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Annual turnover

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  • Mandate: 32082
  • Added: 26 Apr 2018
  • AFS
  • 555

Established Computer Retail Sales and Service

Gauteng, Johannesburg
555
Mandate 32082
Added 26 Apr 2018
R 995,000* ZAR
Stock: R 450,000
Assets: R 110,000
R 53,544 ZAR
Stan Moran
(PRINCIPAL)
Aldes Ace
Gauteng
Summary

Well located retail computer store established for 13 years, with regular customers and repeat business. Small staff and controlled overheads. Business comprises new hardware, upgrades, repairs and peripheral computer equipment.

SELLING PRICE AFS
R 995,000* ZAR
Stock: R450,000
Assets: R110,000
R 53,544 ZAR
Summary

Well located retail computer store established for 13 years, with regular customers and repeat business. Small staff and controlled overheads. Business comprises new hardware, upgrades, repairs and peripheral computer equipment.

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Fully describe the business's activities?
Retail computer store supplying all hardware and with workshop for repairs

How long has the business been established?
13 years

How long has the owner had the business?
4 years

How does the business operate on a daily basis?
Located in a shopping centre, the store opens at 9 am and assists walk in customers and telephone emquiries

How are the clients attracted to the business?
Located at the main entrance to a shopping centre, it is highly visible and has been in business for many years, so customers know where to find them. There is also a Website and Facebook page.

What Advertising/Marketing is carried out?
Facebook marketing and print media.

Does the business have any contract work?
No

What competition exists?
None locally. Only shop in the area.

What are the seasonal trends?
Steady throughout but quieter over December

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Yes

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
Audited accounts to December 2016 and management accounts to Dec 2017

What percentage of the business is cash/credit?
All cash or card, no accounts

What is the age analysis of the debtors book?
N/A

How could the profitability of the business be improved?
Implement on site call outs to repair office or home computers.

Is Seller finance available and for what amount?
No

What is the payback period?
18 Months

What is the ROI?
Approx 65 %

What is the total staff complement?
3 excluding the owners

Give a breakdown of staff/ functions/ length of service?
1 salesman 2 technicians

Do any receive special perks or incentives?
No

Are they on contract?
No

Do any have management potential?
Yes one has management potential

How involved is the Owner in running the business?
Owner is at the shop every day and wife helps with admin.

When does the current lease end?
Leas has expired and is now being negotiated for new lease

Is there an option of renewal & what period?
Yes for 3 years

What is the annual escalation %?
10%

What are the trading hours?
Mon to Fri 9 am to 5.30 pm Sat 9 am to 1,30 pm

What is the square meters of the business?
91 sqm

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
Deposit was R16000

What are the main assets of the business?
Motor vehicle for deliveries

Are any items not included in the sale?
No

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
Book value

Which assets are on lease/HP and with whom?
None

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?
Well established for over 13 years. Only computer retailer in the area. Well run and profitable business, well priced

Weaknesses?
None perceived, subject to usual economic challenges

Opportunities?
Offer outside service and repairs. Other service options could be considered.

Threats?
None

What is the reason for the sale?
Relocation to the coast

Why is this a good business?
Well established offering good ROI and excellent reputation

What is the price plus stock and the net profit?
Price is R545,000 plus stock at cost R450,000 with adjusted Net Profit of R642,000. This is priced as a going concern, Zero rated for VAT to a registered VAT vendor

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FRANCHISE DETAILS

Aldes Ace

1 members
11 active mandates
Gauteng
6 Nightingale Road, Atlasville
1459

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