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Annual turnover

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  • Mandate: 31778
  • Added: 18 Jan 2018
  • AFS
  • 866

Fabrics, Haberdashery and Curtaining Business

Gauteng, Johannesburg
866
Mandate 31778
Added 18 Jan 2018
R 2,600,000* ZAR
Stock: R 800,000
Assets: R 220,694
R 132,073 ZAR
Paul Fyfe
Aldes Masters
Gauteng
Summary

Well established Haberdashery and Curtaining Business for Sale

Fabrics, Haberdashery and Curtaining Business
SELLING PRICE AFS
R 2,600,000* ZAR
Stock: R800,000
Assets: R220,694
R 132,073 ZAR
Summary

Well established Haberdashery and Curtaining Business for Sale

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Fully describe the business's activities?
This is a Curtaining, Dance Fabric, Haberdashery, Cut Foam and related products business. They also attend vist, measure, advise and install for clients curtaining and blinds. They have a large range of the required brackets, joiners, pelmets, caps, tie backs etc on display.

How long has the business been established?
The owner established the business in 1996.

How long has the owner had the business?
The owner has had the business since inception.

How does the business operate on a daily basis?
Repeat and new customers come into the shop and request assistance with curtaining, fabrics blinds etc. The fitter in need visits the home and takes measurements. Brackets and stylings are selected, The curtains are made up and then installed.

How are the clients attracted to the business?
Located on busy road in a strip mall. Strong reputation, word of mouth and loyal repeat customers.

What Advertising/Marketing is carried out?
They utilise local papers and mainly social media and sms marketing to existing database.

Does the business have any contract work?
No.

What competition exists?
There is one other store in the area.

What are the seasonal trends?
Business is consistent throughout the year, However tends to peak in October to mid December.

Is the business VAT Registered?
Yes the business is vat registered

What VAT documentation is on file?
Vat documentation is available for due diligence.

Are there up-to-date Management Accounts available?
The 2017 Financials are available. The owner will also prepare current management accounts.

What Balance Sheet and Income Statements are available?
The 2017 Financials are available. The owner will also prepare current management accounts.

What percentage of the business is cash/credit?
70% of the business is credit card and 30% is cash.

What is the age analysis of the debtors book?
They only do cash sales - no credit.

How could the profitability of the business be improved?
Additional marketing, dance schools and housing complexes marketed for curtaining.

Is Seller finance available and for what amount?
No seller finance will be provided.

What is the payback period?
See mandated details.

What is the ROI?
See mandated details

Who is the bookkeeper/Accountant?
The name of the bookeeper will be supplied for due diligence.

What is the total staff complement?
3 staff members.

Give a breakdown of staff/ functions/ length of service?
1 in store, 1 representative/installer and 1 driver/installer. The owner works in the store.

Do any receive special perks or incentives?
No

Are they on contract?
Yes

Do any have management potential?
No

How involved is the Owner in running the business?
Full time in the store.

When does the current lease end?
The current lease ends June 2021.

Is there an option of renewal & what period?
5 year options was made available.

What is the annual escalation %?
10%

What are the trading hours?
Mon - Fri 9.00am - 5.00pm. Sat 9.00am - 13.00pm

What is the square meters of the business?
140 square metres.

Is a copy of the lease available?
Yes to qualified buyers.

Do you require a licence?
No license to trade is required.

What lease deposit and/or other surety is required?
1 month deposit and 1 month rental

What are the main assets of the business?
Fixtures, Fittings, Furniture and Stock.

Are any items not included in the sale?
Owners personal computer

What is their overall condition?
Excellent.

Do any require repairing?
No

How have they been valued ?
Owners valuation.

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

Strengths?
The business is very well situated in a good strip mall. They have excellent product offerings and provide top class service and installation.

Weaknesses?
None perceived. This has been a good business.

Opportunities?
Additional marketing, approach new dance studio regarding there range, housing developments and complexes.

Threats?
The business is directly linked to the economy.

What is the reason for the sale?
Owner immigrating.

Why is this a good business?
Good client base, well trained staff, good stock and good reputation in the marketplace. They also stock ice skaters range, dance groups hip hop etc.

What is the price plus stock and the net profit?
See mandated details. Stock is approximately R800 000.

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FRANCHISE DETAILS

Aldes Masters

2 members
14 active mandates
Gauteng
32 Third Rd, Bardene
1459

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