Fully describe the business's activities?
Bottle Store in a great location which is showing steady growth since being opened, the business is on the main route to the local station thereby catching all the home time traffic. It is also further in between three affluent suburbs from which it draws it's trade. Then there is no competition close y either.
How long has the business been established?
June 2018, however the site has had bottlestores in it for at least 7 years previoulsy
How long has the owner had the business?
The owner started the business
How does the business operate on a daily basis?
How are the clients attracted to the business?
Using the buying group advertising and branding Facebook, Boards and Signage Promo's Local feet
Does the business have any contract work?
What competition exists?
None in the immediate vincinty
What are the seasonal trends?
Normal for Bottle Stores though November and December seemed equal
Is the business VAT Registered?
What VAT documentation is on file?
All returns on file
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
What is the age analysis of the debtors book?
One small account for a neighboring business
How could the profitability of the business be improved?
Margins are currently being kept lower than required to help boost sales and feet Deliveries Advertising and promotions
What is the total staff complement?
Only the owners and a casual
How involved is the Owner in running the business?
100% involved and they run the business
When does the current lease end?
Is there an option of renewal & what period?
Yes, landlord is open to discussion
What is the annual escalation %?
What are the trading hours?
08:00-20:00 Monday to Saturday 09:00-15:30 Sunday
What is the square meters of the business?
282mÂ² being reduced to 174mÂ²
Is a copy of the lease available?
Yes with seller
Do you require a licence?
What are the main assets of the business?
As per the Asset list
Are any items not included in the sale?
There are some personal items the seller will point out
What is their overall condition?
Do any require repairing?
The third till is currently not operational
How have they been valued ?
Which assets are on lease/HP and with whom?
Are they presently insured?
Growing business Location Three of the surrounding areas are affluent areas No competition
Re establish store and customer base
Recapture the client base and expand into deliveries, etc.
What is the reason for the sale?
Other business ventures need that require capital tied up n this store
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Annual Turnover Amount between R 500 thousand and R 6 million