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?
Is there an option of renewal & what period?
Yes for a further 5 years
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?
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.
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.
High rental but comes with excellent location.
Fleet work. Extend trading hours to that of the mall
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.
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Annual Turnover Amount between R 500 thousand and R 6 million