Fully describe the business's activities?
Retailers of furniture, appliances and beds
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
There is a permanent manager with one assistant in place and the Owners visit the store on a regular basis.
How are the clients attracted to the business?
Location, Word of Mouth, Face Book and Website.
What Advertising/Marketing is carried out?
Bid or Buy listing Takealot Account
What competition exists?
There are other businesses in town, but each with their own unique offering.
What are the seasonal trends?
As with all businesses in this town, there is a strong increase during the summer and other holiday periods.
Is the business VAT Registered?
What percentage of the business is cash/credit?
Approximately 90% credit card Balance EFT or cash.
How could the profitability of the business be improved?
Distribution agreement for beds allows sales to be extended deeper into the Eastern cape region.
Is Seller finance available and for what amount?
Deposit and terms subject to negotiation and agreement.
What is the total staff complement?
1 Permanent plus Owners.
Give a breakdown of staff/ functions/ length of service?
Has 5 years experience.
Do any receive special perks or incentives?
Yes, special prices on purchases as well as bonus's at Owners discretion.
How involved is the Owner in running the business?
Owners visit the store regularly but are not active in the day to day running of the business.
When does the current lease end?
Is there an option of renewal & what period?
Yes subject to negotiation
What are the trading hours?
Mondays to Fridays 09-00 to 17-30. Saturday 09-00 till 14-00.
What is the square meters of the business?
90 sq meters
Is a copy of the lease available?
What are the main assets of the business?
1 Vehicle Stock and Display Equipment
What is their overall condition?
How have they been valued ?
Owners second hand value.
Are they presently insured?
Location in high profile mall. Exclusive distribution agreement of beds.
Extend the bed range into the Eastern Cape region.
There are no threats known of.
What is the reason for the sale?
Owners have numerous business interests and this does not suit their long term plans.
What is the price plus stock and the net profit?
The selling price is R550,000 and terms will be considered subject to conditions and agreement. The average monthly profit around R20,000 per month, which could be increased if the Buyer played an active role in the business on a daily basis. Stock on hand is in the region of R150,000 to R200,000.
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