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Annual turnover

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  • Mandate: 32778
  • Added: 19 Feb 2019
  • AFS
  • 139

2nd Hand Retailer, Pawn Broker and Cash Loans Business...Centurion

Gauteng, Centurion
139
Mandate 32778
Added 19 Feb 2019
R 8,000,000* ZAR
Stock: R 2,000,000
Assets: R 1,860,198
R 198,743 ZAR
Eduan Swart
(PRINCIPAL)
Aldes Jacaranda
Gauteng, Centurion
Gauteng, Centurion
Summary

Buy and Sell 2nd Hand & New Goods, Pawn and Loan Cash to the Public.

2nd Hand Retailer, Pawn Broker and Cash Loans Business...Centurion
SELLING PRICE AFS
R 8,000,000* ZAR
Stock: R2,000,000
Assets: R1,860,198
R 198,743 ZAR
Summary

Buy and Sell 2nd Hand & New Goods, Pawn and Loan Cash to the Public.

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Fully describe the business's activities?
- Buy and Sell 2nd Goods as well as New Product. - Pawn and Loan Cash to the public. - Fully Registered and Industry Compliant. - Market Leader and part of a Franchise Network!

How long has the business been established?
18 years

How long has the owner had the business?
18 years

How are the clients attracted to the business?
- Strong focus on Digital Campaigns which includes Google, Facebook and WhatsApp. - Printing and hand out of flyers in immediate residential and commercial / industrial areas. - Well placed and highly visible external signage facing busy main roads and Regional Mall.

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

What Balance Sheet and Income Statements are available?
Yes

What is the total staff complement?
- 15 staff

How involved is the Owner in running the business?
- Daily oversight - Dedicated Manager

When does the current lease end?
- May 2021

Is there an option of renewal & what period?
- Yes, for a further 5 years.

What are the trading hours?
- Monday to Friday 08:00 to 17:00 - Saturday 08:00 to 15:00 - Sunday 09:00 to 13:00

What is the square meters of the business?
- Total of 936m2

Is a copy of the lease available?
- Yes.

Do you require a licence?
- Yes, 2nd Hand Goods Trading Licence and NCR.

What lease deposit and/or other surety is required?
- 1 month, but also dependant on new owner / tenant profile and landlord could elect to increase.

What are the main assets of the business?
- Fixtures, Fittings and Equipment and Stock.

Are any items not included in the sale?
- Legal Entity - Vehicle

What is their overall condition?
- Brand New - @ a cost of R2 000 000

How have they been valued ?
By Franchisor

Strengths?
- Recession Proof, above average margins. - Above average ratio of repeat customers. - Industry Leading Franchise.

What is the reason for the sale?
- The business Owner is preparing for retirement.

Why is this a good business?
- Established business with 18 years of trade, loyal customer following with a high ratio of repeat clientele in all areas of the business. - Brand New Shop Fitting to international standards estimated to last for the next 5 to 8 years. - Highly Profitable.

What is the price plus stock and the net profit?
- Selling for R8mil. - Annual Net Profit of R2mil. (last 12 months)

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FRANCHISE DETAILS

Aldes Jacaranda

2 members
28 active mandates
Gauteng , Centurion
5 Edenvilla 80 Cambridge Road Clubview Centurion 0157
Centurion
0181

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