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?
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?
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?
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?
What is the ROI?
Who is the bookkeeper/Accountant?
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?
Are they on contract?
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?
Is there an option of renewal & what period?
Option in place for a further 3 years.
What is the annual escalation %?
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?
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?
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?
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?
Are copies of agreements available?
Are they presently insured?
Yes full comprehensive insurance in place.
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.
Better stock control.
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.
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?
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Annual Turnover Amount between R 500 thousand and R 6 million