Fully describe the business's activities?
Retail Grocery Supermarket operating from 8.00am to 8.00pm. Franchised liquor store operating hours as prescribed by Liquor license.
How long has the business been established?
Supermarket since 1996, liquor store opened in 2004.
How long has the owner had the business?
How does the business operate on a daily basis?
General assistents for service departments (butchery, bakery and deli) enter at 6.00am and start prep work. Cashiers and Shift managers enter at7.30 to open trading by 8.00am. At 11.00am the second shift comes in and closes at 8.00pm.
How are the clients attracted to the business?
Well established brand. Continuous advertising via brochures and leaflets.
What Advertising/Marketing is carried out?
The Franchise distributes leaflets and brochures.
Does the business have any contract work?
What competition exists?
Limited competition from other grocery stores in the area.
What are the seasonal trends?
Sales spike upwards in Dec through to April. August, September generally quieter.
Is the business VAT Registered?
What VAT documentation is on file?
Every bimonthly returns as requested by SARS.
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
All AFS available to end February 2015
What percentage of the business is cash/credit?
98% cash, 2 % corporate clients.
Is Seller finance available and for what amount?
What is the ROI?
31% return on Investment.
What is the total staff complement?
35 Staff members, consisting of General assistants, supervisors, cashiers and managers.
Do any receive special perks or incentives?
Are they on contract?
All employees on full time employment contract.
Do any have management potential?
Managers and supervisors.
How involved is the Owner in running the business?
Give a breakdown of staff/functions/length of service?
Large % of staff members been employed for numerous years.General manager, 2 junior managers, 3 supervisors, cashiers and general assistants.
When does the current lease end?
The current owner of the supermarket is the owner of the building.
Is there an option of renewal & what period?
To be negotiated with present owner.
What is the annual escalation %?
To be negotiated.
What are the trading hours?
Trading from 8.00am to 9.00pm
What is the square meters of the business?
Retail Floor 720m2 Tops 140m2 Backup service area 300m2 New pizza area 60m2
Do you require a licence?
A liquor license for Tops. The existing licence can be transfered to new owner.
What lease deposit and/or other surety is required?
1 month rental deposit required.
Are any items not included in the sale?
What is their overall condition?
Good working condition.Maintenance is an on going task and owner undertakes to hand all equipment over in working order.
Do any require repairing?
How have they been valued ?
At cost less 50% depreciation.
Which assets are on lease/HP and with whom?
To be advised.
Are they presently insured?
Is a full asset list on file?
The supermarket belongs to an international brand and are pioneers in the grocery and liquor retail industry. this brand is the market leader in the Eastern Cape.
Competition from other retail supermarkets.
This business is priced to sell and situated in an industrial growth area, dense populated and close to construction site of new deep water harbour.
What is the reason for the sale?
Owners family has emmigrated.
Why is this a good business?
Belongs to an international brand, situated in dense populated area, in proxinity to developing area.( Coega deepwater harbour)
What is the price plus stock and the net profit?
Price R3 500 000 Stock +/- R1400 000 and netting R127 470 per month for 12 month period to end February 2016.
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