Sectors / Category

Annual turnover

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  • Mandate: 32038
  • Added: 13 Apr 2018
  • AFS
  • 467

Coffee and Accessory Retailer in Pretoria

Gauteng, Pretoria
467
Mandate 32038
Added 13 Apr 2018
R 800,000* ZAR
Stock: R 300,000
Assets: R 260,000
R 35,000 ZAR
Frank Schrempel
(PRINCIPAL)
Aldes Orion
Gauteng, LynnwodRidge Pretoria
Gauteng, LynnwodRidge Pretoria
Summary

This beautiful business has a range from high-end machines, accessories and ceramics to compliment the connoisseur taste in world class teas and coffee they supply.

Coffee and Accessory Retailer in Pretoria
SELLING PRICE AFS
R 800,000* ZAR
Stock: R300,000
Assets: R260,000
R 35,000 ZAR
Summary

This beautiful business has a range from high-end machines, accessories and ceramics to compliment the connoisseur taste in world class teas and coffee they supply.

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Fully describe the business's activities?
This one of a kind business acts as a distributor for a well-known coffee and tea specialist. A wide range of coffee and tea related accessories such as coffee machines, stove-top espresso pots, ceramics and other specialized equipment is also sold.

How long has the business been established?
1999

How long has the owner had the business?
Second owner. Bought 4 years ago and now 1 year in current premises

How does the business operate on a daily basis?
Owner operated.

How are the clients attracted to the business?
Word of mouth Been established very long people knows about it and it is a destination shop.

What Advertising/Marketing is carried out?
Website.

Does the business have any contract work?
No

What competition exists?
Normal competition for the industry

What are the seasonal trends?
No visible trends

Is the business VAT Registered?
Yes

Are there up-to-date Management Accounts available?
Yes, owner will provide.

What Balance Sheet and Income Statements are available?
Yes, owner will provide

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

What is the age analysis of the debtors book?
None

How could the profitability of the business be improved?
Promote the business more, especially social media. Shrink the shop size to half the size as it is to big currently after the move. Introduce interaction with clients, like tasting and courses

Is Seller finance available and for what amount?
No Cash sale

What is the total staff complement?
No staff, owner managed.

How involved is the Owner in running the business?
Owner is hands-on

When does the current lease end?
2020

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
Negotiated a moratorium for 12 months

What are the trading hours?
Mon-Fri 09:00-19:00 Sat-Sun 09:00-17:00

What is the square meters of the business?
114m2

Do you require a licence?
No

What are the main assets of the business?
List is on file

Are any items not included in the sale?
Some personal items, i.e. a small wall clock that is a family heirloom

What is their overall condition?
Good

Do any require repairing?
No

Are they presently insured?
Yes

Strengths?
Established for a long time, Loyal client base One of a kind business Nice brands represented

Weaknesses?
High Rent Limited marketing & Social media drive

Opportunities?
More marketing Smaller space to reduce cost Coffee tastings can be offered

Threats?
None perceived

What is the reason for the sale?
Retirement and lifestyle change

Why is this a good business?
Specialized and classy coffee and accessories retailer. Coffee has become very popular and a culture of drinking nice coffee has become popular especially in the affluent areas where this is located

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FRANCHISE DETAILS

Aldes Orion

2 members
21 active mandates
Gauteng , LynnwodRidge Pretoria
108 Lynburn Rd, Lynnwood Manor
LynnwodRidge Pretoria
0081

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