Fully describe the business's activities?
Retail in biltong, fruits and nuts. This is 3 single businesses being sold as 1. 2 shops in Bloemfontein, 1 in Welkom. Easy to run business and procedures are already in place as owner resides in Bloemfontein
How does the business operate on a daily basis?
Retail shops - there are staff in place at all 3 shops who open and close the stores. Owner does the ordering of stock per store, computor system in place which makes it easily accessible to him. Not many suppliers. Welkom is only 1 hour and 30minutes from Bloemfontein.
How are the clients attracted to the business?
Biltong, Jams, Olives, Olive oil and main lines for fruits and nuts. These shops specializes in fruits and nuts but the added on items from approved suppliers allows for a greater shopping basket.
What Advertising/Marketing is carried out?
National digital and magazine ads. You should do own regional marketing
What competition exists?
Supermarkets also supply many of these lines, yet they package themselves
What are the seasonal trends?
Retail seasons - shops differ. January slowest month and increases towards Dec
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
40% cash 60% card
What is the total staff complement?
1 Bloem store has 2 half day staff and the Welkom and Bloemfontein shops have 1 permanent each. Casual staff are employed to help on their weekends off.
Are they on contract?
How involved is the Owner in running the business?
100% He handles the cashflow, does the books and orders stock. It is not necessary for him to be physically present the whole time as he has procedures in place.
When does the current lease end?
All different times and have everything split on file
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
9h00 - 18h00
What is the square meters of the business?
Between 18 squares and 35 squares
What lease deposit and/or other surety is required?
All different amounts
What are the main assets of the business?
Basic furniture and fittings
Are any items not included in the sale?
Are they presently insured?
Low maintenance business with procedures already in place. Stock can be rotated between shops. Product shelf life is long.Monopoly in the Free State area
Travel to Welkom is only 160km, some could see this as a negative but it is not that far and a very profitable store to keep.
Wholesale. Main distributor will give a list of where they are not supplying directly and there is scope.
Supermarkets with their own fruit, nut and biltong lines
What is the reason for the sale?
Owner owns 6 stores and does not want to travel so much anymore
Why is this a good business?
This is a very low maintenance business which does not require you to be in the shops the whole day. There are 3 other stores that could be bought along with these 3 in the North West Province.
What is the price plus stock and the net profit?
Price R825 000 Stock R150 000 (could possibly be financed through main suppliers) Net Profit +_ R35 000
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