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?
What is the annual escalation %?
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?
What lease deposit and/or other surety is required?
What are the main assets of the business?
Lifts, diagnostic machine and loose tools
Are they presently insured?
Comprehensive insurance is in place.
Well known and strong franchise with good support from Head Office Well trained staff Growing monthly Good premises
Head Office run store and needs owner involvement Business is still in a growing phase
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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