Sectors / Category

Annual turnover

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  • Mandate: 34673
  • Added: 22 May 2021
  • AFS
  • 572

Manager/Shareholder Auto Fitment Centre (Potchefstroom)

North West, North West
572
Mandate 34673
Added 22 May 2021
R 540,000* ZAR
for 30% of business
Stock: R 0
Assets: R 360,668
R 16,216 ZAR
Frans Joubert
(PRINCIPAL)
Aldes Potchefstroom
North West, Potchefstroom
North West, Potchefstroom
Summary

Automotive Industry Operational Investment in Potchefstroom

Manager/Shareholder Auto Fitment Centre (Potchefstroom)
SELLING PRICE AFS
R 540,000* ZAR
for 30% of business
Stock: R0
Assets: R360,668
R 16,216 ZAR
Summary

Automotive Industry Operational Investment in Potchefstroom

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Fully describe the business's activities?
Auto Related products and services company, based in Potchefstroom, with long term vision to establish itself as the first point of contact for a range of products and services related to the Auto and other supplementary and associated segments in the market.

How long has the business been established?
The current owners have been operating the business for 5 years, and prior to that the business was established in this sector.

The Investment Opportunity
The current owners of the business require a partner that is a hands-on individual, would be a shareholder in the company as well as manage the business entirely, drawing a salary as well as profit share as a part owner in the business. The individual should have excellent business acumen, management experience, dynamic individual that can drive company forward with both financial and technical capabilities, entrepreneurial flair and team player. The monthly salary value in this deal is currently set at R17,5k per month, with profit share dependent on performance of the company.

The Investment Required
The investment required is a cash investment of R540,000 for 30% share in the business.

What is Current Financial Indicators
The business in the last financial period generated nearly R3m of revenues, had assets on Balance sheet of nearly R600k

What is the reason for the sale?
The owners require a partner and dynamic manager with "skin in the game", as they have a strategy spanning several years and aim to be successful player with this segment of the market, therefore requires a "part of the team" player that places similar value on business as an owner in the business.

Why is this a good business?
The business is well established, with clear growth plans and the 30% share being provides as part of this investment and operational structured deal is set for increasing in value over a period of time, this includes steps to gain more visibility in market, increased product lines and services.

Other Factors of Investment
Owners wishes to secure the right individual, thus a process would be followed of meeting with the current owners prior to owners approving the investor, this to ensure that the owners engage with individual that would be valuable asset to the business from operational, strategic and shareholder perspective. Potential buyers would have to produce proof of funds available to facilitate the investment post this engagement process, with final decision on potential buyer selection being with the current owners, thus availability of funds is not a guarantee of selection.

The Ideal Buyer Profile
The ideal Buyer would be a dynamic individual that can manage a technical and customer facing operation, manage operations, financial acumen, entrepreneurial, team player, hands-on and one that can drive a business forward, an individual that would be a strong partner in the business as well as strong manager on the floor, forward thinking and great to get along with.

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AGENCY DETAILS

Aldes Potchefstroom

1 members
41 mandates
North West , Potchefstroom
Mia Meent Unit 3 6 Fick Street Potchefstroom
Potchefstroom

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