"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
Retail Auto Spares
How long has the business been established?
Since 2017
How long has the owner had the business?
Since 2017
How does the business operate on a daily basis?
Retail store that serves walkin customers
How are the clients attracted to the business?
Word of mouth
What Advertising/Marketing is carried out?
Limited advertising, mostly word of mouth in region
What competition exists?
There are other spares shops in area
Is the business VAT Registered?
In the process of registering for VAT
Are there up-to-date Management Accounts available?
Yes the business AFS available
What Balance Sheet and Income Statements are available?
2021 Statements available
What percentage of the business is cash/credit?
Mostly cash
What is the age analysis of the debtors book?
The 2021 shows Trade Receivables of R78k
How could the profitability of the business be improved?
Aggressive marketing, adding of services, callouts and towing services
What is the total staff complement?
Currently 3 Staff
How involved is the Owner in running the business?
The owner has an overseeing role
When does the current lease end?
The owner is willing to structure lease according to buyer requirements
What are the trading hours?
Monday to Friday 08:00 to 17:00 and Saturday to 13:00
What are the main assets of the business?
The balance sheet Assets is at R454K Inventory and Trade Receivables of R78k, owner estimates current Inventory at R1,1m
Are any items not included in the sale?
There are a number of collectables in the store currently that do not form part of the transaction, these will be shown to potential buyer
Strengths?
The business is showing consistent revenues and lower cost of sales (improved margins) the past two financial periods
Weaknesses?
The immediate service area is relatively small, yet the revenues are stable
Opportunities?
Adding a repair, service and breakdown service into business
Threats?
COVID Lockdowns
What is the reason for the sale?
The owner wishes to focus on less of the businesses currently in his portfolio
Why is this a good business?
Profitable with opportunity for growth
What is the price plus stock and the profit?
R2,2000,000
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million
