Fully describe the business's activities?
A modern digital photographic shop. Selling all brands of cameras, lenses and photographic accessories. Has printers for high quality photographic prints. It also has kiosks where customers can print their own photographs. The business also does photocopying, plan printing. Imagine online printing & Website Also sells binoculars, GPS, and offers many services.
How long has the business been established?
The current owner started the business 25 yeaqrs ago in the same centre.
How long has the owner had the business?
Business was established by the owner.
How does the business operate on a daily basis?
The owner and his wife are involved with the day tot day running of the store. However a well trained staff are always on hand to assist customers with any aspect of the business.
How are the clients attracted to the business?
The shop is very well positioned in a busy shopping mall. It is well established and relies on passing trade, ongoing customer support and word of mouth. Limited advertizing is undertaken in the local press.
What competition exists?
There are other stores that do present opposition to sales such as Incredible Connection. However they do not provide the full range of services nor the expertise of this business.
What are the seasonal trends?
Year end holidays are a high season.
Is the business VAT Registered?
The business is registered for Vat. Vat returns can be made available to approved buyers to verify turnover.
How could the profitability of the business be improved?
The new owner will find that interaction with customers on the sales counter will bring new business. The range of digital optic devices can be increased. New school photographer.
Give a breakdown of staff/ functions/ length of service?
The business employs 10 permanent staff & 4- 6 casua staff in various capacities. The longest service is about 25 years.
Are they on contract?
Do any have management potential?
There is management potential especially in the admin staff.
How involved is the Owner in running the business?
The owner runs that shop on a day to day basis. However the staff are capable of running the shop alone.
When does the current lease end?
The business has recently relocated into new premises within the center and a new lease is in place. This lease can be transfered. New owner will be required to eneter into a new lease agreement.
What are the trading hours?
Trading hours are from Monday - Fridays 9:00 - 18:00 Saturdays 9:00 - 16:00 Sundays 9:00 - 14:00
Is a copy of the lease available?
Do you require a licence?
What is their overall condition?
Do any require repairing?
On going service & maintainance in place
How have they been valued ?
At current market realted value
Are they presently insured?
Is a full asset list on file?
A full list of assets of the business are on file.
A very well established, profitable, business with a good service reputation. Very well known in the area.
No real weaknesses noticed.
A new owner, keen to interact with customers will find opportunities to improve profits.
The only threat to the business is the local economy. This is a luxury line business and is impacted by downturns in the economy. However these are usually short lived.
What is the reason for the sale?
The owner has been in the business a long time. He wants to relocate to closer to Durban for his retirement.
Why is this a good business?
This is a very profitable business. It has been running for a long time with well trained staff.
What is the asking price?
R1 550 000 excluding stock
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