Fully describe the business's activities?
Decor Franchise bringing a new look and feel to the home decorative products market. Specialises in PVC ceilings and a wide range of home decorative products. They stock a wide range of 3D wall art, dado- and curtain rails, blinds, flooring and the recently launched bathroomware line.
How long has the business been established?
The owner established the business 14 months ago
How does the business operate on a daily basis?
the business operates very good
How are the clients attracted to the business?
The clients are very attracted to the business, because of the wide range they have
What Advertising/Marketing is carried out?
Flyers, Facebook and Website
What competition exists?
Is the business VAT Registered?
What VAT documentation is on file?
All the documentation is on file
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
How could the profitability of the business be improved?
The owner must be more invloved and by doing that the montly salaries can drop a futher 10K a month
What is the ROI?
What is the total staff complement?
2 store Managers 2 sales persons
Do any receive special perks or incentives?
1% commission on sales
Are they on contract?
Do any have management potential?
Yes, currently there are 2 managers
How involved is the Owner in running the business?
When does the current lease end?
Is there an option of renewal & what period?
Yes there are an option for renewal. A new lease amount was negotiated in December 2017 which means there is a futher cut of 10K per month on the rent.
What is the annual escalation %?
What are the trading hours?
8:00 to 17:00
What is the square meters of the business?
Who is the Owner/Landlord?
Lessor - Moolman Group
Is a copy of the lease available?
What are the main assets of the business?
Stock will be the main asset of the business
What is their overall condition?
The stock are in excellent condition
Do any require repairing?
How have they been valued ?
Stock, Franchise value an turnover
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
A very good product at a good price
Very good opportunity with a proffesional approach
What is the reason for the sale?
Relocation - and therefore can no longer effectively manage the store. However the store requires minimal input and and has been under management of the "store manager"
Why is this a good business?
Its a good product at a good price
Annual Turnover Amount between R 500 thousand and R 6 million