Summary

This business has been established for 23 years, situated in a prime position in a busy area. Offering exclusive and unique items sush as Clothing, Silver Jewelery, Furnituer and Gifts. Service excellence and quality has been the success of this business. Owner wants to retire please call Werner Angell-Schau for this fantastic opportunity on 082 552 2999

1. History Background

Fully describe the business's activities?

Retailer of clothing, Silver jewelery, Furniture and exclusive and unique gifts

How long has the business been established?

40 Years

How long has the owner had the business?

23 Years

2. Present Market

How does the business operate on a daily basis?

Manager opens and closes the store daily, owners are in the store daily to over see the running of the business

How are the clients attracted to the business?

Business is very well established for the last 23 years, well positioned in a busy center

What Advertising/Marketing is carried out?

Very Seldom

Does the business have any contract work?

None

What competition exists?

None

What are the seasonal trends?

Constant through out the year very busy during November and December

3. Financial

Is the business VAT Registered?

Yes

What VAT documentation is on file?

Up To Date

Are there up-to-date Management Accounts available?

Yes

What Balance Sheet and Income Statements are available?

Up To Date

What percentage of the business is cash/credit?

67% Credit Card and 33% Cash

What is the age analysis of the debtors book?

None

How could the profitability of the business be improved?

More promotions to increase sales but business ia well established as is

Is Seller finance available and for what amount?

Yes will consider 10% - 15%

What is the payback period?

TBA

What is the ROI?

TBA

4. Staffing

What is the total staff complement?

1 Manager, 2 assistance, 2 Cleaners, 1 Part time staff

Give a breakdown of staff/functions/length of service?

Do any receive special perks or incentives?

None

Are they on contract?

No

Do any have management potential?

Yes already in place

How involved is the Owner in running the business?

90% of the time

5. Premises

When does the current lease end?

2015

Is there an option of renewal & what period?

Yes a further 5 years

What is the annual escalation %?

10%

What are the trading hours?

Mondays to Fridays 8:15 am - 17:30pm, Saturdays 8:15 - 13:30pm, Sundays Closed

What is the square meters of the business?

350 m2

Is a copy of the lease available?

Yes

Do you require a licence?

None

What lease deposit and/or other surety is required?

Zero

6. Assets

Is a full asset list on file?

Yes

Are any items not included in the sale?

None

What is their overall condition?

Excellent

Do any require repairing?

None

How have they been valued ?

Accountant

Which assets are on lease/HP and with whom?

N/A

What are their settlement amounts?

N/A

Will Seller settle or Buyer to take over?

N/A

Are copies of agreements available?

N/A

Are they presently insured?

Yes

7. S.W.O.T. Analysis

Strengths?

Business has been established for 23 years, well positioned in a busy mall that has been in the area for the existence of the business, Offers products that are exclusive and unique that are imported from India. Staff offers clients service excellence

Weaknesses?

Owner run

Opportunities?

More Promotional work

Threats?

None

8. Reason For Sale

What is the reason for the sale?

Owner wants to retire

9. Conclusion

Why is this a good business?

Business has been established for 23 years, well positioned in a busy mall that has been in the area for the existence of the business, Offers products that are exclusive and unique that are imported from India. Staff offers clients service excellence

What is the price plus stock and the net profit?

TBA