Fully describe the business's activities?
VW and Audi specialist workshop with the latest equipment and software
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Booking system for the Service Centre and Workshop Centre. Vehicles serviced or repaired by technicians and Owner.
How are the clients attracted to the business?
Word of mouth, street signboards and reputation for service and quality
What Advertising/Marketing is carried out?
Does the business have any contract work?
What competition exists?
There are no workshops with the latest equipment and software specialising in VW and Audi models in the vicinity.
What are the seasonal trends?
Business is regular except when the business closes for the annual recess for 3 weeks in Dec/Jan
How did the Covid-19 pandemic impact the business turnover / daily operations?
The business closed for one week while waiting for a certificate authorising emergency work.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
All the legislated protocols are adhered to.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
The annual financial statements for year ended February 2020. The figures in the financial report for the business have been extracted from the 2020 financial statements and adjusted for owner's personal expenses and non-cash items.
What percentage of the business is cash/credit?
How could the profitability of the business be improved?
Advertising. Introduce minor panel beating or upholstery and glass repairs.
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
2 qualified technicians recently employed ex Mercedes workshop. 1 cleaner - 4.5 years service.
Do any receive special perks or incentives?
Do any have management potential?
How involved is the Owner in running the business?
Fully involved in the business
When does the current lease end?
30 April 2021
Is there an option of renewal & what period?
Yes, for 5 years.
What is the annual escalation %?
Between 6 & 8%
What are the trading hours?
Mondays to Fridays 07:30 - 16:00hrs
What is the square meters of the business?
240 sq mts
Is a copy of the lease available?
Yes, to qualified buyers
Do you require a licence?
What are the main assets of the business?
Specialist tools including 4 ton hoists, compressor and computers with auto software
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
How have they been valued ?
By the Owner
Which assets are on lease/HP and with whom?
Are they presently insured?
Excellent customer relations, repeat business, reputation and qualified technicians
Not doing sufficient advertising.
More advertising to a huge untapped market in the area.
What is the reason for the sale?
Owner wishes to retire.
Why is this a good business?
This is a very profitable business that specialises in the VW and Audi brand and has all the technical equipment and software to back it up.
What is the price plus stock and the profit?
Price R1,077,609 + stock R22391 = total price R1,100,000. Stock R22,391. Profit for year ended February 2020 R 376,716.
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