Sectors / Category

Annual turnover

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  • Mandate: 34831
  • Added: 02 Aug 2021
  • AFS
  • 488

Retail Motor Spares with Growth Potential

Northern Cape, Northern Cape
488
Mandate 34831
Added 02 Aug 2021
R 2,200,000* ZAR
Stock: R 0
Assets: R 95,279
R 1,686 ZAR
Frans Joubert
(PRINCIPAL)
Aldes Potchefstroom
North West, Potchefstroom
North West, Potchefstroom
Summary

Retail motor spares and accessories store

SELLING PRICE AFS
R 2,200,000* ZAR
Stock: R0
Assets: R95,279
R 1,686 ZAR
Summary

Retail motor spares and accessories store

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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

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AGENCY DETAILS

Aldes Potchefstroom

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

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