Fully describe the business's activities?
This Pet and vet shop sells Pet products,prevention medical ,Pet Toys,Birds,pet food and pet care products. They are based in a well established suburb in a shopping center that was recently revamp.
How long has the business been established?
The business was established in 2013
How long has the owner had the business?
the current owner bought the business in 2016
How does the business operate on a daily basis?
The business have a established client based that purchase their products and service on a regular base. They stock a well known up market product range. This is a easy to manage business.
How are the clients attracted to the business?
By word of mouth
What Advertising/Marketing is carried out?
Does the business have any contract work?
What competition exists?
Their is some competition bat do not sell pet care products
What are the seasonal trends?
No trend could be perceived
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Yes for 12 Months ending August 2019
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
Mostly card transactions . 20/80%
What is the age analysis of the debtors book?
None. A cash business
How could the profitability of the business be improved?
A good local store marketing Plan need to be Put in place
Is Seller finance available and for what amount?
What is the payback period?
What is the total staff complement?
You need only Two staff members. They have one and the owner
Give a breakdown of staff/ functions/ length of service?
Only a cashier
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
When does the current lease end?
Leas end in 2020
Is there an option of renewal & what period?
Yes for a other 3 years
What is the annual escalation %?
What are the trading hours?
Trading Hours from 9h00 to 18h00
What is the square meters of the business?
Who is the Owner/Landlord?
Is a copy of the lease available?
Yes on request
Do you require a licence?
What lease deposit and/or other surety is required?
What are the main assets of the business?
Shopfitting and stock
Are any items not included in the sale?
What is their overall condition?
very well maintained
Do any require repairing?
How have they been valued ?
According to the financial statements
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
A well establish business with a good support from the local community. The business have a established client base and is based in a newly revamp shopping center.
The business needs a good local store marketing plan.
Growth opportunities with a establishment of a doggy wash will increase turn over.
What is the reason for the sale?
The owner wants to put more time into other business interest.
Why is this a good business?
Good business that show good profits
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Annual Turnover Amount between R 500 thousand and R 6 million