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LocationNamibia, Northern Namibia

Sector - Retail

Asking Price
N$2,700,000
Monthly Profit
N$ 128,125
Asset Value
N$ 500,000
Stock Value
N$ 1,400,000
Yearly Net Profit
N$ 1,537,498

Summary

Trading in Vehicle Spares & Accessories, Building optional for sale

Give me more information

Fully describe the business's activities?

This company is situated in the North of Namibia. They sell parts such as general vehicle spares ,batteries, lubricants and number plates. There is an option to purchase the property that the business is currently situated at.

How does the business operate on a daily basis?

Mondays – Fridays 08h00 – 17h00
Saturdays 08h00 – 13h00
Sundays & Public Holidays - Closed

What Advertising/Marketing is carried out?

No advertising and marketing is carried out, the business relies on word of mouth and repeat customers.

How could the profitability of the business be improved?

This business can extend its opening hours to its client. As Namibia has long distant driving between towns ,a breakdown service or mobile parts van could be an additional service option to offer its clients.

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

-Manager – All ordering, pricing, staff matters, in general the running of the business.
-Salesman – Sales, assisting in compiling specific orders.
-Cashier – Sales, POS.
-General worker – Minor sales, fetching, carrying and packing of shelves.
-Cleaner/ Messenger – Self descriptive

Do any have management potential?

Not according to the owners requirements.

How involved is the Owner in running the business?

The owner runs the ‘back office’ which entails checking accounts payable, payments, salaries and general bookkeeping.
This is a low key activity requiring minimal time.

When does the current lease end?

The owner has moved the business to her residence. The property of 2500sqm with various buildings is optional to purchase with the business. The selling price of this mandate excludes the building and its property.

What are the trading hours?

Mondays – Fridays 08h00 – 17h00
Saturdays 08h00 – 13h00
Sundays & Public Holidays - Closed

What are the main assets of the business?

The main assets of the building is office equipment.

Strengths?

- Good stock holding
- Experienced salesman & manager
- Quality spare parts

Opportunities?

Persistent good service delivery, a possible mobile parts van to travel to nearby towns and a breakdown service

Threats?

Companies that deliver the same services.

What is the reason for the sale?

The owner is retiring from all business operations.

Location

Contact | Enquire

Ursula

Ursula Gollwitzer

LocationNamibia, Namibia

Preferred method of contact

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