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?
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?
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?
Does the business have any contract work?
What competition exists?
Normal competition for the industry
What are the seasonal trends?
No visible trends
Is the business VAT Registered?
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?
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?
Is there an option of renewal & what period?
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?
Do you require a licence?
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?
Do any require repairing?
Are they presently insured?
Established for a long time, Loyal client base One of a kind business Nice brands represented
High Rent Limited marketing & Social media drive
More marketing Smaller space to reduce cost Coffee tastings can be offered
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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Annual Turnover Amount between R 500 thousand and R 6 million