Fully describe the business's activities?
This business is a well known franchise branded super market, located at the entrance to this popular town. It has a good established client base and is well supported by the local community.
How long has the business been established?
This business was established in 1984
How long has the owner had the business?
The owners have had this Business since 1984
How does the business operate on a daily basis?
This franchise is owner managed. It services walk in clients, selling popular products. The business also has a Butchery , bakery and a deli that sells cooked meals
How are the clients attracted to the business?
The business is located on the main entrance of the town and is clearly visible with ample parking.
What Advertising/Marketing is carried out?
The Brand holder does most advertising/marketing, however local store marketing is done via social media and local news paper.
What competition exists?
All major brands are in town.
What are the seasonal trends?
Is the business VAT Registered?
What VAT documentation is on file?
Will be supplied to a buyer on request
Are there up-to-date Management Accounts available?
In the process of finalization. We have the owners management statement on file.
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
How could the profitability of the business be improved?
By adding a liquor store will improve profits.
Is Seller finance available and for what amount?
What is the total staff complement?
There is a Staff compliment 33.
Give a breakdown of staff/ functions/ length of service?
Mangers x 2; Butchery x 6; Deli x 6; Bakery x 4; Cleaning, Casuals, the rest consisting of Packers and Cashiers
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
The owner is involved on a daily basis
When does the current lease end?
Current lease ends in 5 years - 2022
Is there an option of renewal & what period?
Yes with option of renewal for 5 years.
What is the annual escalation %?
What are the trading hours?
From Monday to Saturday from 7h00 to 19h00 Sunday from 7h00 to 14h00
What is the square meters of the business?
Is a copy of the lease available?
yes on request
Do you require a licence?
Only a business licence.
What are the main assets of the business?
Stock as well as shop equipment and fittings
Are any items not included in the sale?
No - all is included
What is their overall condition?
How have they been valued ?
Owner provided us with a value.
Which assets are on lease/HP and with whom?
Are they presently insured?
This well known supermarket franchise was established in 1984. It is well known and well supported by the local community. It is situated in prime location.
This franchise needs a good local store marketing plan.
The opportunity exits to add a bottle store
Mostly economic factors.
What is the reason for the sale?
The owner would like to retire.
Why is this a good business?
Well known Franchised brand. Well established and well supported by the local community. Good rental and profits are shown.
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