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Annual turnover

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  • Mandate: 34676
  • Added: 14 Jun 2021
  • AFS
  • 1273

Franchised Wheel Alignment and Tyre Store

Northern Cape, Northern Cape
1273
Mandate 34676
Added 14 Jun 2021
R 1,150,000* ZAR
Stock: R 0
Assets: R 920,000
R 31,000 ZAR
Frans Joubert
(PRINCIPAL)
Aldes Potchefstroom
North West, Potchefstroom
North West, Potchefstroom
Summary

Fitment centre with walkin business and auto garages relationships, offering tyres, shocks, wheel balancing and alignment under national franchise brand

Franchised Wheel Alignment and Tyre Store
SELLING PRICE AFS
R 1,150,000* ZAR
Stock: R0
Assets: R920,000
R 31,000 ZAR
Summary

Fitment centre with walkin business and auto garages relationships, offering tyres, shocks, wheel balancing and alignment under national franchise brand

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Fully describe the business's activities?
Franchised fitment centre for tyres, shocks, wheel balancing and alignment

How long has the business been established?
Since 2019

How long has the owner had the business?
Since 2019

How does the business operate on a daily basis?
Fitment centre with walkin business and auto garages in the area

How are the clients attracted to the business?
National franchise advertising, Word of mouth and Facebook page

What Advertising/Marketing is carried out?
National franchise advertising, Word of mouth and Facebook page

What competition exists?
There are well established main competitor in the market that is the default goto place for most of the business in town currently, the opportunity therefore is to gain business from this competitor and share of market.

What are the seasonal trends?
December is the busy month

Is the business VAT Registered?
Yes the business is VAT registered

Are there up-to-date Management Accounts available?
Income statement since opening in September 2019 available

What percentage of the business is cash/credit?
Mostly cash/card

How could the profitability of the business be improved?
More aggressive advertising, promotions and localised brand activation programs

What is the total staff complement?
Seven Staff

Give a breakdown of staff/ functions/ length of service?
Most of the staff since start of business

Are they on contract?
Yes

Do any have management potential?
Yes

How involved is the Owner in running the business?
The owner is not currently hands-on due to other commitments

When does the current lease end?
There is a nine year lease in place, yet lease can be adjusted according to potential buyer requirements

What is the annual escalation %?
Eight Percent

What are the trading hours?
Monday to Saturday Business Hours

Is a copy of the lease available?
Yes

What are the main assets of the business?
Full Asset list available - Wheel alignment equipment, Vehicle lifts, Tyre changers, wheel balancing machine, Shocktester, Nitrogen pump, Rim bend and repair, Tractor tyre strip

What is their overall condition?
All equipment in excellent near new condition

How have they been valued ?
Owner valued based on purchases made with the Franchise

Which assets are on lease/HP and with whom?
The business leases a telephone system

Strengths?
Franchised store with good equipment. Surrounding area all auto related.

Weaknesses?
Brand not known in area with strong established competitor

Opportunities?
Localised brand activation

Threats?
Lack of working capital and focus on business by owner due to other commitments

What is the reason for the sale?
Lack of owner ability to focus on the business due to other commitments

Why is this a good business?
This is a franchised model offering a range of products and services that is in demand, with the right focus and working capital the profitability of the business could be improved and a market can be established in the area

What is the price plus stock and the profit?
The price is at R1,150,000 all inclusive, this includes assets of R920,000

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AGENCY DETAILS

Aldes Potchefstroom

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

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