Fully describe the business's activities?
Health and Wellness Store focusing on Homeopathic, Naturopathic, Ayurvedic and Chinese Medicine - Everything from Herbal Supplements to Aromatherapy oils as well as Health foods and snacks.
How long has the business been established?
8 Years - Since March 2010
How long has the owner had the business?
How does the business operate on a daily basis?
Owner Run and 2 supporting Staff members with excellent knowledge of the products
How are the clients attracted to the business?
It is situated in a small shopping complex Well-Established and known in the community - Loyal clients Products are available online - creates awareness
What Advertising/Marketing is carried out?
Social Media Suppliers and Bloggers "Advertise" - Available online
Does the business have any contract work?
What competition exists?
There are numerous Health Shops in the surrounding areas
What are the seasonal trends?
No specific Trends
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
Signed off Financial (AFS) available
What percentage of the business is cash/credit?
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Advertising The current Owner has a few ideas on how to grow the business - Owner is open to having this conversation upon sale of business
Is Seller finance available and for what amount?
What is the total staff complement?
2 Staff members
Give a breakdown of staff/ functions/ length of service?
Their functions include the full running of the store. Ordering of stock, dispensing health advice to customers, merchandising, cashing up, keeping the store clean and tidy, opening and locking up in the evenings
Do any receive special perks or incentives?
Are they on contract?
Yes, they are permanent staff
Do any have management potential?
How involved is the Owner in running the business?
The owner is involved on a day-to-day basis. There is however manager potential within the business
When does the current lease end?
September - Lease is renewed for 2 years
Is there an option of renewal & what period?
Yes - 2 years
What is the annual escalation %?
What are the trading hours?
Monday - Friday: 8am to 5pm Saturday: 9am to 3pm Sunday: Closed Public Holidays: 9am to 2pm
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
What are the main assets of the business?
Are any items not included in the sale?
The Himalayan Rock Salt Lamp
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Health is very trendy Very loyal clientele Knowledgeable and loyal Staff
Parking in the center
Owner has ideas on how to grow business - Will discuss this with a serious buyer
What is the reason for the sale?
The Owner's second business is growing and becoming more and more demanding
Why is this a good business?
The business is profitable, the staff is very loyal and knowledgeable. Health Stores are very niche and a growing industry
What is the price plus stock and the net profit?
R2,050,000.00 + R250,000.00 NET PROFIT: R985,830.00
Annual Turnover Amount between R 500 thousand and R 6 million