Sectors / Category

Annual turnover

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  • Mandate: 32157
  • Added: 07 Jun 2018
  • AFS
  • 612

Profitable Bottle Store on Raisethorpe, Pietermaritzburg Main Road

KwaZulu-Natal, KwaZulu-Natal Midlands
612
Mandate 32157
Added 07 Jun 2018
R 995,000* ZAR
Stock: R 150,000
Assets: R 122,472
R 25,520 ZAR
Mike Smith CA
(PRINCIPAL)
Aldes Accolade
KwaZulu-Natal
KwaZulu-Natal
Summary

Established 1990, ideally situated, huge passing trade. Seller is relocating and PRICE REDUCED to R845k plus stock. Be the new owner for this Xmas and New Year Season.

Profitable Bottle Store on Raisethorpe, Pietermaritzburg Main Road
SELLING PRICE AFS
R 995,000* ZAR
Stock: R150,000
Assets: R122,472
R 25,520 ZAR
Summary

Established 1990, ideally situated, huge passing trade. Seller is relocating and PRICE REDUCED to R845k plus stock. Be the new owner for this Xmas and New Year Season.

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Fully describe the business's activities?
Fully licenced retail bottle store.

How long has the business been established?
The business has been established for 28 years.

How are the clients attracted to the business?
The bottle store is on a main road.

What Advertising/Marketing is carried out?
Advertising boards and posters supplied and installed by various suppliers.

What competition exists?
There are various competitors.

What are the seasonal trends?
Sales peak in Easter, Christmas and New Year.

Is the business VAT Registered?
The business is VAT registered.

What VAT documentation is on file?
Complete VAT documentation is available to pre-qualified buyers.

What Balance Sheet and Income Statements are available?
Financial Statements to 28 February 2018 are available to pre-qualified buyers.

How could the profitability of the business be improved?
By selling to local pubs and taverns and delivering to them.

Is Seller finance available and for what amount?
Seller finance is not available.

What is the total staff complement?
There are two staff.

How involved is the Owner in running the business?
The Owner is involved in daily checks, banking, ordering etc.

When does the current lease end?
The current lease ends October 2021, with a 5 year renewal thereafter.

What is the annual escalation %?
Annual escalation is 8.5%

What are the trading hours?
Monday to Friday: 8h00 to 20h00; Saturday 8h00 to 17h00 & Sunday 10h00 to 15h30.

Do you require a licence?
An annually renewable Liqour Licence is required, which is in place until 19 January 2019.

What are the main assets of the business?
Cold room, fridge, freezer, counter, shelves, till, CCTV system and generator.

What is their overall condition?
Overall the assets are in a good condition.

How have they been valued ?
The assets are in at depreciated value.

Strengths?
Business is long established, in very good location on the main road, and taxi route.

Weaknesses?
Owner is retiring. Business requires new energy.

Opportunities?
Turnover can be increased by selling and delivering to the various pubs and taverns in the area.

Threats?
General economy.

What is the reason for the sale?
The Owner is retiring.

Why is this a good business?
This is a well established business of 28 years, on a main road with lots of passing trade.

What is the price plus stock and the net profit?
The price is R 845 000, plus stock (estimated R150k), and for the year ended 28 February generated a net pre-tax profit of R306 241.

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FRANCHISE DETAILS

Aldes Accolade

2 members
17 active mandates
KwaZulu-Natal
15 St Michaels Road, Winterskloof
3245

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