Sectors / Category

Annual turnover

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  • Mandate: 32680
  • Added: 09 Jan 2019
  • AFS
  • 292

Bed and Mattress Retailer

Gauteng, Centurion
292
Mandate 32680
Added 09 Jan 2019
R 590,000* ZAR
Stock: R 170,000
Assets: R 20,000
R 31,152 ZAR
Frank Schrempel
(PRINCIPAL)
Aldes Orion
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

Retailer focusing on beds and mattresses and all bedroom related items, has a great spot and is easy to operate and profitable.

Bed and Mattress Retailer
SELLING PRICE AFS
R 590,000* ZAR
Stock: R170,000
Assets: R20,000
R 31,152 ZAR
Summary

Retailer focusing on beds and mattresses and all bedroom related items, has a great spot and is easy to operate and profitable.

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Fully describe the business's activities?
Sales of mattresses, beds, headboards and bedroom accessories and all bedroom related items

How long has the business been established?
Two years

How long has the owner had the business?
The business was started by the owner

How does the business operate on a daily basis?
Owner run

How are the clients attracted to the business?
Word of mouth position - business has a prime spot (will be further elaborated to serious buyers)

What Advertising/Marketing is carried out?
Google Adwords, iYellow (Yellow Pages), Facebook, Pamphlets, Advertising boards

Does the business have any contract work?
No, it is a retail store

What competition exists?
The normal for the industry

What are the seasonal trends?
December, July and November are peak months

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Yes and supported by bank statements

What percentage of the business is cash/credit?
6% Cash

What is the age analysis of the debtors book?
No debtors book but some layby over three months, however very small

How could the profitability of the business be improved?
More advertising and marketing and increase the stock holding

Is Seller finance available and for what amount?
A small amount may be considered for the right buyer, but surety will be required

What is the total staff complement?
One staff member

Give a breakdown of staff/ functions/ length of service?
The staff member does everything and runs the business in the owners absence, the owner while also selling focuses on advertising and admin

Do any receive special perks or incentives?
Salary and 3% commission on sales

Are they on contract?
No contract

Do any have management potential?
The staff member does everything and the seller says he is fantastic

How involved is the Owner in running the business?
Owner is 100% involved in running the business

When does the current lease end?
March 2020

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

What is the annual escalation %?
8%

What are the trading hours?
09:00-17:00 Monday to Friday 09:00-14:00 Saturday 10:00-13:00 Sunday

Is a copy of the lease available?
Yes

Do you require a licence?
No

What are the main assets of the business?
Seller will provide a asset list

Are any items not included in the sale?
Laptop and Fridge

What is their overall condition?
Good condition

Do any require repairing?
Ongoing repairs and maintenance is performed

How have they been valued ?
Second hand

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

Are they presently insured?
No

Strengths?
Location Price and quality of products Client service

Weaknesses?
Capital to stock up more

Opportunities?
Stocking up more Additional stock ranges

Threats?
Economy

What is the reason for the sale?
Relocation to look after parents

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FRANCHISE DETAILS

Aldes Orion

2 members
16 active mandates
Gauteng , Pretoria East
108 Lynburn Rd, Lynnwood Manor
Pretoria East
0081

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