Fully describe the business's activities?
Grocery store with a very large Butchery. The Butchery side is about 50% of the total turnover.
How long has the business been established?
Since 2011 7 Years
How long has the owner had the business?
The owner started the business
How does the business operate on a daily basis?
The owner does the day to day management. All the staff is in place from cashiers, supervisors, butchers, take away and the fruit and veg department.
How are the clients attracted to the business?
This business are operating for a couple of years now. They are established and well located.
What Advertising/Marketing is carried out?
no marketing is carried out.
Does the business have any contract work?
No contract work.
What competition exists?
The normal competition.
What are the seasonal trends?
There is no seasonal trends.
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Yes, there is
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
What is the age analysis of the debtors book?
There is no Debtors book
How could the profitability of the business be improved?
To give more attention on the take away side.
Is Seller finance available and for what amount?
This might be negotiable.
What is the total staff complement?
16 staff members
Give a breakdown of staff/ functions/ length of service?
5 Cashiers 3 supervisor 3 butchery department 2 fruit & veg department 2 take away department 1 cleaner
Do any receive special perks or incentives?
The Supervisors receives incentives.
Are they on contract?
Yes they are.
Do any have management potential?
Yes, the Supervisors
How involved is the Owner in running the business?
When does the current lease end?
the Land Lord is the Father of the Seller
Is there an option of renewal & what period?
Yes there is, this is negotiable
What is the annual escalation %?
This will be negotiable
What are the trading hours?
Monday - Saturday 08:00- 19:00 Sunday 09:00-14:00
Is a copy of the lease available?
Yes, there is
Do you require a licence?
What lease deposit and/or other surety is required?
Normally 2 months rent for a deposit.
What are the main assets of the business?
all equipment in the business
Are any items not included in the sale?
All items on the asset list are included.
What is their overall condition?
Very Good working condition.
Do any require repairing?
How have they been valued ?
Second hand value
Which assets are on lease/HP and with whom?
What are their settlement amounts?
This will be discussed.
Will Seller settle or Buyer to take over?
Seller will settle.
Are copies of agreements available?
Yes there is
Are they presently insured?
This is a established supermarket operating for 7 years making good profit. There is opportunities for improvement especially in the take away side.
This is long hours
To improve the takeaways to a new level.
What is the reason for the sale?
The seller wants to get involved in a business with better hours
Why is this a good business?
Well established business Good profit in this business There is room for improvement
What is the price plus stock and the net profit?
R2.9 mil incl stock
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