Fully describe the business's activities?
Specialists in fleet maintenance of corporate company vehicles - cars and bakkies. Also services and repairs trucks.
How long has the business been established?
The business has been established for 20 years.
How does the business operate on a daily basis?
There is a manager who opens and closes and helps oversee the everyday running of the business. Owner is involved and oversees the financial side of the business.
How are the clients attracted to the business?
Quick turn around time. Competitive pricing. Good reputation in the indistry. Well established. This all contributes to excellent referrals/word-of-mouth.
What Advertising/Marketing is carried out?
Social media. Active on Facebook and Instagram. Word-of-mouth.
Does the business have any contract work?
The company does a lot of work for corporate companies on their fleets.
What are the seasonal trends?
Pretty constant throughout the year. Closed for two weeks in December.
Is the business VAT Registered?
Yes, the business is VAT registered.
What percentage of the business is cash/credit?
90% EFT. 5% Cash. 5% CredIt Cards.
How could the profitability of the business be improved?
Employing of rep/customer service person to call on existing and new clients will bring in additional business in a short space of time.
What is the total staff complement?
1 x Owner, 1 x Manager, 2 x Technicians, 2 x General Assistants in workshop.
Do any receive special perks or incentives?
Annual bonuses are paid at the discretion of management.
Are they on contract?
Yes, all are permanently employed.
Do any have management potential?
Yes, manager already in place.
How involved is the Owner in running the business?
30% to 40% of the owner's time is spent in the business.
When does the current lease end?
Seller owns the property and is happy to continue with a lease to new owners. Seller will give buyer the option to purchase the property if they so wish.
Is there an option of renewal & what period?
Seller would prefer a 2 to 3 year lease with an option to renew.
What are the trading hours?
Monday to Thursday: 7.30 am to 5.15 pm. Friday: 7.30 am to 3.45 pm.
What is the square meters of the business?
480 square meters with huge yard space.
Do you require a licence?
No licence is required to own this business.
What lease deposit and/or other surety is required?
One month's rental as a deposit for rent is required.
What are the main assets of the business?
Tools and Workshop Equipment and Office Furniture and Equipment.
What is their overall condition?
Overall condition is good.
Do any require repairing?
Maintenance is carried out.
Are they presently insured?
Yes, the business is comprehensively insured.
Well-established, good reputation, well-known. Good location. Well-trained staff. Excellent client base - corporate fleet maintenance business is strong.
None really. Maybe economic conditions but vehicles still need to be repaired.
Placing a rep/customer service person on the road will bring in more business from new and existing customers.
Normal economic conditions.
What is the reason for the sale?
Seller wants to relocate to KZN.
Why is this a good business?
Nicely profitable. This business has given the owner a good lifesyle. Well-established, good reputation, well-known. Good location. Well-trained staff. Excellent client base - strong corporate fleet maintenance business.
What is the price plus stock and the profit?
The asking price is R2.5 million including stock and assets. The adjusted profit accruing to the owner is R1.15 million per annum.
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