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Annual turnover

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  • Mandate: 34160
  • Added: 20 Aug 2020
  • 375

Busy vehicle repair and service center. Excellent location.

Gauteng, Johannesburg
375
Mandate 34160
Added 20 Aug 2020
R 2,400,000* ZAR
Stock: R 0
Assets: R 625,000
R 87,461 ZAR
Louis Aucamp
Aldes Pro
Gauteng
Summary

Busy vehicle repair and service center on an excellent location. They service fleet owners as well as private vehicle owners on all makes of cars.

SELLING PRICE
R 2,400,000* ZAR
Stock: R0
Assets: R625,000
R 87,461 ZAR
Summary

Busy vehicle repair and service center on an excellent location. They service fleet owners as well as private vehicle owners on all makes of cars.

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please supply us with your details below

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?
4 years

How long has the owner had the business?
4

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?
No

Are there up-to-date Management Accounts available?
Yes only available to serious buyers

What Balance Sheet and Income Statements are available?
2018

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?
no

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?
No

Are they on contract?
Yes

Do any have management potential?
Yes - Shop manager

How involved is the Owner in running the business?
100% involved.

When does the current lease end?
March 2021

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
10%

What are the trading hours?
7h00 to 17h00

What is the square meters of the business?
360m2

Is a copy of the lease available?
Yes

Do you require a licence?
No

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?
no

What is their overall condition?
Good

Do any require repairing?
no repairs only normal servicing

How have they been valued ?
Owners valuation

Which assets are on lease/HP and with whom?
Ford Ranger

Will Seller settle or Buyer to take over?
Buyer to take over

Are copies of agreements available?
Yes

Are they presently insured?
Yes

Strengths?
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

Weaknesses?
There a other repair services in area. Staff turnover.

Opportunities?
Additional fleet owners. Right to repair

Threats?
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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FRANCHISE DETAILS

Aldes Pro

3 members
27 active mandates
Gauteng
Malcolm Road
0000

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