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  • Mandate: 30188
  • Added: 30 Apr 2018
  • AFS
  • 603

Profitable, Neat, Well Positioned And Established Biltong Shop In Centurion

Gauteng, Pretoria
603
Mandate 30188
Added 30 Apr 2018
R 550,000* ZAR
Stock: R 250,000
Assets: R 100,000
R 36,782 ZAR
Johan Mouton
Aldes Jacaranda
Gauteng, Centurion
Gauteng, Centurion
Summary

Profitable, neat, well positioned and established Biltong Shop in a well known shopping centre in Centurion with a well established client base.

Profitable, Neat, Well Positioned And Established Biltong Shop In Centurion
SELLING PRICE AFS
R 550,000* ZAR
Stock: R250,000
Assets: R100,000
R 36,782 ZAR
Summary

Profitable, neat, well positioned and established Biltong Shop in a well known shopping centre in Centurion with a well established client base.

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Fully describe the business's activities?
This is a neat, well positioned biltong shop in a well-known shopping Mall. It is one of the neatest biltong shops I have seen and offers the clients a variety of products. Visiting shoppers walk right past the shop. It is up to the new owner to tap into this client base. The product quality and position are there. Add a bit of marketing flair to turn this into a great opportunity. Please Note; The buyer will have to sit in the business for a week to do a Due diligence in order to confirm all income and experiences numbers.

How long has the business been established?
15 years in the current premises

How long has the owner had the business?
The current owner manages the business since 2001

How does the business operate on a daily basis?
The owner manages the business on a fulltime bases daily.

How are the clients attracted to the business?
Word of mouth. The business has an established client base that has been established for the last 15 years

What Advertising/Marketing is carried out?
No marketing is done.

Does the business have any contract work?
No, but longstanding regular clients

What competition exists?
None that the seller knows of.

What are the seasonal trends?
Winter months show a trend that they sell more biltong.

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
The information can be verified by working with the seller.

What Balance Sheet and Income Statements are available?
All relevant information to prove income and expenditures can be provided. The potential buyer well have to sit with the seller to confirm sales ,expenses and profits.

What percentage of the business is cash/credit?
100%

What is the age analysis of the debtors book?
None

How could the profitability of the business be improved?
More marketing and product range expansion.

Is Seller finance available and for what amount?
No

What is the total staff complement?
1 staff members.

Give a breakdown of staff/ functions/ length of service?
The one staff member comes in 3 time a week to clean the shop

Do any receive special perks or incentives?
None

Are they on contract?
No

Do any have management potential?
No

How involved is the Owner in running the business?
Owner spends most of his days in the shop. He has nothing else to do but the shop keeps him busy.

When does the current lease end?
2 years Left

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

What is the annual escalation %?
Normal 10% escalations.

What are the trading hours?
09:00 - 19:00 Mon to Fri 09:00 - 17:00 Sat and Sun

What is the square meters of the business?
±20m²

Is a copy of the lease available?
Yes

Do you require a licence?
Only a trade license and health certificate

Are any items not included in the sale?
Seller will take nothing out. (Lock stock and barrel).

What is their overall condition?
Excellent

Do any require repairing?
Seller will take nothing out. (Lock stock and barrel).

How have they been valued ?
Fair market / Replacement value

Which assets are on lease/HP and with whom?
None

Are they presently insured?
Yes

Strengths?
Position, Ease Of Operation. Well located with good turn overs and good rental contracts.

Weaknesses?
Not enough marketing.

Opportunities?
With more owner management involvement profits can be increased With a good marketing plan this business can show good growth?

Threats?
None identified.

What is the reason for the sale?
The current owner is at retirement age.

Why is this a good business?
Very good business, easy to run.

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FRANCHISE DETAILS

Aldes Jacaranda

2 members
29 active mandates
Gauteng , Centurion
5 Edenvilla 80 Cambridge Road Clubview Centurion 0157
Centurion
0181

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