Sectors / Category

Annual turnover

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  • Mandate: 32602
  • Added: 06 Dec 2018
  • AFS
  • 1228

IT Shop ,Printing and Internet Cafe in Durban West CBD

KwaZulu-Natal, Durban
1228
Mandate 32602
Added 06 Dec 2018
R 870,000* ZAR
Stock: R 470,000
Assets: R 437,500
R 111,203 ZAR
Nic Nortje
(PRINCIPAL)
Aldes Prestige
KwaZulu-Natal, Hillcrest
KwaZulu-Natal, Hillcrest
Summary

One stop IT ,Print and Internet Cafe located roadside in busy CBD

IT Shop ,Printing and Internet Cafe in Durban West CBD
SELLING PRICE AFS
R 870,000* ZAR
Stock: R470,000
Assets: R437,500
R 111,203 ZAR
Summary

One stop IT ,Print and Internet Cafe located roadside in busy CBD

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Fully describe the business's activities?
A well established one stop IT Shop and Internet Cafe providing computer (new and second hand ), printer and peripheral sales, repairs , printing ,copying, laminating, binding, fax, email , typing and rubber stamps .

How long has the business been established?
18 years

How long has the owner had the business?
Since inception.

How does the business operate on a daily basis?
Manager and staff are responsible for the opening and closing of store and take care of the day to day operations .The business trades 7 days a week and is located alongside a very busy street in the same building as SARS office .

How are the clients attracted to the business?
The business is well known in the area with the location attracting passing trade ,SARS visits and repeat customers .The products and services of the business are well highlighted on their signage and window displays ..

What Advertising/Marketing is carried out?
The business can be found on Google .

Does the business have any contract work?
No

What competition exists?
None in close proximity to this store .

What are the seasonal trends?
Trading is steady throughout the year and peaks through holiday periods and SARS Tax Filing seasons .

Is the business VAT Registered?
Yes .

What VAT documentation is on file?
All VAT documentation are on file and can be provided to approved buyers at a due -diligence stage .

Are there up-to-date Management Accounts available?
Yes, up to and including October 2018 .

What Balance Sheet and Income Statements are available?
The 2018 AFS .

What percentage of the business is cash/credit?
100% Cash .

How could the profitability of the business be improved?
Creation of a website and adding further printing services can improve the profitability.

Is Seller finance available and for what amount?
No .

What is the total staff complement?
4 Staff excluding the owner .

Give a breakdown of staff/ functions/ length of service?
Manager 12 years Technician 18 years Sales and service 7 and 3 years

Do any receive special perks or incentives?
No .

Do any have management potential?
There is a Manager in place .

How involved is the Owner in running the business?
The spends approximately 20% of his time in the business and overseas the operations from an alternate office .

When does the current lease end?
December 2021

Is there an option of renewal & what period?
Yes for 5 years .

What is the annual escalation %?
10%

What are the trading hours?
Monday-Friday 7:45 to 17:30 Saturday 8:30 to 16:00 Sunday 9:30 to 15:00

What is the square meters of the business?
Approximately 290 square meters .

Is a copy of the lease available?
Yes ,to approved buyers .

Do you require a licence?
Yes Sale of Second Hand Goods FBP License for internet .

What lease deposit and/or other surety is required?
To be discussed and negotiated .

What are the main assets of the business?
Computers, printers and peripheral equipment, shop fittings and furniture.

What is their overall condition?
All in good condition .

Do any require repairing?
None require repairing at this stage .

How have they been valued ?
Cost less depreciation.

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

Are they presently insured?
Yes .

Strengths?
In the hub of town and on the doorstep of SARS and a Training College . Significant passing trade and repeat business . Staff have years of experience and knowledge of the industry .

Weaknesses?
None perceived .

Opportunities?
New owner can focus on high volume printing for flyers ,mugs , t-shirts etc .

Threats?
None perceived .

What is the reason for the sale?
Owner is of age and wishes to retire.

Why is this a good business?
This business offers services in high demand and sheer volume with a loyal customer base and generating good profits.

What is the price plus stock and the net profit?
R1.6m plus stock at cost @ approximately R470K with an average monthly net profit of R111203.00 (including owners drawings ).

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FRANCHISE DETAILS

Aldes Prestige

2 members
10 active mandates
KwaZulu-Natal , Hillcrest
4 Plantations 47 Shongweni Road
Hillcrest
4016

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