Auto Spares Shop
3277
Ref. No - BFS934831
South Africa, Northern CapeRef. No - BFS934831
Sector - Sales & Services
Asking Price
R880,000
Monthly Profit
R 1,686
Asset Value
R 95,279
Stock Value
R 0
Yearly Net Profit
R 20,233
Summary
Auto Spares Retail Store
Give me more informationFully describe the business's activities?
Retail Auto Spares
How does the business operate on a daily basis?
Retail store that serves walkin customers
What Advertising/Marketing is carried out?
Limited advertising, mostly word of mouth in region
What Advertising/Marketing is carried out?
Limited advertising, mostly word of mouth in region
What competition exists?
There are other spares shops in area
What competition exists?
There are other spares shops in area
How could the profitability of the business be improved?
Aggressive marketing, adding of services, callouts and towing services
How involved is the Owner in running the business?
The owner has an overseeing role
When does the current lease end?
The owner is willing to structure lease according to buyer requirements
What are the trading hours?
Monday to Friday 08:00 to 17:00 and Saturday to 13:00
What are the main assets of the business?
The balance sheet Assets is at R454K Inventory and Trade Receivables of R78k, owner estimates current Inventory at R1,1m
Strengths?
The business is showing consistent revenues and lower cost of sales (improved margins) the past two financial periods
Weaknesses?
The immediate service area is relatively small, yet the revenues are stable
Opportunities?
Adding a repair, service and breakdown service into business
Threats?
COVID Lockdowns
What is the reason for the sale?
The owner wishes to focus on less of the businesses currently in his portfolio
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