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Annual turnover

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  • Mandate: 32271
  • Added: 03 Aug 2018
  • AFS
  • 265

WELL ESTABLISHED HEALTH SHOP IN GREAT UPMARKET AREA

Western Cape, Cape Town
265
Mandate 32271
Added 03 Aug 2018
R 580,000* ZAR
Stock: R 350,000
Assets: R 30,000
R 19,663 ZAR
Chris Ferguson
(PRINCIPAL)
Aldes Infinity
Western Cape, Cape town
Western Cape, Cape town
Summary

SMALL HEALTH SHOP IN UPMARKET AREA, WELL ESTABLISHED IN THE COMMUNITY AND VERY EASY TO RUN. THIS SHOP HAS BEEN COMMITTED TO QUALITY SERVICE AND SEEKS A BUYER WANTING TO MAINTAIN THE GOOD REPUTATION THE SHOP HOLDS IN THE COMMUNITY FOR THE PAST 16 YEARS.

WELL ESTABLISHED HEALTH SHOP IN GREAT UPMARKET AREA
SELLING PRICE AFS
R 580,000* ZAR
Stock: R350,000
Assets: R30,000
R 19,663 ZAR
Summary

SMALL HEALTH SHOP IN UPMARKET AREA, WELL ESTABLISHED IN THE COMMUNITY AND VERY EASY TO RUN. THIS SHOP HAS BEEN COMMITTED TO QUALITY SERVICE AND SEEKS A BUYER WANTING TO MAINTAIN THE GOOD REPUTATION THE SHOP HOLDS IN THE COMMUNITY FOR THE PAST 16 YEARS.

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Fully describe the business's activities?
Health and Wellness Store focusing on suppliments

How long has the business been established?
16 years

How long has the owner had the business?
6 years

How does the business operate on a daily basis?
Owner run with casual support

How are the clients attracted to the business?
Word of Mouth Established Client Base Many smaller Health Shops are closing and therefore business has drawn in from those areas

What Advertising/Marketing is carried out?
We have a website Facebook Twitter

Does the business have any contract work?
No

What competition exists?
Two Smaller Health Shops in close surrounding areas and one Franchise Health shop in area

Is the business VAT Registered?
Yes

What VAT documentation is on file?
In process of completion

Are there up-to-date Management Accounts available?
In process of completion

What Balance Sheet and Income Statements are available?
In process of completion

What percentage of the business is cash/credit?
2.5%

What is the age analysis of the debtors book?
1 month

Is Seller finance available and for what amount?
None

What is the total staff complement?
Owner + 2 contractors

Give a breakdown of staff/ functions/ length of service?
Mostly Consulting and Advising Customer : 2x Casual 1.5 years and 6 months

Do any receive special perks or incentives?
No

Are they on contract?
Was changed to casual workers only recently.

Do any have management potential?
Yes

How involved is the Owner in running the business?
1 owner involved in business on daily basis for half day

When does the current lease end?
October 2018

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

What is the annual escalation %?
8%

What are the trading hours?
Mon-Fri: 9.30am - 5.30pm Sat: 9.30am - 1.30pm Sunday and Public Holidays: CLOSED

What is the square meters of the business?
32 meters squared

Who is the Owner/Landlord?
TCI Property Management

Is a copy of the lease available?
Yes

Do you require a licence?
You need a practice number to be able to sell certain products

What lease deposit and/or other surety is required?
2 month rent (Exclu. Utilities)

What are the main assets of the business?
Point of Sale Server, Fridge and Furniture & Fixtures

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 ?
Market Estimates

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?
N/A

Strengths?
Near Students, Products in demand, Niche Products, Long Standing clients in affluent area, Lots of regular foreign customers

Weaknesses?
Expanding niche products range and consulting services

Threats?
Forex and Current Economical Environment we are currently experiencing

What is the reason for the sale?
Owners Health

Why is this a good business?
There is a great demand for alternate medication - People are more health concious

What is the price plus stock and the net profit?
R230,000,00 +R350,000 (Stock) = R580,000 NET Profit = R250,000 p.a

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FRANCHISE DETAILS

Aldes Infinity

1 members
3 active mandates
Western Cape , Cape town
615 6th Floor, 24 Hans Strijdom ave, Cape Town
Cape town

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