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Annual turnover

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  • Mandate: 32804
  • Added: 12 Feb 2019
  • AFS
  • 79

Centurion Bottle Store

Gauteng, Centurion
79
Mandate 32804
Added 12 Feb 2019
R 1,250,000* ZAR
Stock: R 400,000
Assets: R 167,000
R 33,797 ZAR
Frank Schrempel
(PRINCIPAL)
Aldes Orion
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

Bottle Store in Centurion in a great location

SELLING PRICE AFS
R 1,250,000* ZAR
Stock: R400,000
Assets: R167,000
R 33,797 ZAR
Summary

Bottle Store in Centurion in a great location

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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?
Owner run

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?
No

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?
Yes

What VAT documentation is on file?
All returns on file

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

What Balance Sheet and Income Statements are available?
None yet

What percentage of the business is cash/credit?
±50/50 split

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?
May 2020

Is there an option of renewal & what period?
Yes, landlord is open to discussion

What is the annual escalation %?
8%

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?
282m² being reduced to 174m²

Is a copy of the lease available?
Yes with seller

Do you require a licence?
Liquor license

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?
Good

Do any require repairing?
The third till is currently not operational

How have they been valued ?
Owner valuation

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

Are they presently insured?
Yes

Strengths?
Growing business Location Three of the surrounding areas are affluent areas No competition

Weaknesses?
Re establish store and customer base

Opportunities?
Recapture the client base and expand into deliveries, etc.

Threats?
None identified

What is the reason for the sale?
Other business ventures need that require capital tied up n this store

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FRANCHISE DETAILS

Aldes Orion

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

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