Fully describe the business's activities?
Liquor store operating from a very busy and popular mall which is also the major mall in the area
How long has the business been established?
How long has the owner had the business?
Owner started the business
How does the business operate on a daily basis?
Store is run by the one cashier that also opens and closes the store for the owner
How are the clients attracted to the business?
Only based on it's location
What Advertising/Marketing is carried out?
Does the business have any contract work?
What competition exists?
No competition in the mall
What are the seasonal trends?
The peaks are December and Easter
Is the business VAT Registered?
What VAT documentation is on file?
All the returns are with the seller and his accountant
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
Cash 60% Card 40%
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
As there has been no Advertising or marketing of any sort carried out the current turnover is purely as a result of the stores location, this means that with proper Marketing, Advertising and driving the business with promotions you should be able to increase the turnovers very nicely
Is Seller finance available and for what amount?
What is the total staff complement?
Three, however they are one short at the moment
Give a breakdown of staff/ functions/ length of service?
2x Cashiers 1x Merchandising
Do any receive special perks or incentives?
Are they on contract?
Only the cashier currently has a written contract
Do any have management potential?
Absolutely, the cashier currently effectively runs the shop for the owner apart from ordering which he does remotely
How involved is the Owner in running the business?
Not at all, only does the orders remotely
When does the current lease end?
Is there an option of renewal & what period?
Yes for three years
What is the annual escalation %?
What are the trading hours?
09:00-19:00 Mon to Fri 09:00-18:00 Sat 09:00-15:30 Sun
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
What are the main assets of the business?
Please see asset list
Are any items not included in the sale?
There is an ABI fridge
What is their overall condition?
Do any require repairing?
There are some tiles that need some work
How have they been valued ?
Which assets are on lease/HP and with whom?
Are they presently insured?
It's a liquor store in a bus, popular mall No competition possible in the mall
Lack of marketing and advertising to date Shop is on the small side, but that can also be seen as a positive
Possibility of later selling to the local big name brand Relocate to a larger store closer to the major supermarket Advertising and Marketing, part of which is to make use of the centre's sms facilitiy with direct access to 11,000 clients
What is the reason for the sale?
The seller is starting a new brand in a totally different direction
Why is this a good business?
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million