How does the business operate on a daily basis?
Manager and owner run as per business description.

How are the clients attracted to the business?
The franchisor does advertising, and the business is in a good location with many repeat clients

What Advertising/Marketing is carried out?
Franchisor advertises, repeat business, website.

Does the business have any contract work?
AVBOB, Porsche for non Porsche vehicles.

What competition exists?
There are a number of workshops around.

What are the seasonal trends?
The sales remain fairly consistant throughout the year.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
VAT documentation will be provided during due diligence.

Are there up-to-date Management Accounts available?
Up-to-date management figures are on file.

What Balance Sheet and Income Statements are available?
The accountant will provide during due diligence.

What percentage of the business is cash/credit?
EFT or swipe no credit. Only AVBOB vehicles paid Stannic fleet - 3 to 5 working days.

How could the profitability of the business be improved?
More fleet business. Utilizing free space by looking into having a spray booth and doing body repairs.

Is Seller finance available and for what amount?
The seller will look at all reasonable offers after meeting with the prospective buyer.

What is the total staff complement?
5 including the owner.

Give a breakdown of staff/ functions/ length of service?
1 Manager
1 Mechanic
1 RSA (repair shop assistant)
1 cleaner (works twice a week)

Do any receive special perks or incentives?
Incentive structure based on performance.

Are they on contract?
Yes

Do any have management potential?
There is a manager in place.

How involved is the Owner in running the business?
The owner is involved in the running of the business (financial management)

When does the current lease end?
June 2025

Is there an option of renewal & what period?
Yes for 3 years or to be negotiated with the landlord.

What is the annual escalation %?
To be confirmed.

What are the trading hours?
Monday to Friday 7.30 to 5 and Saturdays 8 to 5

What is the square meters of the business?
+/- 300 m2

Is a copy of the lease available?
Yes, to serious buyers

Do you require a licence?
The business is RMI (5 star accredited), MIBCO registered and fleet company accredited.

What lease deposit and/or other surety is required?
3 months rental to be negotiated with the landlord

What are the main assets of the business?
Workshop equipment and furniture and fittings, signage, inverter, technician tablets, and computer and diagnostic equipment. 3 Lifts. Special tool, breakdisk skimming machine.

Are any items not included in the sale?
All assets as seen on the asset list are included in the sale.

What is their overall condition?
Very good condition

Do any require repairing?
No

How have they been valued ?
Replacement value

Which assets are on lease/HP and with whom?
No

Are they presently insured?
The business and its assets are comprehensively insured.

Strengths?
Franchised business
Manager Run
Excellent location
Steady sales
Knowledgeable staff and return clientele

Weaknesses?
None identified

Opportunities?
There is ample space in the workshop to do spray painting and cosmetic body repair work.
Marketing and more fleet business

Threats?
Economy and competition

What is the reason for the sale?
Owner wants to relocate to the coast.

Why is this a good business?
Fleet business, secure parking, potential for growth, in shopping center, knowledgeable staff and steady income.