Sectors / Category

Annual turnover

|
  • Mandate: 34831
  • Added: 02 Aug 2021
  • AFS
  • 906

Retail Motor Spares with Growth Potential

Northern Cape, Northern Cape
906
Mandate 34831
Added 02 Aug 2021
R 880,000* 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 880,000* ZAR
Stock: R0
Assets: R95,279
R 1,686 ZAR
Summary

Retail motor spares and accessories store

To gain access to more business info
please supply us with your details below

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

Other listings by Frans
R 910KZAR
Added : 8 Jun 2022 124
Yearly profit: R412,193
North West
R 799KZAR
Franchise
Added : 13 May 2022 191
Yearly profit: R0
North West
R 2.42MZAR
Added : 26 Mar 2022 381
Yearly profit: R509,989
North West
AGENCY DETAILS

Aldes Potchefstroom

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

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 1.10MZAR
Added : 19 Jun 2022 143
Yearly profit: R983,929
Gauteng
R 600KZAR
Added : 4 Feb 2022 484
Yearly profit: R584,803
KwaZulu-Natal
R 1.10MZAR
Added : 13 Jan 2022 1170
Yearly profit: R549,607
Gauteng
Sold
Franchise
Added : 29 Oct 2021 742
Yearly profit: R829,207
Western Cape
R 1.10MZAR
Added : 31 May 2021 829
Yearly profit: R-259,180
Limpopo
R 540KZAR
Added : 22 May 2021 895
Yearly profit: R194,590
North West
R 880KZAR
Added : 17 Jul 2020 1195
Yearly profit: R570,228
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.03MZAR
Added : 22 Jun 2022 156
Yearly profit: R704,642
Gauteng
R 950KZAR
Franchise
Added : 22 Jun 2022 163
Yearly profit: R702,568
Gauteng
R 1.10MZAR
Added : 20 Jun 2022 82
Yearly profit: R284,546
Gauteng
R 1.10MZAR
Added : 19 Jun 2022 143
Yearly profit: R983,929
Gauteng
R 1.16MZAR
Added : 7 Jun 2022 392
Profit*: R279,427 *(5 months)
Gauteng
R 700KZAR
Added : 7 Jun 2022 163
Yearly profit: R82,204
Gauteng
R 1.09MZAR
Added : 4 Jun 2022 122
Yearly profit: R1,248,248
Gauteng
R 1.20MZAR
Added : 26 May 2022 186
Yearly profit: R442,600
Gauteng