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Annual turnover

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  • Mandate: 31627
  • Added: 16 Jan 2018
  • AFS
  • 1321

Well Established Butchery with Contracts

Western Cape, Garden Route
1321
Mandate 31627
Added 16 Jan 2018
R 6,990,000* ZAR
Stock: R 500,000
Assets: R 1,803,096
R 118,552 ZAR
Corne Booyens
Aldes Pinnacle
Western Cape
Western Cape
Summary

This highly profitable butchery has been in the same family for 27 years. They have long standing contracts to deliver meat in town and the surrounding areas. They are well-known with an excellent reputation.

Well Established Butchery with Contracts
SELLING PRICE AFS
R 6,990,000* ZAR
Stock: R500,000
Assets: R1,803,096
R 118,552 ZAR
Summary

This highly profitable butchery has been in the same family for 27 years. They have long standing contracts to deliver meat in town and the surrounding areas. They are well-known with an excellent reputation.

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Fully describe the business's activities?
This butchery sells to the general public but they also have a lot of wholesale clients - they supply to hospitals, hostels, old age homes, USave and so on. They also deliver to most towns in the Garden Route. Especially over holiday periods they can get very busy with deliveries. The butchery is very well appointed, spacious and well designed.

How long has the business been established?
The owner's father established the business in 1990.

How does the business operate on a daily basis?
They have a strong team in place, the owner is hands on and works from an office on the premises. The staff is well trained and able to handle the day-to-day activities of the butchery. The owner negotiates good purchase prices and this ensures that they are extremely competitive in the market

How are the clients attracted to the business?
The business is very well known in town for quality and good service. They have an excellent reputation

Does the business have any contract work?
They have a lot of repeat orders such as the hostels. They tender for the hospital contracts every six months.

What competition exists?
No real competition in town and in the surrounding areas they have the best prices by far.

What are the seasonal trends?
When the hostels and other institutions are empty over holiday periods sales to holiday makers that frequent the Garden Route coastal towns increases.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All that is required

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

What Balance Sheet and Income Statements are available?
February 2017

What percentage of the business is cash/credit?
Forty percent cash. The rest is on account

What is the age analysis of the debtors book?
30 - 60 days.

Is Seller finance available and for what amount?
No

What is the total staff complement?
Thirty (30)

Give a breakdown of staff/ functions/ length of service?
3 Cashiers 3 Blokmanne 7 General Workers (cut and carry meat/ boxes etc) 6 Cleaners/General workers 1 Sausage maker 7 Sales ladies 3 Drivers with assistant

Do any receive special perks or incentives?
No

Are they on contract?
Yes

Do any have management potential?
Yes

How involved is the Owner in running the business?
The owner is involved on a daily basis.

When does the current lease end?
The owner owns the building. They will be willing to lease the premises for up to five years renewable.

What is the annual escalation %?
Six percent

What are the trading hours?
Monday to Friday 5:00 - 17:00 Saturdays 6:00- 13:00

What are the main assets of the business?
Fridges, meat processing equipment, truck, transport vehicles

Are any items not included in the sale?
No

What is their overall condition?
Very good they did a total shop refurbishment 3 years ago.

Do any require repairing?
No - normal repairs and maintenance is done regularly

How have they been valued ?
Owner valued

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

Are they presently insured?
Yes

Strengths?
This butchery has been established 27 years ago. They have contracts in place, limited competition and are able to procure the meat at wholesale prices that enables them to compete with any wholesaler. They are centrally located with a lot of growth potential still to be achieved.

Weaknesses?
The owner is very busy with varied business activities that is occupying his time.

Opportunities?
The new owner will be able to give focused attention to the butchery and will as a result be able to expand the butchery to its full potential.

Threats?
None that can be seen

What is the reason for the sale?
The owner has to many business activities ongoing and would like to scale down.

Why is this a good business?
The business is highly successful in a picturesque town in the garden route. They have an excellent reputation, have been established for 27 years and have stable contracts in place.

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FRANCHISE DETAILS

Aldes Pinnacle

2 members
16 active mandates
Western Cape
8 Malva Street
6670

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