Sectors / Category

Annual turnover

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  • Mandate: 36965
  • Added: 13 Oct 2024
  • AFS
  • 1018

Franchise Vehicle Dealership

KwaZulu-Natal,
1018
Mandate 36965
Added 13 Oct 2024
R 7,950,000* ZAR
Stock: R 0
Assets: R 1,344,527
R 220,423 ZAR
Nic Nortje
(PRINCIPAL)
Aldes Prestige
KwaZulu-Natal, Hillcrest
KwaZulu-Natal, Hillcrest
Summary

Owning your own franchised car dealership is now within reach. This franchised dealership is the only accredited dealership with this vehicle make in the area and has spent over 70 years offering customers a one stop vehicle shop. Buying, selling, new or used vehicles and offering car servicing not just to franchise vehicles but to all vehicle makes. This business can be yours to grow and continue the strong customer focus and the best service.

Franchise Vehicle Dealership
SELLING PRICE AFS
R 7,950,000* ZAR
Stock: R0
Assets: R1,344,527
R 220,423 ZAR
Summary

Owning your own franchised car dealership is now within reach. This franchised dealership is the only accredited dealership with this vehicle make in the area and has spent over 70 years offering customers a one stop vehicle shop. Buying, selling, new or used vehicles and offering car servicing not just to franchise vehicles but to all vehicle makes. This business can be yours to grow and continue the strong customer focus and the best service.

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How long has the business been established?
Over 70 years in current location, currently the third owners of this branch

How long has the owner had the business?
20 years

What steps are in place to solve 'load shedding' problems?
We have no load shedding in this location

What is the average KW usage?
1000kw per month on average

Fully describe the business activities
Popular car franchise, selling new and used cars. Services of all makes of cars, warranty work on popular car makes, part sales

How does the business operate on a daily basis?
Clients will come in or call for vehicle service or repairs, buy parts or new and used vehicles sales

How are the clients attracted to the business?
We are the only popular vehicle dealership in 100km radius, we are very customer focused, best service available

What Advertising/Marketing is carried out?
Social media run in-house, sales team going out to clients, sponsoring golf days, school events via donations estimated from R1000 to R5000 per event, head office provides leads as well as potential clients who are coming to end of term with thier vehicles

Does the business have any contract work?
Yes, all popular car make in a 50km radius, all popular car make warranty and service plan

What competition exists?
Another popular car make dealership is 100km away, in this location there are other car dealerships selling different car makes

What are the seasonal trends?
The motor industry is busy all year round

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Will be supplied

Are there up-to-date Management Accounts available?
Yes

What percentage of the business is cash/credit?
All cash

What is the age analysis of the debtors book?
60 Days

How could the profitability of the business be improved?
Sell or service more vehicles

What balance sheets and income statements are available
AFS February 2024

What is the total staff complement?
11

Give a breakdown of staff/ functions/ length of service?
Accountant - 15 years
Technician - 12 years
Technician - 7 years
Salesman - 7 years
Service Manager - 14 years
Apprentices - 7 years
Sales Lady - 1 year
Parts Lady - 3 years
Dealer Principle - 19 years

Do any receive special perks or incentives?
Salesman earn commission on every car sold over a basic

Do any have management potential?
Yes

How involved is the Owner in running the business?
Full time

Do they all have signed employment contracts?
Yes

When does the current lease end?
December 2027

Is there an option of renewal & what period?
Yes, every 5 years

What is the annual escalation %?
6%

What are the trading hours?
Monday to Friday - 07:30 - 17:00
Saturday - 08:00 - 13:00
Sunday and Public Holidays - Closed

What is the square meters of the business?
+- 1800sqm

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
Deposit R100 000

What are the main assets of the business?
Dealer signage & pylon, Dealer Portal, Server for dealer system, dealer advertising merchandise
Office furniture and equipment
Computers and Printers
Client chairs
Phone system - pbax Nashua
Wifi router, Fibre network
Fan
Coffee station, TV, water dispenser, bar fridge
Boardroom table and chairs and coffee station
Light fittings
Fire house reel, fire extinguishers
CCVTV system with 2 tvs
Alarm system
Workshop equipment, machinery, spares, shelving, clock card machines

Are any items not included in the sale?
The main office is not part of the rental agreement and will be blocked off as part of the sale.
Will not interfere with the dealership but will allow the other business to operate from that office

The Close Corporation is not part of the sale, a new name will need to be registered with the required entities
2nd Hand vehicles on the floor will not form part of the sale
Also excluded:
2023 Ford Everest
2021 Ford Ranger
2xPrinter
2xlaptop
Router
2 desk
5 chairs
1 bench
1 sofa
1 aircon
Cabinets
Chubb safe
Model cars
1 fridge
Wakefield safe

What is their overall condition?
All to latest popular car make specs

Do any require repairing?
No

How have they been valued ?
All tools and furniture paid by owner via popular car make

Are they presently insured?
Yes

Is a full asset list on file?
Yes

Strengths?
Selling the popular car make vehicle ranked in top 5 most sold vehicle in South Africa.
No other dealership in 100km radius in the KZN midlands area

Weaknesses?
Interest rates and fuel

Opportunities?
Many opportunities to sell and service more, extend the staff

Threats?
Prices of vehicles always going up

What is the reason for the sale?
Retirement

Why is this a good business?
Its a popular car make franchise, with very little direct competition. Extremely well established business in the KZN midlands area.

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AGENCY DETAILS

Aldes Prestige

2 members
10 mandates
KwaZulu-Natal , Hillcrest
2 Old Main Road, the Brook Block B, Suite3 , Gillitts, 3610
Hillcrest
4016