Busy Road Fitment Centre For Sale,fitment centre for sale,tire fitment centre for sale,tyre fitment centre for sale,business for sale,johannesburg business for sale,franchised fitment center for sale,franchise for sale
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Busy Road Fitment Centre For Sale
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Business For Sale

BUSINESS FOR SALE OVERVIEW

Fitment Centre For SaleThe franchised fitment centre does tires, shocks and services.  Cars and trucks alike from a location on a busy main road in the South of Johannesburg and in a light industrial area. Owner not present but busy with his transport business.  Owner involvement will make a difference










Fitment Centre For SaleSELLING DETAILS

Selling Price

700,000

Turnover pm

424,009

Stock

250,000

Profit pm

23,330

Total Asking Price

950,000

Net Assets Incl.

580,000




MANDATE REPORT

1. History Background

Fully describe the business's activities

The fitment centre does tyre, shocks and services.  Cars and trucks alike from a location on a busy main road in the South of Johannesburg and in a light industrial area. Owner not present but busy with his transport business.  Owner involvement will make a difference.

How long has the business been established?

Since 2011.

How long has the owner had the business?

Started it

What steps are in place to solve "load shedding" problems

N/A

2. Present Market

How does the business operate on  a daily basis

For the last 2 year limited owner involvement with staff running it

How are the clients attracted to the business

On a main road, word of mouth, established clients (commercial truck etc) and advertising and promotions.

What Advertising/Marketing is carried out

They did a lot initially but nothing now

Does the business have any contract work

Various regular business clients

What competition exists

Various normal competitors as per the industry in the area

What are the seasonal trends

Busy week trade, quiet weekends, due to location in industrial area.

3. Financial

Is the business VAT registered?

Yes

What VAT documentation is on

file?

Yes

Are there up to date Management

Accounts available?

Everything available in POS from inception

Balance Sheet and Income

Statements?

Not up to date and you not buying the CC that has other business activities in it.

What Percentage of the business

is cash/credit card/credit?

10% is on 30days, a lot by card and EFT, some cash

Age Analysis?

30days for about 10% of turnover per month

How can it be more profitable?

Owner involvement, more marketing especially to two major office blocks in the area

Seller Finance available?

No

4. Staffing

What is the total staff complement?

10 staff

Staff Breakdown and length of service

2 Manager/Sales, 1 admin, 1 cleaner, 5 floor staff and 1 driver

Do any receive special perks, bonuses or incentives?

None

Are they on contract?

Yes, MIBCO

Do any have management potential?

Yes, in place

How involved  is the Owner in running the business

Not involved and that will make a big difference

5. Premises

When does the current lease end?

Lease just resigned for 3 years.

Is there an option of renewal & what period

Yes.

What is the annual escalation %?

N/A

What are the trading hours?

Mon - Fri 08:00 - 17:30,

Sat 08:00 - 15:00

What is the square meterage of the business?

300m2

Is a copy of the lease available?

Yes

Do you require a licence?

Franchise Agreement Required

6. Assets

Is a full asset list on file?

Yes

Are any items not included in the sale?

No

What is their overall condition?

Good

Do any require repairing?

Normal on-going maintenance, the Ford Ranger might need a bit of work

How have they been valued?

Replacement by owner

Which assets are on lease/HP and with whom?

None

What are their settlement amounts?

N/A

Will Seller settle or Buyer to take over?

N/A

Are copies of agreements available?

N/A

Are they presently insured?

Yes

7. S.W.O.T. Analysis

Strengths

Good franchise, good location.

Weaknesses

Owner involvement

Opportunities

Focus hands on and market the services

Threats

None Perceived

8 Reason For Sale

What is the reason for the sale?

Owner has another business he is focusing.

9. Conclusion

Why is this a good business to buy?

Franchise well-known, location on busy road.




 

Franchise For Sale,Franchise Fitment Centre For Sale,Tire Business For Sale,Johannesburg Business For Sale


Reference - R141002 
 


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