Sectors / Category

Annual turnover

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  • Mandate: 32751
  • Added: 01 Feb 2019
  • AFS
  • 153

Manager run, well positioned business selling refurbished Laptops

Gauteng, Johannesburg
153
Mandate 32751
Added 01 Feb 2019
R 790,000* ZAR
Stock: R 100,000
Assets: R 300,000
R 34,986 ZAR
Steve Boardman
(PRINCIPAL)
Aldes Central
Gauteng
Summary

This is a new company that was started to provide excellent quality laptops at low prices so that customers don’t have to spend a fortune. All laptops are a rigorous 27 point test to ensure that customers get the best quality without compromise and are sold with a warranty. Even though the business has only been operating for 7 months it already has a profit of over R240 000

 Manager run, well positioned business selling refurbished Laptops
SELLING PRICE AFS
R 790,000* ZAR
Stock: R100,000
Assets: R300,000
R 34,986 ZAR
Summary

This is a new company that was started to provide excellent quality laptops at low prices so that customers don’t have to spend a fortune. All laptops are a rigorous 27 point test to ensure that customers get the best quality without compromise and are sold with a warranty. Even though the business has only been operating for 7 months it already has a profit of over R240 000

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Fully describe the business's activities?
Manager run business, this is a new company that was started to provide excellent quality laptops at low prices so that customers don’t have to spend a fortune. All laptops are put through a rigorous 27 point test to ensure that customers get the best quality without compromise and are sold with a warranty.

How long has the business been established?
Almost one year

How long has the owner had the business?
Since inception

How does the business operate on a daily basis?
The business is run by a manager and assistant, who open and close daily. They inspect and conduct a 27 point check on all purchases and if everything checks out the business will purchase the laptop for resale

How are the clients attracted to the business?
They have an active website and facebook page. The business has an excellent position on a busy road with excellent visibility and signage

What Advertising/Marketing is carried out?
Website and social media, the owner has also printed some leaflets for distribution to universities and colleges

Does the business have any contract work?
No

What competition exists?
Competition is mainly from retailers selling new products at much higher prices

What are the seasonal trends?
Not yet known

Is the business VAT Registered?
No not yet

What VAT documentation is on file?
N/A

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

What Balance Sheet and Income Statements are available?
Management Accounts

What is the age analysis of the debtors book?
All COD

How could the profitability of the business be improved?
The business is still quite new and the seller intends to market to universities, schools, and colleges

Is Seller finance available and for what amount?
No

What is the total staff complement?
Besides the owner there is a manager and 1 assistant

Give a breakdown of staff/ functions/ length of service?
Both employees inspect and test equipment as required

Do any receive special perks or incentives?
They get a basic plus commission

Are they on contract?
Yes

Do any have management potential?
One is a manager

How involved is the Owner in running the business?
Spends about one hour per day on the business

When does the current lease end?
3 year lease in place

Is there an option of renewal & what period?
To be confirmed

What is the annual escalation %?
To be confirmed

What are the trading hours?
M-F 9-5 Sat 9-1

Is a copy of the lease available?
This can be made available

Do you require a licence?
Second hand dealers licence is required

What lease deposit and/or other surety is required?
One month deposit

What are the main assets of the business?
Set up costs of approximately R300 000 plus testing and office equipment

Are any items not included in the sale?
All included

What is their overall condition?
Excellent

Do any require repairing?
No

How have they been valued ?
Actual cost from less than a year ago

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?
Very well set up business satisfying a need, already very profitable, with great potential

Weaknesses?
None known

Opportunities?
This business can be grown exponentially and with more marketing to Universities, Schools and Colleges sales growth will improve, it would be quite feasible to open other outlets as there are no shortage of second hand equipment

Threats?
None known

What is the reason for the sale?
The owner has another business in KZN and his wife has been offered a position down there that she would like to take up

Why is this a good business?
This business is already very profitable with excellent growth prospects without tying the owner down full time

What is the price plus stock and the net profit?
Selling at R690 000 plus stock of between R85 000 and R100 000 with an EBITDA profit of approximately R240 000 in seven months

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FRANCHISE DETAILS

Aldes Central

1 members
9 active mandates
Gauteng
Nillsord Avenue
2026

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