Fully describe the business's activities?
Service and repairs on all makes of vehicles. Servicing private as well as fleet owners
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Private and Fleet owners bring vehicles as and when service or repairs are due. After accepting the quote by the client, repairs / service is done on the vehicle.
How are the clients attracted to the business?
Word of mouth Google ad words Website Networking organizations
What Advertising/Marketing is carried out?
They use google adwords for advertising
Does the business have any contract work?
they service several fleet owners vehicles.
What competition exists?
There are various vehicle repair centres in Johannesburg
What are the seasonal trends?
Normally buzzy before holidays.
How did the Covid-19 pandemic impact the business turnover / daily operations?
They had to close initially but obtained a license to do essential work. They are currently operating at 60% as permitted by law.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Obtained license to operate Put necessary procedures in place as required by law for staff and clients.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
Yes only available to serious buyers
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
All cash, no debtors accounts
How could the profitability of the business be improved?
Find additional fleet owners Do flyer's and social media marketing
Is Seller finance available and for what amount?
Give a breakdown of staff/ functions/ length of service?
3 x Technicians - 4 years 1 x cleaner - 3 Years 1 x Reception /shop manager - 2 years 2 x owners - 4 years
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
Yes - Shop manager
How involved is the Owner in running the business?
When does the current lease end?
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
7h00 to 17h00
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
3 months rent
What are the main assets of the business?
hand Tools Lifts Diagnostic tools Ford Ranger 2019
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
no repairs only normal servicing
How have they been valued ?
Which assets are on lease/HP and with whom?
Will Seller settle or Buyer to take over?
Buyer to take over
Are copies of agreements available?
Are they presently insured?
They are situated on a prime location in Randburg. Taking your vehicle to an agent to repair is to expensive. Pride themselves on honest advice and quality wormanship
There a other repair services in area. Staff turnover.
Additional fleet owners. Right to repair
Faulty workmanship can cause negative client relationship.
What is the reason for the sale?
Owner is in the process of immigrating to Australia
Why is this a good business?
This business is robust and withstood economic difficulties. This is proven in the last few months
What is the price plus stock and the profit?
R2 400 000 all inclusive Monthly profits of R87 000
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