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Annual turnover

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  • Mandate: 32645
  • Added: 20 Nov 2018
  • AFS
  • 558

High Quality Solid Hardwood Furniture

Gauteng, Johannesburg
558
Mandate 32645
Added 20 Nov 2018
R 740,000* ZAR
Stock: R 165,000
Assets: R 0
R 74,573 ZAR
Stan Moran
(PRINCIPAL)
Aldes Ace
Gauteng
Summary

Custom made locally, from solid American hardwoods for your lounge, dining room, bedroom, TV Cabinets. Designed to suit your space and your requirements. Located Northern Johannesburg.

High Quality Solid Hardwood Furniture
SELLING PRICE AFS
R 740,000* ZAR
Stock: R165,000
Assets: R0
R 74,573 ZAR
Summary

Custom made locally, from solid American hardwoods for your lounge, dining room, bedroom, TV Cabinets. Designed to suit your space and your requirements. Located Northern Johannesburg.

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please supply us with your details below

Fully describe the business's activities?
Retail supply of furniture including custom made lounge furniture

How long has the business been established?
Since 2008

How long has the owner had the business?
10 years

How does the business operate on a daily basis?
Located in retail park, so normal walk in customers and leads from website and social media.

How are the clients attracted to the business?
Facebook, website marketing, leaflets.

What Advertising/Marketing is carried out?
See above

Does the business have any contract work?
No

What competition exists?
Usual suppliers of lounge furniture

What are the seasonal trends?
None

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Registration and returns

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
Feb 2018

What percentage of the business is cash/credit?
All cash/transfers

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

How could the profitability of the business be improved?
Source new suppliers

Is Seller finance available and for what amount?
No

What is the total staff complement?
Two

Give a breakdown of staff/ functions/ length of service?
One part time on deliveries One full time store assistant

Do any receive special perks or incentives?
No

Are they on contract?
No

Do any have management potential?
No

How involved is the Owner in running the business?
Full time

When does the current lease end?
August 2019

Is there an option of renewal & what period?
Yes for another 2 years

What is the annual escalation %?
8%

What are the trading hours?
8h30 tp 16h30 Mon to Fri 8h30 to 14h00 Saturday

What is the square meters of the business?
302 sqm

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
2 months rent

What are the main assets of the business?
Stock, fixtures and fittings

Are any items not included in the sale?
Vehicles not included. Deliveries are cheaper contracted out.

What is their overall condition?
Stock is new

Do any require repairing?
No

How have they been valued ?
Latest Factory prices

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?
Strong customer base. Highly customizable premises.

Weaknesses?
Lead times and time factor for completion of manufacture

Opportunities?
Increase stock on hand range, for immediate sale

Threats?
Cheap imports, imitations

What is the reason for the sale?
Owner emigrating

Why is this a good business?
Loyal customer base, low overheads

What is the price plus stock and the net profit?
Price as a "going concern" (zero rated to VAT registered purchaser) including R165,000 of stock is just R740,000.

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FRANCHISE DETAILS

Aldes Ace

1 members
7 active mandates
Gauteng
6 Nightingale Road, Atlasville
1459

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