Fully describe the business's activities?
Retail shop selling cards and gifts in a busy mall on the west rand
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Passing trade and advertising on special occasions
How are the clients attracted to the business?
Does the business have any contract work?
What competition exists?
Cards and gifts are also sold by supermarkets
What are the seasonal trends?
Valentines day, Xmast is busy times
Are there up-to-date Management Accounts available?
Yes will be discussed with serious buyers only
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
New owner and new ideas as well as marketing will improve profitability
Is Seller finance available and for what amount?
What is the payback period?
What is the ROI?
What is the total staff complement?
1 staff and the owner
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?
100% on daily basis
When does the current lease end?
Needs to be reniwed
Is there an option of renewal & what period?
Yes 3 Years
What are the trading hours?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
To be discussed with landlord
What are the main assets of the business?
Shop fittings and POS
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
Are they presently insured?
Shop is situated in a busy mall
Business is affected by economy
Establish one as a niche market.
Supermarkets selling cards and gifts
What is the reason for the sale?
Owner wants to retire
Why is this a good business?
Very well priced business in a busy mall.
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