Fully describe the business's activities?
It is a signage, courier and general business service (copy, printing, binding, emailing) provider. This is the only business of this nature in the Baywest Shopping Mall.
How long has the business been established?
Since the Mall openned in 2016.
How long has the owner had the business?
Since the Mall opened.
How does the business operate on a daily basis?
Open to public 9am to 7pm on a daily basis. First shift comes in at 8am to 4pm, second shift vomes in at 11am to 7pm.
How are the clients attracted to the business?
By providing an excellent service to customers resulting in word to mouth advertising. Impressive web site, brochures and flyers frequently circulated in the Mall. It is the only business of this nature in the Mall
What Advertising/Marketing is carried out?
Marketing and advertising via the franchise, the mall management, web site flyers and brochures.
Does the business have any contract work?
No contract work.
What competition exists?
No competition presently in the Mall
What are the seasonal trends?
Sumer months expected to be busier
Is the business VAT Registered?
An application for VAT registration has been filed.
Are there up-to-date Management Accounts available?
Yes, up to date Management Accounts are avaiable.
What Balance Sheet and Income Statements are available?
Non available yet as this is the first year of trading.
What percentage of the business is cash/credit?
Al business is on cash basis.
How could the profitability of the business be improved?
This business has been profitable since the day it opened.The Mall is getting busier and busier and phase 2 of the development (office blocks, security Complexes) are expected to develop in the foreseeable future which will bring additional business to the Mall.
Is Seller finance available and for what amount?
Sellers wishes to emigrate and cannot offer financial assistance.
What is the total staff complement?
The present staff compliment is: 2 permanent staff members and 3 part time attendants.
Give a breakdown of staff/ functions/ length of service?
The permanent staff were appointed in October 2016 and the temps were appointed in March 2017, May 2017,June 2017
Do any receive special perks or incentives?
no perks or incentives offered at this stage.
Are they on contract?
All staff are on contract.
Do any have management potential?
The one permanent employee is showing great leadership skills but has not been appointed as a supervisor or manager yet.
How involved is the Owner in running the business?
When does the current lease end?
The current lease runs from 1October 2016 to 30 September 2019.
Is there an option of renewal & what period?
An option to renew for three years from the expiry date.
What is the annual escalation %?
An annual escalation of 8% in rental increase.
What are the trading hours?
The trading hours is from 9am to 7pm
What is the square meters of the business?
Is a copy of the lease available?
Yes, a copy is available.
Do you require a licence?
No license required.
What lease deposit and/or other surety is required?
a Rental Deposit of R52 402.65 is required by means of EFT payment or bank Guarentee and a 3*monthly electrciity deposit is payable via EFT.
What are the main assets of the business?
The main assets are copiers, printers, computers etc as per the list of assets which is available.
Are any items not included in the sale?
All items on the list are included in the sale.
What is their overall condition?
All Equipment is brand new.
Do any require repairing?
No repairs required.
How have they been valued ?
Valued at cost price.
Which assets are on lease/HP and with whom?
A zerox Colour printer is still subject to a 60 month lease agreement. The monthly payment is R4 944and includes service and guarentees.
Will Seller settle or Buyer to take over?
Buyer to take over the instalment.
Are copies of agreements available?
a copy of the agreement is on file.
Are they presently insured?
All assets, equipment and stock are insured.
This is a well established brand, the only copy and print business in the mall and has been profitable since its first month of operation. Well managed and staff recruitment has been done in a professional manner.
Numerous other Copy and Print businesses in PE and can be described as competitive industry.
A great opportunity to establish a market in the mall alone which should be sustainable for the continuous existence of the business
There are no threats to the business.
What is the reason for the sale?
The owner wishes to emigrate.
Why is this a good business?
This business is a member of an established franchise, well branded and profitable from the month of openning. The Mall is still in its growing phase, and phase two and three (Office parks, security complexes) will bring additional business to the mall.
What is the price plus stock and the net profit?
To be advised.
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