How does the business operate on a daily basis?
All the stores open in the morning for trade, salesman attend to customers' needs and stores are closed by managers in the evening.

How are the clients attracted to the business?
The business is well established, been trading for 34 years.

What Advertising/Marketing is carried out?
None, rely on word of mouth.

Does the business have any contract work?
No.

What competition exists?
There are other players in the sector.

What are the seasonal trends?
Festive season is busier, however this business trades well throughout the year.

Is the business VAT Registered?
Yes.

What VAT documentation is on file?
All relevant information is on file.

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

What Balance Sheet and Income Statements are available?
All information required is available.

What percentage of the business is cash/credit?
95% cash.

How could the profitability of the business be improved?
Optimize workforce and cut unnecessary overheads.

Is Seller finance available and for what amount?
No, however the seller will look at a structured payment on the stock.

What is the total staff complement?
35 staff.

Give a breakdown of staff/ functions/ length of service?
Management
Purchasing office
Sales staff
Stores
Admin

Do any receive special perks or incentives?
No

Are they on contract?
All staff are on permanent contracts.

Do any have management potential?
Yes, however current management structures in place.

How involved is the Owner in running the business?
The owner is available on a daily basis.

Is there an option of renewal & what period?
Yes

What are the trading hours?
07:30 - 17:20 Mon to Friday
07:30 - 13:00 Saturdays
09:00 - 11:00 Sundays and public holidays

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
N/A

What are the main assets of the business?
Stock
Equipment
Shelving and shopfitting
Vehicles

Are any items not included in the sale?
A few vehicles.

What is their overall condition?
Good working condition

Do any require repairing?
No.

Which assets are on lease/HP and with whom?
Vehicles.

Are copies of agreements available?
Yes

Are they presently insured?
all assets are comprehensively insured.

Strengths?
35-year trading history
Well established and strong trading position in the different towns
Excellent systems in place.
Very good range of stock.
Autobarn member

Weaknesses?
Marketing - a new owner will benefit from running specials and doing local advertising.

Opportunities?
Open in other areas, merely need to copy and paste a winning formula.

Threats?
Economic conditions.
Opposition

What is the reason for the sale?
Owner wants to retire.

Why is this a good business?
Well established business in a sought after industry showing good profits. Options to open in other surrounding towns.