How are the clients attracted to the business?
Highly visible signage in and around the mall. The business employs flyer distributors at intersections at the mall which is used by more than 50 000 vehicles per 24hour period.

What Advertising/Marketing is carried out?
Excellent advertising is done by the franchisor on Social Media like Twitter and Facebook, Google Search Words, Billboards and each franchisee pays 2.5% of turnover towards this on a monthly basis

What Balance Sheet and Income Statements are available?
Income statement on file from January 2019 until September 2020

What is the total staff complement?
6 x staff members excluding flyer distributors

Give a breakdown of staff/ functions/ length of service?
1 x Manager 1 x Receptionist 1 x Cleaner 2 x Qualified Mechanic 1 x Unqualified Mechanic

How involved is the Owner in running the business?
Owner is very hands on

When does the current lease end?
March 2021

Is there an option of renewal & what period?
Yes for a further 5 years

What is the annual escalation %?
10%

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?
320 sq/m

Is a copy of the lease available?
Yes, a copy is available from seller

What lease deposit and/or other surety is required?
Two months rental in advance

What is their overall condition?
Everything is in a good and working condition (fare wear and tear) and gets maintained regularly.

Strengths?
EXCELLENT LOCATION! ! Big database that is increasing monthly. Great Workshop Staff. No immediate competition. Good relationships with suppliers. Fast food outlets are open till 10pm which results in great exposure for the business.

Weaknesses?
High rental but comes with excellent location.

Opportunities?
Fleet work. Extend trading hours to that of the mall

Threats?
No threats were detected.

What is the reason for the sale?
Owner is emigrating

Why is this a good business?
Excellent location. You are buying an existing business thus making money from the first month. No start up problems. Well trained staff. Good customer and supplier relationships.

What is the price plus stock and the profit?
The selling price of R1 020 000 includes stock and assets. Joining fee of R95 000 has to be paid directly to Franchisor and does not form part of the selling price.