Filters
LocationSouth Africa, North West

Sector - Sales & Services

Asking Price
R1,500,000
Monthly Profit
R 89,360
Asset Value
R 118,000
Stock Value
R 0
Yearly Net Profit
R 1,072,318

Summary

This business is well established in a busy part of town. Fully Manager run.

Give me more information

Fully describe the business's activities?

Well known franchised vehicle service centre situated in Rustenburg. The business is well established and enjoys government work and a lot of repeat customers.

How does the business operate on a daily basis?

The manager opens and closes the business daily.
Mainly walk in trade and returning customers.

What Advertising/Marketing is carried out?

Franchisor does a lot of advertising and franchisee pays 2.5% of turnover towards the marketing fund.
Huge billboards and signage. Newspaper adverts. Advertised on Radio when started out.
Word of mouth.

What competition exists?

There are other service centres in the area.

How could the profitability of the business be improved?

Focus on getting private fleets.
Opening another branch focussing on the higher income market as the business is currently focussing on the middle and lower income market.

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

3 x Technicians of which one is a qualified mechanic
1 x Admin/Reception
1 x Manager
2 Workshop assistants

Do any have management potential?

Yes, Manager is in place with a monthly salary of R15 000.

How involved is the Owner in running the business?

Owner only visits the business a couple of times per month as he is based in Gauteng.

When does the current lease end?

Current lease ends June 2019

What are the trading hours?

7:00 - 16:30 Monday to Friday, 8:00 - 13:00 Saturday

What are the main assets of the business?

The business has three lifts and security cameras providing live feed.

Strengths?

This is a well known franchise brand. The business is situated in a good and busy location with lots of parking. Great Customer Service. Only franchise in the North West.

Weaknesses?

The volatile mining labour situation does affect the business.
The business does not have any fleet contracts.

Opportunities?

Another branch can be opened.
Focus on getting fleets

Threats?

Unavailability for certain parts (mainly Chinese cars)
Limited service providers

What is the reason for the sale?

The owner lives in Pretoria and wishes to focus on his businesses closer to home.

Location

Contact | Enquire

Driekie

Driekie Louw

LocationSouth Africa, Gauteng

Preferred method of contact

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