Fully describe the business's activities?
Christian Book Retailer, Gifts & Accessories
How long has the business been established?
Since October 2006
How long has the owner had the business?
Owner established the business
How does the business operate on a daily basis?
The business is owner run; there are key staff members in place to assist with the management of the shop. Finances, orders & stock get controlled by the owners.
How are the clients attracted to the business?
Business is situated in a very well exposed position in a busy upmarket shopping centre. Store is very well designed catches the eye easily, lots of foot traffic. Been established in this prime spot since 2007 and has never been relocated.
What Advertising/Marketing is carried out?
Centre management along with the business hold promotions, Social media. Business has built up a strong clientâs base over the years.
Does the business have any contract work?
What competition exists?
There are other book store in the centre however does not have the personal interaction and feeling of this store. This store offers a welcome, personal & friendly vibe.
What are the seasonal trends?
Easter & Christmas holidays business peaks at the highest, Busy during school holidays. The turnover is constant throughout the rest of the year.
Is the business VAT Registered?
What VAT documentation is on file?
Up to date, available to buyers during due diligence stages.
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
Up to date
What percentage of the business is cash/credit?
35% Cash 65% Card
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
By targeting a specific market especially the black and English speaking market
Is Seller finance available and for what amount?
Depending on the structure of the transaction the sellers will consider a small percentage 10 - 15% over a short term 12 - 18 months
What is the total staff complement?
1 Owner & 3 Staff
Give a breakdown of staff/ functions/ length of service?
1 Owner, 1 Manager, 2 Sales Staff
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
Already in place
How involved is the Owner in running the business?
When does the current lease end?
Is there an option of renewal & what period?
Yes, new owner will be awarded a 5 year lease with an option for renewal.
What is the annual escalation %?
What are the trading hours?
Mondays - Thursdays 9am - 6pm, Fridays 9am - 5pm, Saturdays 9am - 5pm, Sundays 10am - 3pm
What is the square meters of the business?
Who is the Owner/Landlord?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
2 Months rental
What are the main assets of the business?
Furniture, fittings & display units. Stock & Staff
Are any items not included in the sale?
All included as per assets list, available to serious enquiries.
What is their overall condition?
Do any require repairing?
None requires repairing, all very well maintained
How have they been valued ?
Current market related values.
Which assets are on lease/HP and with whom?
None all paid for cash
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
Yes, fully comprehensive
Business is situated in a prime spot in a busy upmarket shopping centre. Very well exposed, a very attractive shop front that catches the eye. Been established for 12 years and has never been relocated. Warm friendly staff that are well trained in all areas, systems and structures in place.
Business is owner run
Opportunity for anyone that has a passion for people to take over a very well supported established business with good healthy Nett profits.
Economical pressure might affect the performance of the business.
What is the reason for the sale?
Owners had the business for 12 years and looking at down scaling for retirement.
Why is this a good business?
Established, welll exposed, prime spot, well supported, well known, good nett profits.
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Annual Turnover Amount between R 500 thousand and R 6 million