Sold by aldes cliff bell sept 2019
owner operated with r561 000 of np & benefits combined off a r4m turnover, selling at r1 090 000 excl r85 000 stock.
Franchised vehicle fitment center that specializes in tyres (passenger, truck and agricultural), wheel alignment, shocks, batteries and exhausts. Stock from various suppliers, is normally ordered as required on a needs only basis, although certain fast moving goods are kept at hand. Call/drive-in's are attended to, quotes provided and service delivered by the well trained staff. Most clients pay by cr card (60%) or cash (40%) on site.
Ma's are very detailed and derived off spiral software, being in line with the franchisor financials.
This report is drawn up with jan to dec 2018 ma's. Addbacks, include extra income not related directly to the fitment centre and the owners benefits, to obtain total earnings for the owner of r561 000 for the r4m financial year under review.
No franchise re- singing fees & monthly fees are covered within expenses.
1 small vehicle (r25 000). 23 various equipment items (incl hoists, balancers, jacks, compressors), and numerous tools - all in good working condition - worth some r100 000 on a forced sale basis vs some r500 000 on a 2nd hand sale basis.
All paid up & included in the sale price