Sectors / Category

Annual turnover

|
  • Mandate: 31760
  • Added: 19 Jan 2018
  • AFS
  • 590

Decor Franchise

Limpopo, Polokwane
590
Mandate 31760
Added 19 Jan 2018
R 550,000* ZAR
Stock: R 450,000
Assets: R 565,925
R 22,480 ZAR
Aldes Head Office
Aldes Head Office
Gauteng
Summary

A proudly South African owned company bringing a new look and feel to the home decorative products market. Specialises in PVC Ceilings and a wide range of home decorative products.

Decor Franchise
SELLING PRICE AFS
R 550,000* ZAR
Stock: R450,000
Assets: R565,925
R 22,480 ZAR
Summary

A proudly South African owned company bringing a new look and feel to the home decorative products market. Specialises in PVC Ceilings and a wide range of home decorative products.

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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?
Woodcorner

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All the documentation is on file

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

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

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?
35%

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?
NO

Do any have management potential?
Yes, currently there are 2 managers

How involved is the Owner in running the business?
70%

When does the current lease end?
2023

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 %?
10%

What are the trading hours?
8:00 to 17:00

What is the square meters of the business?
260

Who is the Owner/Landlord?
Lessor - Moolman Group

Is a copy of the lease available?
Yes

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?
No

How have they been valued ?
Stock, Franchise value an turnover

Will Seller settle or Buyer to take over?
Buyer

Are copies of agreements available?
Yes

Are they presently insured?
Yes

Strengths?
A very good product at a good price

Opportunities?
Very good opportunity with a proffesional approach

Threats?
Competition

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

Other listings by Aldes
FRANCHISE DETAILS

Aldes Head Office

2 members
7 active mandates
Gauteng
282 Fremontia Street
0040

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