Fully describe the business's activities?
The business services all vehicles whose service plans have expired. It is located in a busy area in the Northern suburbs of Johannesburg. Currently operated by Head Office and looking for a hands on owner.
How long has the business been established?
Around 13 years.
How are the clients attracted to the business?
The franchise is very well known for its efficiency and good service; resulting in repeat customers and word of mouth
What Advertising/Marketing is carried out?
2.5% Advertising fee contributes to national marketing. The core of the business however relies on flyer distribution
Is the business VAT Registered?
What VAT documentation is on file?
There is more than one business running through the Pty thus VAT figures will not give a true reflection of the business.
Are there up-to-date Management Accounts available?
Turnover figures are available. Management Accounts from July 2020
Give a breakdown of staff/ functions/ length of service?
2 x Mechanics 1 x Secretary 1 x Cleaner
How involved is the Owner in running the business?
Operated by Head Office and looking for a hands on operator
When does the current lease end?
Currently year to year but the landlord is happy to extend
What are the main assets of the business?
Lifts, diagnostic machine, tools. Example of a new branch asset list can be provided
Are they presently insured?
Yes, comprehensive insurance is in place.
Excellent Franchise. Great location. Good database of clients with repeat business. Good systems in place. Well trained staff and support from franchisor.
No owner involvement
Hands on management
What is the reason for the sale?
The franchise is owned and operated by Head Office and they now wish to have a hands on operator.
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Annual Turnover Amount between R 500 thousand and R 6 million