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Annual turnover

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  • Mandate: 33862
  • Added: 21 Feb 2020
  • AFS
  • 351

Vehicle Servicing Franchise - JHB North

Gauteng, Johannesburg
351
Mandate 33862
Added 21 Feb 2020
R 1,400,000* ZAR
Stock: R 0
Assets: R 0
R 23,952 ZAR
Driekie Louw
Aldes Focus
Gauteng
Summary

Popular franchise group that has established a new branch (Sep 19) in the Northern Suburbs of Johannesburg. Well trained staff

Vehicle Servicing Franchise - JHB North
SELLING PRICE AFS
R 1,400,000* ZAR
Stock: R0
Assets: R0
R 23,952 ZAR
Summary

Popular franchise group that has established a new branch (Sep 19) in the Northern Suburbs of Johannesburg. Well trained staff

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Fully describe the business's activities?
This well known franchise services and repairs all kind of vehicles. Currently run by Head Office with the aim of finding a hands on owner. Established in September 2019 this business has been growing from month to month.

How long has the business been established?
The business started trading in September 2019

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, billboards, social media, magazines

What competition exists?
Normal competition for the industry

What are the seasonal trends?
The business is in a growing monthly

Are there up-to-date Management Accounts available?
Management accounts from September 2019 up to date is available.

How could the profitability of the business be improved?
By becoming an owner run store

What is the total staff complement?
6 x Permanent Staff

Give a breakdown of staff/ functions/ length of service?
1 x Manager 1 x Reception/Admin 2 x Mechanics 1 x Mechanic Assistant 1 x Cleaner Normally around 5 x Flyer distributors on a daily rate

Do any receive special perks or incentives?
Only salaries are paid

Are they on contract?
Yes, all permanent staff is on contract

How involved is the Owner in running the business?
This store is run by Head Office with the aim to make it an owner run store.

When does the current lease end?
August 2024

What is the annual escalation %?
8%

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?
539 sq/m

What lease deposit and/or other surety is required?
R64 680

What are the main assets of the business?
Lifts, diagnostic machine and loose tools

Are they presently insured?
Comprehensive insurance is in place.

Strengths?
Well known and strong franchise with good support from Head Office Well trained staff Growing monthly Good premises

Weaknesses?
Head Office run store and needs owner involvement Business is still in a growing phase

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 good training provided. Tried and tested methods in place Because you buy direct from Head Office no joining fee is payable and training is also included in the selling price.

What is the price plus stock and the profit?
Selling for R1 400 000 with stock included. The business carries very little stock and is estimated at about R15 000

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FRANCHISE DETAILS

Aldes Focus

6 members
41 active mandates
Gauteng
Menlyn Woods Office Park Office Block C 291 Sprite Street Faerie Glen
0081

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