Ref. No - BFS933732
South Africa, Northern CapeRef. No - BFS933732
Sector - Retail
Asking Price
R5,800,000
Monthly Profit
R 15,396
Asset Value
R 2,310,264
Stock Value
R 2,500,000
Yearly Net Profit
R 184,753
Summary
Give me more informationFully describe the business's activities?
Sourcing and supply of a complete range of motoring spares, auto parts, accessories and lifestyle and outdoor products.
How does the business operate on a daily basis?
The current owner runs the business hands on a daily basis
What Advertising/Marketing is carried out?
Franchisor marketing and advertising in the form of print and TV. Occasional flyers are distributed in the local area.
Word of mouth
Word of mouth
What competition exists?
There is another autozone centre in town
How could the profitability of the business be improved?
More marketing and advertising even though the business is growing well organically.
Give a breakdown of staff/ functions/ length of service?
1 x Manager
4 x General workers
4 x General workers
Do any have management potential?
Yes
How involved is the Owner in running the business?
The owner is 100% involved in the business
When does the current lease end?
The premises belongs to the owner
What are the trading hours?
Monday to Saturday 08:00 - 17:00
What are the main assets of the business?
The stock and building are the main assets
Strengths?
- Located in a lucrative agricultural area with very few smaller competitors
- Very need and well managed business
- Big stock range
- Personal customer service
- Business located on own premises
- Well established business in the community
- Very need and well managed business
- Big stock range
- Personal customer service
- Business located on own premises
- Well established business in the community
Weaknesses?
- Owner and wife is the pivot around which everything happens in the business
- Skills Transfer has to be improved
- Only word of mouth marketing strategy
- Skills Transfer has to be improved
- Only word of mouth marketing strategy
Opportunities?
- Improve marketing
- Wide trade area to develop and service
- Expand business
- Diversify on own premises
- Wide trade area to develop and service
- Expand business
- Diversify on own premises
Threats?
- Economic Down slope
- Competition expanding
- Agricultural unforeseen negative circumstances
- Competition expanding
- Agricultural unforeseen negative circumstances
What is the reason for the sale?
Retirement
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