Sectors / Category

Annual turnover

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  • Mandate: 32643
  • Added: 29 Jan 2019
  • AFS
  • 600

Garden Centre with Coffee Shop and Kids Party Venue in Northern Suburbs

Gauteng, Johannesburg
600
Mandate 32643
Added 29 Jan 2019
R 2,200,000* ZAR
Stock: R 0
Assets: R 600,000
R 85,817 ZAR
Steve Boardman
(PRINCIPAL)
Aldes Central
Gauteng
Summary

Profitable nursery in upmarket area of northern Johannesburg, selling all plants, pots, seedlings sand, soil and compost together with a landscaping potential, there are no water costs as they have installed their own borehole. In addition there is a lovely Cafe and busy Kids Party Venue

Garden Centre with Coffee Shop and Kids Party Venue in Northern Suburbs
SELLING PRICE AFS
R 2,200,000* ZAR
Stock: R0
Assets: R600,000
R 85,817 ZAR
Summary

Profitable nursery in upmarket area of northern Johannesburg, selling all plants, pots, seedlings sand, soil and compost together with a landscaping potential, there are no water costs as they have installed their own borehole. In addition there is a lovely Cafe and busy Kids Party Venue

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Fully describe the business's activities?
This is a full service nursery situated within a larger complex, the other business within the property include a coffee shop, children's party venue/adventure playground, these businesses are included in the purchase price and do bring in significant foot traffic, many of whom purchase from the nursery. In addition there are a number of small businesses within the Garden Centre who pay rent income of R37 000 per month

How long has the business been established?
Prior to 2012

How long has the owner had the business?
Since 2012

How does the business operate on a daily basis?
The business is run by the owners brother together with 2 staff and casuals as required

How are the clients attracted to the business?
The business is well positioned and is well known in the area, plus the other businesses attract customers

What Advertising/Marketing is carried out?
They have a website and a database of 1000 telephone numbers and e mails

Does the business have any contract work?
No, just regular customers

What competition exists?
There are other nurseries, but few with the family orientated service and pricing that this business offers

What are the seasonal trends?
Busiest periods are from September to January

Is the business VAT Registered?
Yes

What VAT documentation is on file?
These can be made available during a due diligence

Are there up-to-date Management Accounts available?
To February 2018 Prior year sales were:- January to September 2018 R795, 290 Drought/water restrictions January to September 2017 R1, 562 423 Drought/water restrictions January to December 2016 R1, 805 372 Drought/water restrictions January to December 2015 R2, 527 854 Drought /water restrictions January to December 2014 R2, 929 496

What percentage of the business is cash/credit?
86% credit card the balance in cash

What is the age analysis of the debtors book?
N/A

How could the profitability of the business be improved?
The business can grow by developing the landscaping, top soil, grass, pebbles and pavers, and propagate some of their own plants.

Is Seller finance available and for what amount?
The seller may allow the stock to be paid over a period of time with sufficient guarantees

What is the total staff complement?
2 staff plus the owner, plus cafe staff

Do any have management potential?
No

How involved is the Owner in running the business?
The owner has other interests and wants to free up some time for projects

When does the current lease end?
A new 5 year lease can be entered into, and the seller will cede a option to purchase to the buyer

Is there an option of renewal & what period?
Subject to negotiation

What is the annual escalation %?
8%

What are the trading hours?
08h00 to 17h00

Do you require a licence?
No

What lease deposit and/or other surety is required?
I month deposit and first months rent

What are the main assets of the business?
The main assets, include extensive shade netting, a borehole, computer and labeling equipment, alarm system, office furniture and office and storage hut, plus cafe equipment and adventure playground

Are any items not included in the sale?
All items related to the businesses are included

What is their overall condition?
Good working order

Do any require repairing?
Normal maintenance

How have they been valued ?
Owners valuation

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?
Yes

Strengths?
Well known and established nursery in north of Johannesburg, the sellers are prepared to train an inexperienced operator, and they will still be available to a buyer as they own the other businesses.

Weaknesses?
Only the weather, but they have installed their own borehole in 2016, so when there are water restrictions they are not affected, and it keeps costs down, it looks like the general water restrictions are being lifted for customers, it is anticipated that sales will pick up as a result, however the business is still profitable even though there was a general drop in the industry due to water restrictions.

Opportunities?
This business will suit an owner operator or a husband and wife team. There is enormous potential to grow with landscaping and garden maintenance, the soils, grass, pebbles and paver business can be developed further. Join in with the cafe and adventure playground in promotions for the business

Threats?
None known

What is the reason for the sale?
The sellers come from the corporate/training world and will be establishing a new venture in these fields

Why is this a good business?
Excellent business in good area with huge potential, with rental income of R37 000 per month

What is the price plus stock and the net profit?
Selling at R2.2 million lock, stock and barrel

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FRANCHISE DETAILS

Aldes Central

1 members
7 active mandates
Gauteng
Nillsord Avenue
2026

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