Fully describe the business's activities?
Auto valet Anti smash and grab film Branded ceramic coating
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Supervisor and admin person manage daily jobs and processes
How are the clients attracted to the business?
Word of mouth Dealerships Facebook page and social media
What Advertising/Marketing is carried out?
Does the business have any contract work?
What competition exists?
There are other businesses in the same field but don't provide the same level of service
What are the seasonal trends?
Peak season is December to February
How did the Covid-19 pandemic impact the business turnover / daily operations?
Business closed from April to August 2020.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
All protocols in place for staff and customers All vehicles are sanitised
Is the business VAT Registered?
What VAT documentation is on file?
All VAT documentation is on file and available to pre-qualified buyers
Are there up-to-date Management Accounts available?
Management accounts are available to pre-qualified buyers. The figures in the financial report have been extracted from the projected management accounts to year end February 2022.
How could the profitability of the business be improved?
Advertise Create a web site Focus on off-site valet service
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
Receptionist/Driver - 1 years service Supervisor/Driver - 2 years service 8x Washers/polishers - 1 month to 4 years service
Do any receive special perks or incentives?
Supervisor - performance bonus
Are they on contract?
Yes - 1 and 2 year contracts
Do any have management potential?
How involved is the Owner in running the business?
The owner is fully involved in the business
When does the current lease end?
The lease has expired and rental is now on a month-to-month basis. The Landlord is willing to negotiate a lease with a new Owner.
What are the trading hours?
Mondays to Fridays 07:00 - 17:00hrs Saturdays 07:30 - 13:00hrs
Do you require a licence?
What are the main assets of the business?
Polishers Steam cleaner High pressure cleaners Compressor Extractor vacuum
Are any items not included in the sale?
Items not included are: 1 set of ramps Personal tools - not required for business Laptop computer
What is their overall condition?
Do any require repairing?
How have they been valued ?
By the owner and Agents
Which assets are on lease/HP and with whom?
Are they presently insured?
Trained staff - multi-skilled Location of premises Relationship with motor dealerships Reputation
Increase off-site valet service. Increase motor dealership customers. Advertise. Create a web site.
Covid Recent looting in KZN
What is the reason for the sale?
The Owner and his wife are re-locating to another area in KZN.
Why is this a good business?
This is a very profitable business with opportunities for growth
What is the price plus stock and the profit?
Price R616,000 + Stock R4,000 = Total price R620,000. Projected profit to February 2022 R340,000
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