Sectors / Category

Annual turnover

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  • Mandate: 26822
  • Added: 28 Aug 2018
  • AFS
  • 3721

Supermarket/ superette

Gauteng, Johannesburg
3721
Mandate 26822
Added 28 Aug 2018
R 1,500,000* ZAR
Stock: R 300,000
Assets: R 650,000
R 32,052 ZAR
Rory Miller
(PRINCIPAL)
Aldes Active
Gauteng
Summary

Convenience store in small centre that services many office parks and surrounding residential areas. Independently owned. Good margins, small staff compliment, manager run.

SELLING PRICE AFS
R 1,500,000* ZAR
Stock: R300,000
Assets: R650,000
R 32,052 ZAR
Summary

Convenience store in small centre that services many office parks and surrounding residential areas. Independently owned. Good margins, small staff compliment, manager run.

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Fully describe the business's activities?
A well know convenience store brand which is owned by 1 of the largest chains in Africa. Opens early closes late and services the surrounding offices and residential suburbs. positioned in centre. Business rebranded under new franchisor in last 12 months

How long has the business been established?
Business was started 11 years ago.

How long has the owner had the business?
11 yrs

How does the business operate on a daily basis?
Opens early & closes late. there are 2 managers in the business

How are the clients attracted to the business?
The business is well position to service a number of large corporate buildings in the area and, surrounding residential areas. There is a large gym nearby as well.

What Advertising/Marketing is carried out?
Well signed, franchise is well known.

Does the business have any contract work?
No

What competition exists?
The business meets the needs of those who require early and late service. It also services the appropriate lsm market.

What are the seasonal trends?
Due to rebranding it is difficult to say at this stage. Business is showing good growth since new branding.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Yes

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

What Balance Sheet and Income Statements are available?
Yes

What percentage of the business is cash/credit?
70% cash 30% credit

What is the age analysis of the debtors book?
NA

How could the profitability of the business be improved?
Business needs to time to mature. On site owner will always be better.

What is the total staff complement?
2 managers 6 staff

Are they on contract?
Yes

How involved is the Owner in running the business?
Owner has number of other stores so is involved from head Office perspective.

When does the current lease end?
2015

Is there an option of renewal & what period?
Yes 3 years

What is the annual escalation %?
10%

What are the trading hours?
6-11 Mon - Fri 7-11 Sat & Sun

What is the square meters of the business?
130m2

Is a copy of the lease available?
Yes

Do you require a licence?
No

What is their overall condition?
Shop in good condition

Are they presently insured?
Yes

Is a full asset list on file?
available thru seller

Strengths?
Very well located, convenience to many, managers in place, known brand, good margins, able to leverage off franchisor

Weaknesses?
Trading for last year under new branding

Opportunities?
To continue to market the store to late revellers etc

Threats?
Business has own niche

What is the reason for the sale?
Seller has other business interests

Why is this a good business?
Seller has created his own brand however this makes little difference because it is a convenience shop with excellent margins

What is the price plus stock and the net profit?
Total R1,200,000 including stock at R300,000

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FRANCHISE DETAILS

Aldes Active

1 members
18 active mandates
Gauteng
Postnet Suite 129, Post Box 92418
2117

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