Fully describe the business's activities?
The business activities are the Valet of vehicles and bikes, Glazing, Headlight restoration and ceramic coating.
How long has the business been established?
The business has been established 6 years ago
How long has the owner had the business?
How does the business operate on a daily basis?
The business is opened and closed by the owner. or the assistant He does the scheduling of the cars to be attended to. The driver collect and deliver cars where needed. The cars are inspected for quality control.
How are the clients attracted to the business?
By word of mouth and very good relations with the customers.
Does the business have any contract work?
What competition exists?
There are small car wash businesses in the area and does not provide the quality of service
What are the seasonal trends?
There are not really any trends
How did the Covid-19 pandemic impact the business turnover / daily operations?
The turnover increased during Covid.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
The business was open all the time during Covid.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
Yes, more detail analyses will be given during due diligence.
What percentage of the business is cash/credit?
20% Cash, 20% Credit cards and 60% on account.
What is the age analysis of the debtors book?
The debtors pay strictly between 7 to 30 days.
How could the profitability of the business be improved?
Marketing will increase the business growth.
Is Seller finance available and for what amount?
What is the total staff complement?
There are 8 permanent staff and then they use casual labor as needed
Give a breakdown of staff/ functions/ length of service?
1x Assistant 6x Cleaners 1x Driver
Do any receive special perks or incentives?
Are they on contract?
How involved is the Owner in running the business?
The Owner is full time involved.
When does the current lease end?
The rental is on a month to month basis for many years and a lease agreement can be negotiated for the new Owner.
What is the annual escalation %?
What are the trading hours?
From 8h00 till 17h00 during the week and Saturdays from 8h00 till 15h00
What lease deposit and/or other surety is required?
Two months rental(R50 000) deposit is needed
What are the main assets of the business?
All equipment that is needed for the Valet and detailing services of the vehicles that consists of 1x Compressor, 4x Vacuum cleaners, 2x high pressure pumps, a Wendy , office furniture and many more.
Are any items not included in the sale?
The Laptop of the Owner
What is their overall condition?
Neat and in good working order
Do any require repairing?
How have they been valued ?
Owners secondhand valuation.
Are they presently insured?
The business is owner run that make the difference with Fanatic attention to detail. The business has a good reputation and relationships with all the Motor Dealership customers.
The business must make use of casual labor that needs training on a ongoing basis. The staff work long hours and shifts needs to be considered.
Marketing will grow the business
Dealers not having enough stock(Cars) to sell will reduce activities. Economy
What is the reason for the sale?
The Owner has other business interest to attend.
Why is this a good business?
The Business is busy and it is Quality driven.
What is the price plus stock and the profit?
The price of this business is R1 100 000 including stock
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