Sectors / Category

Annual turnover

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  • Mandate: 32423
  • Added: 10 Apr 2019
  • AFS
  • 178

Framing & Art Business in Durban.

KwaZulu-Natal, Durban
178
Mandate 32423
Added 10 Apr 2019
R 960,000* ZAR
Stock: R 25,000
Assets: R 86,420
R 41,307 ZAR
Wendy Richards
(PRINCIPAL)
Aldes Prestige
KwaZulu-Natal
KwaZulu-Natal
Summary

Well established Framing business situated in Durban.

Framing & Art Business in Durban.
SELLING PRICE AFS
R 960,000* ZAR
Stock: R25,000
Assets: R86,420
R 41,307 ZAR
Summary

Well established Framing business situated in Durban.

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Fully describe the business's activities?
The business specialises in framing of all types of artwork such as canvas prints, photo's, water colours, oils and much more. All frames, including box and stretcher frames, are custom made on the premises.The business supports many local artists.

How long has the business been established?
Established for more over 20 years.

How long has the owner had the business?
7 years.

How does the business operate on a daily basis?
The business is managed by the owner who is actively involved in the daily running of the business.

What Advertising/Marketing is carried out?
The business currently has some social media presence however an opportunity exists to implement a proactive marketing strategy .

Does the business have any contract work?
no

What competition exists?
The business does not have competitors due to its unique business model.

Is the business VAT Registered?
No

What VAT documentation is on file?
N/A

Are there up-to-date Management Accounts available?
Yes, will be made available.

What Balance Sheet and Income Statements are available?
AFS2017.

What percentage of the business is cash/credit?
Business is cash only.

What is the age analysis of the debtors book?
The business has no debtors.

How could the profitability of the business be improved?
An aggressive marketing strategy can be implemented as well as a more defined sales process to source and secure more business with interior designers.

What is the total staff complement?
2

Give a breakdown of staff/ functions/ length of service?
Manager and a framer who is also involved in the front office.

Do any receive special perks or incentives?
No, just an annual discretionary bonus.

Are they on contract?
All staff are permanently employed.

Do any have management potential?
The Framer manages the business in the absence of the owner and is aware of all the day to day activities.

How involved is the Owner in running the business?
Owner is actively involved in the daily running of the business.

When does the current lease end?
01 July 2020.

Is there an option of renewal & what period?
yes, 2 year renewal option.

What are the trading hours?
Mon-Thu:08:00-16:00, Fri:08:00-15:45, Sat:08:30-12:00

Is a copy of the lease available?
Yes.

Do you require a licence?
No.

What lease deposit and/or other surety is required?
R8952.

What is their overall condition?
Good condition.

How have they been valued ?
Current Value.

Are they presently insured?
Yes.

Strengths?
This fully established business has a solid track record for being highly dependable & durable providing excellent high quality framing options.

Weaknesses?
Limited marketing efforts.

Opportunities?
Adopt an aggressive marketing strategy to increase brand awareness and revenue. Partner with more designers through a value add strategy.

Threats?
No threats perceived.

What is the reason for the sale?
Owner is relocating .

Why is this a good business?
This business is extremely robust and a highly profitable sales proposition.

What is the price plus stock and the net profit?
The selling price is R935000 incl. stock . The average monthly net profit is R41,000

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FRANCHISE DETAILS

Aldes Prestige

2 members
12 active mandates
KwaZulu-Natal
32 Ilchester Avenue, Somerset Park
4016

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