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  • Mandate: 32179
  • Added: 14 Jun 2018
  • AFS
  • 400

A well known franchised established supermarket in the Mpumulanga area

Mpumalanga, Highveld
400
Mandate 32179
Added 14 Jun 2018
R 12,900,000* ZAR
Stock: R 3,000,000
Assets: R 4,500,000
R 282,815 ZAR
Johan Mouton
Aldes Jacaranda
Gauteng, Centurion
Gauteng, Centurion
Summary

This well supported, Franchised supermarket is based in a popular platteland town and has been there over 25 years.

A  well known franchised established supermarket in the Mpumulanga area
SELLING PRICE AFS
R 12,900,000* ZAR
Stock: R3,000,000
Assets: R4,500,000
R 282,815 ZAR
Summary

This well supported, Franchised supermarket is based in a popular platteland town and has been there over 25 years.

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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?
None

Is the business VAT Registered?
Yes

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?
On request

What percentage of the business is cash/credit?
20/80%

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?
No

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?
No

Are they on contract?
Yes

Do any have management potential?
Current managers

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 %?
6% 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?
1100 sqm

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?
Good

How have they been valued ?
Owner provided us with a value.

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

Are they presently insured?
Yes

Strengths?
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.

Weaknesses?
This franchise needs a good local store marketing plan.

Opportunities?
The opportunity exits to add a bottle store

Threats?
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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FRANCHISE DETAILS

Aldes Jacaranda

3 members
30 active mandates
Gauteng , Centurion
5 Edenvilla 80 Cambridge Road Clubview Centurion 0157
Centurion
0181

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