Fully describe the business's activities?
This business started in 2003 so is long established and well known in the field of vehicle rebuilding as well as fore repairs and maintenance and air conditioning Comprehensive range of spares with a special focus on the Volkswagen range, especially Beetles and Combi's
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
There are 2 Key Holders so the Owner does not need to open himself on a daily basis
How are the clients attracted to the business?
Well known destination business
What Advertising/Marketing is carried out?
Face Book, Website and pamphlets printed and distributed periodically
What competition exists?
There are competitors in town, but each with their own customer base and focus
What are the seasonal trends?
Not significantly affected Business closes over December holiday period
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
70% + credit card sales Some clients are permitted to pay upon presentation of statement
How could the profitability of the business be improved?
A new owner may be interested in focusing on various other areas, especially with vehicle rebuilds Spares can be restored and written into stock
What is the total staff complement?
7 plus Owner
Give a breakdown of staff/ functions/ length of service?
A detailed breakdown of the staff and their various roles will be made known to an interested potential Buyer The structure varies from qualified mechanics to apprentices
Do any receive special perks or incentives?
Only at Owners discretion
How involved is the Owner in running the business?
On a daily basis
When does the current lease end?
June 2020 but renewable
What are the trading hours?
Monday to Thursdays: 07-30 to 5-00pm Fridays: 07-30 to 4-30pm Saturdays if and when required
What is the square meters of the business?
Approximately 400 square meters
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
1 Months deposit subject to negotiation
What are the main assets of the business?
Equipment and second hand parts
Are any items not included in the sale?
Items not included will be pointed out to an interested party at time of visiting the premises
What is their overall condition?
How have they been valued ?
The value of the spares is very difficult to determine as many second hand engines and spare parts can be cleaned up and written into stock However these are worth well in excess of the amount that has been reporded.
Are they presently insured?
Long established and well supported in town Specific focus Custom rebuilds that are being shipped overseas
Labour intensive business ....staff require ongoing attention Requires an element of physical work which is the reason for the sale The second hand engines and spares require attention to be stripped, cleaned and brought into stock
Many opportunities to take the business to a higher level and generate more income for a new Owner The air-con side of the business has a lot more potential with focused marketing initiatives Spares are lucrative but require attention More focus on rebuilding of extended vehicle ranges....especially Landrovers
There are no obvious threats known of
What is the reason for the sale?
The Seller is not as physically capable as he used to be which means that he has to let somebody else do a lot of the work that he previously did himself With the situation regarding his physical health, the Owner would like to wind down more and is therefore placing his business onto the market.
Why is this a good business?
The business is very good as it is long established and known for their fine workmanship They have rebuild a number of vehicles that have been shipped to the USA and there is more work in the pipeline A new Owner can focus on bringing the spare engines (At least 30 x Beetle engines) and parts into stock and a guesstimate is that they are worth closer to a million than the R500K as listed on the assets The business will suit a qualified motor mechanic who wishes to be entrepreneurial and will enjoy an exciting and rewarding business venture
What is the price plus stock and the profit?
The Owner feels that an asking price of R1.7 Mill is fair value for all the tools and equipment as well as significant value in spares that has not been brought into stock. A rough estimate of spares and second hand engines is around R750,000 plus
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Annual Turnover Amount between R 500 thousand and R 6 million