How does the business operate on a daily basis?
The business services a large amount of the taxi fleets from the surrounding areas, the location lends itself to passer by clientele.
Flywheel skimming performed for large dealerships in and around Johannesburg.
Relining of heavy duty brake shoes for cars, trucks and cranes.
Loadshedding not a problem - generator on site

How are the clients attracted to the business?
Location and are well known in the area.

What Advertising/Marketing is carried out?
Word of mouth
Signage

Does the business have any contract work?
contracts with dealerships

What competition exists?
There are various other businesses providing similar services, however our client is well known and trusted in the area.

What are the seasonal trends?
This business trades well with constant turnovers throughout the year.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Bi-monthly vat reports

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

What Balance Sheet and Income Statements are available?
2023 financial year.

What percentage of the business is cash/credit?
80% cash

What is the age analysis of the debtors book?
Most debtors pay on invoice - dealerships pay promptly on 30 days from statement.

How could the profitability of the business be improved?
Approaching other motor groups and heavy duty logistics companies.
Marketing campaign
Investment in appearance of building.

Is Seller finance available and for what amount?
No.

What is the total staff complement?
5 staff includes a manager.

Give a breakdown of staff/ functions/ length of service?
Well skilled, multi-tasking and competent workforce.
Stripping, religning and rivetting of clutch plates and brake shoes.
Cleaning, spraying and skimming of pressure plates.
Skimming of discs, drums and flywheels.
Testing of grip and release of clutch kits before release to customers.
Identifying the correct thickness of brake shoes in co-ordination with truck and motor vehicle drums.
Radiusing of brake shoes.
Stock takes.
General Machine Maintenance.
General Motor vehicle maintenance.
Staff compliment have been with the business from 3-17 years.

Do any receive special perks or incentives?
Performance based bonuses.

Are they on contract?
no

Do any have management potential?
Manager currently in place.

How involved is the Owner in running the business?
Partially involved.

When does the current lease end?
2024

Is there an option of renewal & what period?
yes, 5 year renewal period.

What is the annual escalation %?
10%

What are the trading hours?
7:45am - 4:45pm Mon to Fri 7:45am - 12:00pm Sat

What is the square meters of the business?
496

Is a copy of the lease available?
no

Do you require a licence?
no

What lease deposit and/or other surety is required?
2 months rental.

What are the main assets of the business?
A detailed asset list will be made available.

What is their overall condition?
good

Do any require repairing?
1 or 2

How have they been valued ?
Professional valuation done on all machinery.

Which assets are on lease/HP and with whom?
none

Are they presently insured?
All assets are comprehensively insured.

Strengths?
Well known in the area, with trusted workmanship.

Weaknesses?
Lack of marketing.

Opportunities?
To provide services to large motor brands and logistics companies not currently serviced.

Threats?
None percieved.

What is the reason for the sale?
Owner is emigrating.

Why is this a good business?
The sellers have built a reputable name in the area providing trusted workmanship to the taxi industry and motor car groups.
There is an option to buy the building housing the business.
This business generates good profits with a large cash component.
The business runs independently with a trust-worthy manager in place.