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?
No

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?
N/A

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?
No

Who is the bookkeeper/Accountant?
Ranjay Sewpursadh

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?
April 2018

Is there an option of renewal & what period?
Yes. The lease can be renewed for 3 years

What is the annual escalation %?
8%

What are the trading hours?
8am to 5pm

What is the square meters of the business?
54 square metres

Who is the Owner/Landlord?
Sanlam Properties

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?
nil

What is their overall condition?
Recently upgraded so excellent

Do any require repairing?
No

How have they been valued ?
R200 000 Invoices available

Which assets are on lease/HP and with whom?
Nil

What are their settlement amounts?
N/A

Will Seller settle or Buyer to take over?
N/A

Are copies of agreements available?
N/A

Are they presently insured?
Yes

Strengths?
Powerful brand built on passion High traffic location

Weaknesses?
Margins squeezed due to number of staff employed

Opportunities?
Owner / operator could reduce overheads Linkage of brand activity to store activity through social media

Threats?
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?
R120 000