Summary

Established in 1992. If you have a passion for motor vehicles repair, Is this business for you. With a established client base stretching over 29 years ,generation a good income out of longstanding client base.

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Fully describe the business's activities?

This business offers specialized services, has a strong reputation, and provides excellent customer service.
The demand for CV joint repairs is consistent, as CV joints are a common point of failure in vehicles, and many owners prefer to have them repaired rather than replaced.
The Business is very well known in the Pretoria area and has been in business for 31 years. The Business has a large established client base.

How does the business operate on a daily basis?

The business is based on a daily appointment system.

What Advertising/Marketing is carried out?

Marketed focus on targeted advertising, a strong online presence, and leveraging customer testimonials.
Highlight the benefits of CV repair, such as extended tire life and improved handling, while ensuring accurate and transparent pricing.
Local partnerships and referral programs can also be valuable marketing tools.

What competition exists?

No competition in the immediate area, the closest competition is approximately 15km away, but does not offer suspension parts and shock fitment services.

How could the profitability of the business be improved?

The profitability can be improved by diversifying. Diversifying ideas have already been tested, which include commercial vehicle body rubberizing. A rubberizing partner who does rubberizing with mobile equipment has already been identified and tested.
Profitability can also be improved by a dedicated marketing campaign.

Give a breakdown of staff/ functions/ length of service?

3 Dedicated vehicle Technicians who are the heart of the business and perform the daily customer vehicle assessments and repair work. The 3 technicians are highly experienced and their length of service at CV Repair Services varies between 7 and 11 years
1 male Cleaner who comes in once a week to ensure the workshop is clean and tidy and has been with CV Repair Services for 6 years
1 Workshop Manager who ensures quotes are prepared correctly to ensure a proper GP is maintained, invoices are issued, payments are received correctly, stock is ordered, and equipment is maintained. The Workshop manager has been with CV Repairs since 2021.

Do any have management potential?

The Workshop Manager if he stays on obviously is already in a managerial role. The 3 workshop technicians do not have management potential.

How involved is the Owner in running the business?

The current owner ran the business hands-on between 2019-2021, while the current Workshop Manager has been running the business hands-on since 2021, with the current owner in an overseeing role.

When does the current lease end?

Recently renewed

What are the trading hours?

Monday - Thursday 07H45 - 16H30
Friday 07H45 - 15H00
Saturday 08H00-12H00

What are the main assets of the business?

The main assets are the lifting equipment, bearing presses, generator, specialised hand tools, computer equipment, CCTV system, supplier stock lists, air compressor, stock items, human capital, Colt bakkie, workshop aircon.
An asset register is available.

Strengths?

1. Know how and experience of the workshop technicians.
2. Close proximity to 2nd hand motor vehicle dealers.
3. Demographics of the area where CV Repair Services is located. People of the area tend to fix their vehicles and not replace it.
4. Sole supplier of a very specific brand name of high quality CV joints.
5. Quality workmanship.
6. Only CV repair and suspension part fitment centre in the area.
7. Barriers for competition to enter the market are quite difficult

Weaknesses?

No dedicated marketing person to actively market CV Repairs' services and products.

Opportunities?

1. Business can diversify with already tested concepts such as a vehicle rubberising service.

Threats?

The only threat is for second hand motor dealers to also start offering similar service to CV Repairs and although this has been an identified threat since the inception of CV Repair Services the threat has never materialised.

What is the reason for the sale?

The current owner is an engineer by trade and has been offered an international position within his engineering field and will therefore not be able to fully concentrate on the overseeing function of CV Repair Services.

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