Fully describe the business's activities?
Retailing Shark's memorabilia and clothing
How long has the business been established?
The business was established in 2008
How long has the owner had the business?
The owner established the business
How does the business operate on a daily basis?
Stock is purchased by the owner and merchandised in the store
How are the clients attracted to the business?
The store specialises in the memorabilia and clothing of the Shark's rugby team It is in an a high traffic location in a busy South Coast shopping mall
What Advertising/Marketing is carried out?
There is continuous media attention focused on the Sharks which attracts the attention of the general public and the Sharks fans in particular
Does the business have any contract work?
What competition exists?
There is no competition for this store on the KZN South Coast
What are the seasonal trends?
There are seasonal peaks around the Easter and Christmas holidays
Is the business VAT Registered?
The business is VAT registered as part of a holding company
What VAT documentation is on file?
The holding company has full VAT documentation
Are there up-to-date Management Accounts available?
Management accounts are available to a qualified buyer
What Balance Sheet and Income Statements are available?
Income statements are available
What percentage of the business is cash/credit?
the business is 100% cash
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
An owner / operator would reduce overheads and boost profitability
Is Seller finance available and for what amount?
Who is the bookkeeper/Accountant?
What is the total staff complement?
2 staff are employed
Give a breakdown of staff/ functions/ length of service?
Receiving, merchandising, stock control, administration, customer service, selling One manager with 1 year of service One assistant with 2 years of service
Do any receive special perks or incentives?
Less 20% on purchases Bonuses if store performance is good
Are they on contract?
Employees are on contract
Do any have management potential?
The manager has performed well
How involved is the Owner in running the business?
The owner is not involved operationally but he does have sound control systems to manage the business
When does the current lease end?
Is there an option of renewal & what period?
Yes. The lease can be renewed for 3 years
What is the annual escalation %?
What are the trading hours?
8am to 5pm
What is the square meters of the business?
54 square metres
Who is the Owner/Landlord?
Is a copy of the lease available?
The lease is available to a qualified buyer
Do you require a licence?
No license is required to operate the business
What lease deposit and/or other surety is required?
One month rent
What are the main assets of the business?
Shop fittings Stock Brand name Location
Are any items not included in the sale?
What is their overall condition?
Recently upgraded so excellent
Do any require repairing?
How have they been valued ?
R200 000 Invoices available
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
Powerful brand built on passion High traffic location
Margins squeezed due to number of staff employed
Owner / operator could reduce overheads Linkage of brand activity to store activity through social media
Lease being allocated to a competitor
What is the reason for the sale?
The owner wishes to retire to devote more time to his family and travel
Why is this a good business?
Broad awareness of the brand Passion and loyalty of brand supporters Excellent retail location
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