0
Assets: R 1,476,656
R 80,546 ZAR
Pierre De Klerk
(PRINCIPAL)
Aldes Bloemfontein
Free State, Bloemfontein
Free State, Bloemfontein
Summary

Motor vehicle spares and accessories franchise in Northern Cape
SELLING PRICE AFS
R 4,400,000* ZAR
Stock: R0
Assets: R1,476,656
R 80,546 ZAR
Summary

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Fully describe the business's activities?
Sourcing and supply of a complete range of motoring spares, auto parts, accessories and lifestyle and outdoor products.

How long has the business been established?
The business has been established in 2005

How long has the owner had the business?
The owner had the business since it was established

How does the business operate on a daily basis?
The current owner runs the business hands on a daily basis

How are the clients attracted to the business?
Walk in customers, word of mouth and a good position to attract clients. The business is long established in the same area. The franchisor does nationwide advertising campaigns which they benefit from.

What Advertising/Marketing is carried out?
Franchisor marketing and advertising in the form of print and TV. Occasional flyers are distributed in the local area. Word of mouth

Does the business have any contract work?
No contract work, but the well known clients has a 30 day accounts

What competition exists?
There is another autozone centre in town

What are the seasonal trends?
There tends to be more sales during the months of June and December. It runs with the plant times

Is the business VAT Registered?
Yes the business is VAT registered

What VAT documentation is on file?
Yes available on request

Are there up-to-date Management Accounts available?
Yes up to date management statement for the last 6 months

What Balance Sheet and Income Statements are available?
Yes, available on request

What percentage of the business is cash/credit?
90% cash 10% credit

How could the profitability of the business be improved?
More marketing and advertising even though the business is growing well organically.

Is Seller finance available and for what amount?
No

What is the total staff complement?
A total of 5 permanent staff members

Give a breakdown of staff/ functions/ length of service?
1 x Manager 4 x General workers

Do any receive special perks or incentives?
No

Are they on contract?
Yes, contract base

Do any have management potential?
Yes

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

When does the current lease end?
The premises belongs to the owner

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
The amount is negotiable

What are the trading hours?
Monday to Saturday 08:00 - 17:00

What is the square meters of the business?
300 square meters

Who is the Owner/Landlord?
Extended landlord

Is a copy of the lease available?
Yes, available on request

Do you require a licence?
No

What lease deposit and/or other surety is required?
This is negotiable

What are the main assets of the business?
The stock and building are the main assets

Are any items not included in the sale?
Wood Equipment are not included

What is their overall condition?
Very good condition

Do any require repairing?
None

How have they been valued ?
Owner valuation

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

Strengths?
- Located in a lucrative agricultural area with very few smaller competitors - Very need and well managed business - Big stock range - Personal customer service - Business located on own premises - Well established business in the community

Weaknesses?
- Owner and wife is the pivot around which everything happens in the business - Skills Transfer has to be improved - Only word of mouth marketing strategy

Opportunities?
- Improve marketing - Wide trade area to develop and service - Expand business - Diversify on own premises

Threats?
- Economic Down slope - Competition expanding - Agricultural unforeseen negative circumstances

What is the reason for the sale?
Retirement

Why is this a good business?
This is a very profitable business Well established business for a long period of time The business has the potential to expand and to grow and to open up additional market for the business to grow.

What is the price plus stock and the profit?
R4 400 000.00 - Selling price R2 200 000.00 - Stock R1 200 000.00 - Building R 600 000.00 - Business R 400 000.00 - Commission

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FRANCHISE DETAILS

Aldes Bloemfontein

1 members
9 active mandates
Free State , Bloemfontein
Street
Bloemfontein
9701

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