Sectors / Category

Annual turnover

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  • Mandate: 33742
  • Added: 13 Jan 2020
  • AFS
  • 72

Garden Route Major Town. Motor Industry Car rebuilds and repairs, with specific focus

Western Cape, Garden Route
72
Mandate 33742
Added 13 Jan 2020
R 1,700,000* ZAR
Stock: R 0
Assets: R 719,341
R 27,868 ZAR
Noel Heath
(PRINCIPAL)
Aldes Triumph
Western Cape
Western Cape
Summary

The workshop specialises in repairs and refurbishments to Volkswagen vehicles and Landrover rebuilds as well as auto repairs to Isuzu, Opel, Toyota and other popular brands. Custom rebuilds have been shipped across to the USA and there are more pending. There is an air-conditioning division that has strong growth potential if focus given. The business has significant value in the second hand engines and spares that can be brought into stock...almost R750K worth of second hand engines, apart from all of the other spares such as gearboxes and diffs etc.

Garden Route Major Town. Motor Industry Car rebuilds and repairs, with specific focus
SELLING PRICE AFS
R 1,700,000* ZAR
Stock: R0
Assets: R719,341
R 27,868 ZAR
Summary

The workshop specialises in repairs and refurbishments to Volkswagen vehicles and Landrover rebuilds as well as auto repairs to Isuzu, Opel, Toyota and other popular brands. Custom rebuilds have been shipped across to the USA and there are more pending. There is an air-conditioning division that has strong growth potential if focus given. The business has significant value in the second hand engines and spares that can be brought into stock...almost R750K worth of second hand engines, apart from all of the other spares such as gearboxes and diffs etc.

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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?
2003

How long has the owner had the business?
Since Inception

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?
No

What VAT documentation is on file?
N/A

Are there up-to-date Management Accounts available?
Yes

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?
Yes

Do you require a licence?
No

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?
Very good

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?
Yes

Strengths?
Long established and well supported in town Specific focus Custom rebuilds that are being shipped overseas

Weaknesses?
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

Opportunities?
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

Threats?
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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FRANCHISE DETAILS

Aldes Triumph

1 members
27 active mandates
Western Cape
8A Loerie Street, Bergsig
6529

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