Sectors / Category

Annual turnover

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  • Mandate: 35055
  • Added: 11 Dec 2021
  • AFS
  • 179

Auto valet, anti smash and grab film and ceramic coating service

KwaZulu-Natal, KwaZulu-Natal Midlands
179
Mandate 35055
Added 11 Dec 2021
R 620,000* ZAR
Stock: R 4,000
Assets: R 221,565
R 28,110 ZAR
John Londal
Aldes Accolade
KwaZulu-Natal
KwaZulu-Natal
Summary

Located in Pietermaritzburg, an established profitable, auto valet, anti smash and grab film and branded ceramic coating business. Services individual customers and motor dealerships on site. Also provides an off-site valet service to heavy motor vehicle dealerships.

SELLING PRICE AFS
R 620,000* ZAR
Stock: R4,000
Assets: R221,565
R 28,110 ZAR
Summary

Located in Pietermaritzburg, an established profitable, auto valet, anti smash and grab film and branded ceramic coating business. Services individual customers and motor dealerships on site. Also provides an off-site valet service to heavy motor vehicle dealerships.

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Fully describe the business's activities?
Auto valet Anti smash and grab film Branded ceramic coating

How long has the business been established?
4 years

How long has the owner had the business?
4 years

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?
Nil

Does the business have any contract work?
No

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?
Yes

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?
No

What is the total staff complement?
10

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?
No

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?
No

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?
Good

Do any require repairing?
No

How have they been valued ?
By the owner and Agents

Which assets are on lease/HP and with whom?
None

Are they presently insured?
Yes

Strengths?
Trained staff - multi-skilled Location of premises Relationship with motor dealerships Reputation

Weaknesses?
Space

Opportunities?
Increase off-site valet service. Increase motor dealership customers. Advertise. Create a web site.

Threats?
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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AGENCY DETAILS

Aldes Accolade

2 members
11 mandates
KwaZulu-Natal
8 St Michaels Road, Hilton
3245

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