Franchise For Sale,Fitment Centre For Sale,Service Centre For Sale,Car Wash For Sale
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Franchised Fitment And Service Centre With Car Wash For Sale
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Business For Sale

BUSINESS FOR SALE OVERVIEW

This established suburban Franchised Fitment and Service Centre in the East of Pretoria with a Car Wash is for sale. ThisFitment Centre For Sale Franchise For Sale business generates a good income. Well established in the same location in the East of Pretoria for more than 15 years. It is well positioned near a filling station on a busy road.





Fitment Centre For SaleSELLING DETAILS

Selling Price

1,700,000

Turnover pm

219,445

Stock

500,000

Profit pm

45,000

Total Asking Price

2,200,000

Nett Assets Incl

500,000



Pretoria Business For Sale



MANDATE REPORT

1. History Background

Fully describe the business's activities

This business offers the clients a wide range of services. The business has a fitment centre that fits car exhausts, shocks, tyres and also can service cars.  Income is not only generated from fitments and services but also from a car wash.  It is well situated in the middle of a higher income area.  The business is part of a well-known franchise brand. The Car Wash is unbranded and offers well under cover parking for their clients. This business is well known in the area and is very near to a filling station.  Located on a busy road as well.

How long has the business been established?

This business was established 18 years ago.

How long has the owner had the business?

The current owner bought it from the previous owner 5 years ago.

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

The effect of power cuts was not felt. There is no generator in place.

2. Present Market

How does the business operate on  a daily basis

Owner runs hands on 90%, but his management team can manage the business without his input.

How are the clients attracted to the business

Word of mouth, very good service, near homes in suburb so people can drop car of before work an collect after work.  The business is there for 18 years and has a good client base

What Advertising/Marketing is carried out

Marketing is done by distribution of flyers.  But with a good constant marketing plan, you can increase the turnover. Competition is very low in this area and with a very broad potential client base.

Does the business have any contract work

No, but longstanding regular clients

What competition exists

Limited competition in the area.

What are the seasonal trends

The beginning of the year is always slow, but increases as the year progresses with November and December the best.

3. Financial

Is the business VAT Registered

Yes

What VAT documentation is on file?

All Vat returns

Are there up to date management accounts?

Yes

What audited financials are available, income statement and or balance sheets?

We have Management statements for the year ending 28 February 2013.

What percentage of the business is cash/credit?

70% on credit card machines and 30% cash.

What is the age analysis of the debtor’s book?

Cash business no debtors

How could the profitability of the business be improved?

Attracting more customers with marketing

Is Seller finance available and for what amount?

No

4. Staffing

What is the total staff complement?

11 contracted permanent staff members.  

Staff Breakdown and length of service

2 Mechanics, 2 fitters, Cleaners 2, 2 office staff and 4 staff including manager at the car wash

Do any receive special perks, bonuses or incentives?

Yes. With every job of R10,000 the manager earns R500.  Mechanics are paid an incentive of R250 per overall of cars.     Fitters get R50.00 per fitment.

Are they on contract?

All are contracted according to MIBCO rules

Do any have management potential?

Yes, current management in place.  They know the business and how to run it without the owner present.

How involved  is the Owner in running the business

Owner spends about 90% of his time at the business.

5. Premises

When does the current lease end?

The current lease  ends in 2015

Is there an option of renewal & what period

Yes, renewal option included in contract

What is the annual escalation %?

7.0%

What are the trading hours?

Mon-Fri 07h30 to 17h00

Saturdays 8h00 to 12h00  ,Sundays Closed

What is the square meter age of the business?

250m².

Is a copy of the lease available?

Yes

Do you require a licence?

No, but you need to get Franchisor Approval

6. Assets

Is a full asset list on file?

Yes available and prepared for fair market value for insurance purposes

Are any items not included in the sale?

Seller will take nothing out. (Lock stock and barrel).  Lots of items not included in valuation.

What is their overall condition?

Excellent

Do any require repairing?

No

How have they been valued?

Fair market / Replacement value

Which assets are on lease/HP and with whom?

N / A

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

This business is there for 18 years. Well known for good service.  The brand is well known.

Weaknesses

Not enough marketing

Opportunities

The Business service only the local community. Adjoining community is not far from the Site. If the new owner do more marketing in these areas and run more in store specials he will increase turn over.

Threats

None Perceived.

8. Reason For Sale

What is the reason for the sale?

The seller has other business opportunities he want to persue.

9. Conclusion

Why is this good business to buy?

This is a very good business with great client base with a lot of spare capacity to grow.  The service mix gives the owner a diversified income base with potential of more income.

 

Automotive Business For Sale,Fitment Centre For Sale,School For Sale,Car Wash For Sale,Car Service Business For Sale,Pretoria East Business For Sale

R130709
 


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