Jeep Chrysler Workshop For Sale

Business description

History Background
Fully describe the business's activities? Servicing, repairs, suspension modification, lift kits, electrical repairs etc. of Jeep®/Chrysler® products
How long has the business been established? The business has been established for 10 years
How long has the owner had the business? Since inception
What steps are in place to solve "load shedding" problems? Not considered necessary
What is the average KW usage? Approximately 1382 KW per month
Present Market
How does the business operate on a daily basis? Service and modification bookings are received from regular customers and dealerships along with passing trade
How are the clients attracted to the business? Mainly word-of-mouth and dealerships
What Advertising/Marketing is carried out? None at the moment
Does the business have any contract work? No contract work exists
What competition exists? Dealerships
What are the seasonal trends? No real effect
Financial
Is the business VAT Registered? Yes, business is vat registered
What VAT documentation is on file.? Last 18 months
Are there up-to-date Management Accounts available? Yes, up to date accounts are available
What Balance Sheet and Income Statements are available? February 2007 - 2009
What percentage of of the business is cash/credit? Dealers 30 days / balance cash
Is Seller finance available and for what amount? No seller finance is available
Staffing
What is the total staff complement? Owner plus 5
Give a breakdown of staff/functions/length of service? Foreman, 3 x General Workers and 1 x Char
Do any receive special perks or incentives? Foreman
Are they on contract? Yes, staff have contracts
Do any have management potential? Yes, the Foreman
How involved is the Owner in running the business? 100%
Premises
When does the current lease end? November 2010
Is there an option of renewal & what period? Yes, flexible
What is the annual escalation %? 5% annual escalation
What are the trading hours? Weekdays 08h00 - 17h00
What is the square meterage of the business? 804 sqm
Is a copy of the lease available? Yes, copy of the lease is on file
Do you require a licence? No licence required
Assets
Is a full asset list on file? Yes, asset list is on file
Are any items not included in the sale? No items will be excluded
What is their overall condition? Assets are in good condition
Do any require repairing? None of the assets require repairing
How have they been valued. ? Replacement value
Which assets are on lease/HP and with whom? None of the assets are on lease / HP
S.W.O.T. Analysis
Strengths? Specialised product focus and extensive product knowledge
Weaknesses? Intellectual property resting in the Owner
Opportunities? Expand into other SA cities, bigger premises and marketing
Threats? None perceived
Reason For Sale
What is the reason for the sale? The Owner wishes to retire
Conclusion
Why is this a good business? Specialised focus and track record
What is the price plus stock and the net profit? R2 600 000

Property information

Real Estate:

Lease

Other information

Furniture / Fixtures value:

R370,000

Inventory / Stock value:

R450,000