Sectors / Category

Annual turnover

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  • Mandate: 31846
  • Added: 23 Feb 2018
  • 1065

Established Christian Book Retailer, Gifts & Accessories

KwaZulu-Natal, North Coast
1065
Mandate 31846
Added 23 Feb 2018
R 1,650,000* ZAR
Stock: R 1,050,000
Assets: R 250,000
R 55,828 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Very well established business situated in a very busy shopping mall with a lot of foot traffic. Located in a prime spot the business has been running successfully since 2006. Shop is very well designed with an excellent mix of products available drawing a lot of attention to the store. Staffs are well trained with solid structures in place to ensure healthy Nett profits. Perfect opportunity for anyone that wants to take over a solid and established business.

SELLING PRICE
R 1,650,000* ZAR
Stock: R1,050,000
Assets: R250,000
R 55,828 ZAR
Summary

Very well established business situated in a very busy shopping mall with a lot of foot traffic. Located in a prime spot the business has been running successfully since 2006. Shop is very well designed with an excellent mix of products available drawing a lot of attention to the store. Staffs are well trained with solid structures in place to ensure healthy Nett profits. Perfect opportunity for anyone that wants to take over a solid and established business.

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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 client’s base over the years.

Does the business have any contract work?
None

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?
Yes

What VAT documentation is on file?
Up to date, available to buyers during due diligence stages.

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

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?
None

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?
None

Are they on contract?
Yes

Do any have management potential?
Already in place

How involved is the Owner in running the business?
100% commited

When does the current lease end?
April 2019

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 %?
8%

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?
86 sqm

Who is the Owner/Landlord?
JHI

Is a copy of the lease available?
Yes

Do you require a licence?
None

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?
Excellent 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?
NA

Will Seller settle or Buyer to take over?
NA

Are copies of agreements available?
NA

Are they presently insured?
Yes, fully comprehensive

Strengths?
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.

Weaknesses?
Business is owner run

Opportunities?
Opportunity for anyone that has a passion for people to take over a very well supported established business with good healthy Nett profits.

Threats?
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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FRANCHISE DETAILS

Aldes Zululand

2 members
31 active mandates
KwaZulu-Natal
28 Bronze Street
3880

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