Sectors / Category

Annual turnover

|
  • Mandate: 34217
  • Added: 02 Dec 2020
  • AFS
  • 764

Existing Car Service City Franchise selling for less than a new franchise

Gauteng, Johannesburg
764
Mandate 34217
Added 02 Dec 2020
R 1,020,000* ZAR
Stock: R 0
Assets: R 0
R 36,149 ZAR
Driekie Louw
Aldes Focus
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

Situated in the perfect spot. Well trained Staff and Manager in place. Cash Business.

Existing Car Service City Franchise selling for less than a new franchise
SELLING PRICE AFS
R 1,020,000* ZAR
Stock: R0
Assets: R0
R 36,149 ZAR
Summary

Situated in the perfect spot. Well trained Staff and Manager in place. Cash Business.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
Existing Car Service City Franchise situated at an excellent location in a very popular mall that attracts >900 000 feet per month. It has well trained staff, established customer base, good supplier relationships.

How long has the business been established?
Established for over 10 years

How long has the owner had the business?
Owner has been operating the business since 2016

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.

Other listings by Driekie
R 800KZAR
Added : 9 Nov 2020 631
Yearly profit: R383,826
Gauteng
R 3.40MZAR
Added : 5 Nov 2020 412
Yearly profit: R956,690
Gauteng
Sold
Franchise
Added : 2 Nov 2020 896
Profit*: R181,804 *(2 months)
Gauteng
FRANCHISE DETAILS

Aldes Focus

6 members
61 active mandates
Gauteng , Pretoria East
Menlyn Corporate Park - 4th Floor, Suite H2 175 Corobay Avenue Waterkloof Glen Pretoria , Pretoria East , Gauteng
Pretoria East
0081

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 1.10MZAR
Added : 20 Nov 2020 334
Yearly profit: R376,716
KwaZulu-Natal
R 1.05MZAR
Added : 10 Sep 2020 370
Yearly profit: R476,570
Western Cape
R 1.36MZAR
Franchise
Added : 31 Aug 2020 367
Yearly profit: R721,966
Mpumalanga
R 1.40MZAR
Franchise
Added : 4 Feb 2020 1465
Profit*: R371,003 *(7 months)
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.10MZAR
Added : 11 Jan 2021 252
Yearly profit: R648,000
Gauteng
R 690KZAR
Added : 5 Jan 2021 387
Profit*: R126,185 *(10 months)
Gauteng
R 230KZAR
Franchise
Added : 4 Jan 2021 806
Yearly profit: R1,016,130
Gauteng
R 1.10MZAR
Added : 3 Dec 2020 833
Yearly profit: R633,908
Gauteng
R 1.02MZAR
Franchise
Added : 2 Dec 2020 764
Yearly profit: R433,791
Gauteng
R 1.10MZAR
Franchise
Added : 18 Nov 2020 868
Yearly profit: R902,098
Gauteng
R 180KZAR
Added : 18 Nov 2020 912
Yearly profit: R103,730
Gauteng
R 800KZAR
Added : 9 Nov 2020 631
Yearly profit: R383,826
Gauteng