Sector - Sales & Services
Situation in Centurion the business is growing monthly.Give me more information
Fully describe the business's activities?
Part of a strong franchise group that repairs and services all kinds of vehicles.
Workshop has 10 service bays.
Security cameras throughout the business allows the owner to oversee the business from anywhere.
How does the business operate on a daily basis?
The manager opens and closes daily.
Quotes are provided over the phone and to walk ins. Once accepted the vehicle is brought in, deposit paid and the remainder when the vehicle is collected.
5% Royalty is paid on turnover
What Advertising/Marketing is carried out?
2.5% Marketing Fee is paid to Head Office to market on Social Media, billboards and the like.
What competition exists?
Mainly backyard mechanics in the close vicinity.
How could the profitability of the business be improved?
Approaching more fleets
Do any have management potential?
Owners are very happy with the manager
How involved is the Owner in running the business?
The owners are in the business daily.
When does the current lease end?
The business entered into a 5 year lease
What are the trading hours?
Monday to Friday from 07:00 - 17:30 and Saturdays from 8:00 - 13:00
What are the main assets of the business?
1 x Lift; 1 x Diagnostic; Loose tools
A full asset list is available
The business is showing good growth even in the current tough market circumstances
None were identified
The business is still growing.
More fleets can be added
Current economic conditions
What is the reason for the sale?
The owners have other business interests that they want to pursue
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