Sectors / Category

Annual turnover

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  • Mandate: 31888
  • Added: 27 Feb 2018
  • 850

Surf & Beach Retailer, Clothing, Shoes & Accessories

KwaZulu-Natal, North Coast
850
Mandate 31888
Added 27 Feb 2018
R 360,000* ZAR
Stock: R 300,000
Assets: R 60,000
R 5,275 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Situated at busy entrance of a upmarket busy mall, shop very welll exposed on a prime location. Shop front, fitting and displays are well set out drawing alot of attention from the walk by traffic. Situated in a holiday and coastal town, service and product offering in demand. Staff are well trained, buisness established and well stocked. Easy business to run.

Surf & Beach Retailer, Clothing, Shoes & Accessories
SELLING PRICE
R 360,000* ZAR
Stock: R300,000
Assets: R60,000
R 5,275 ZAR
Summary

Situated at busy entrance of a upmarket busy mall, shop very welll exposed on a prime location. Shop front, fitting and displays are well set out drawing alot of attention from the walk by traffic. Situated in a holiday and coastal town, service and product offering in demand. Staff are well trained, buisness established and well stocked. Easy business to run.

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Fully describe the business's activities?
Retail shop - Surf clothing, shoes & accessories

How long has the business been established?
Established since 2016

How long has the owner had the business?
Established by owner

How does the business operate on a daily basis?
Staff in place that currently opens and closes the business, Owner manages the finances, manages stock & places orders.

How are the clients attracted to the business?
A strong following on social media, situated on busy entrance of upmarket mall, shop front well designed and displayed, situated in a coastal town, demand for beachwear

What Advertising/Marketing is carried out?
In store product promotions, discounts on selected items & following on social media.

Does the business have any contract work?
None

What competition exists?
There are no other surf clothing outlets in the shopping center.

What are the seasonal trends?
December is the busiest month, school holidays specifically Easter is busy. Business is constant throughout the rest of the year.

Is the business VAT Registered?
Business is run as a sole proprietor; owner is registered for VAT due to other business interest.

What VAT documentation is on file?
Not Applicable

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

What Balance Sheet and Income Statements are available?
Up to date

What percentage of the business is cash/credit?
70% Card & 30% Cash

What is the age analysis of the debtors book?
None

How could the profitability of the business be improved?
Direct marketing to the public, brand promotional awareness, better stock control, stocking surfboards & skateboards.

Is Seller finance available and for what amount?
Seller will consider a small percentage 10% - 15% over a short term 6 - 12 months.

What is the payback period?
TBA

What is the ROI?
TBA

Who is the bookkeeper/Accountant?
C.K. Accounting

What is the total staff complement?
2 Staff & 1 Owner

Give a breakdown of staff/ functions/ length of service?
2 Sales ladies

Do any receive special perks or incentives?
None

Are they on contract?
Yes

Do any have management potential?
In place already

How involved is the Owner in running the business?
10% committed to this business time wise.

When does the current lease end?
October 2016

Is there an option of renewal & what period?
Option in place for a further 3 years.

What is the annual escalation %?
8 %

What are the trading hours?
Mon - Thurs 9am - 6pm, Fri 9am - 7pm, Sat 9am - 5pm, Sun 9am 3pm

What is the square meters of the business?
52 sqm

Who is the Owner/Landlord?
J.H.I.

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?
Shop fittings, shelving, display units, POS & stock

Are any items not included in the sale?
All included as per assets list.

What is their overall condition?
Exellent

Do any require repairing?
All in well maintained good working order.

How have they been valued ?
Current market related values.

Which assets are on lease/HP and with whom?
None, some display units on consignment.

What are their settlement amounts?
All paid for cash.

Will Seller settle or Buyer to take over?
NA

Are copies of agreements available?
NA

Are they presently insured?
Yes full comprehensive insurance in place.

Strengths?
Business situated in busy entrance in upmarket shopping mall, very well exposed & visible, well designed shop front and layout, situated in coastal town with lots of outdoor activities, staff well trained, beachwear in demand.

Weaknesses?
Better stock control.

Opportunities?
Promotional work creating more Nett profits, create better awareness to the local market by direct marketing, opportunity to take over established easy to run business.

Threats?
Economical pressure.

What is the reason for the sale?
Owner has other primary business interest, cannot devout time necessary for this business, decided to place the business on the market.

Why is this a good business?
Established, prime spot, huge walk by traffic, well exposed, product in demand, situated in a coastal town.

What is the price plus stock and the net profit?
TBA

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FRANCHISE DETAILS

Aldes Zululand

1 members
27 active mandates
KwaZulu-Natal
28 Bronze Street
3880

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