Sectors / Category

Annual turnover

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  • Mandate: 32822
  • Added: 20 Feb 2019
  • AFS
  • 756

Liquor Store Mall Based

Gauteng, Pretoria
756
Mandate 32822
Added 20 Feb 2019
R 850,000* ZAR
Stock: R 300,000
Assets: R 1,100,000
R 25,447 ZAR
Frank Schrempel
(PRINCIPAL)
Aldes Orion
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

Liquor store in a very busy and popular mall, the store is beautifully outfitted and a pleasure to behold. As the seller has done no marketing, advertising or promotions, with the right owner that drives this, the turnover can be pushed much higher.

Liquor Store  Mall Based
SELLING PRICE AFS
R 850,000* ZAR
Stock: R300,000
Assets: R1,100,000
R 25,447 ZAR
Summary

Liquor store in a very busy and popular mall, the store is beautifully outfitted and a pleasure to behold. As the seller has done no marketing, advertising or promotions, with the right owner that drives this, the turnover can be pushed much higher.

To gain access to more business info
please supply us with your details below

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?
July 2017

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?
None

Does the business have any contract work?
No

What competition exists?
No competition in the mall

What are the seasonal trends?
The peaks are December and Easter

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All the returns are with the seller and his accountant

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

What percentage of the business is cash/credit?
Cash 60% Card 40%

What is the age analysis of the debtors book?
None

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?
No

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?
No

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?
July 2020

Is there an option of renewal & what period?
Yes for three years

What is the annual escalation %?
8%

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?
85m²

Is a copy of the lease available?
Yes

Do you require a licence?
Liquor License

What lease deposit and/or other surety is required?
R90,000

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?
Pristine

Do any require repairing?
There are some tiles that need some work

How have they been valued ?
Replacement

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

Are they presently insured?
No

Strengths?
It's a liquor store in a bus, popular mall No competition possible in the mall

Weaknesses?
Lack of marketing and advertising to date Shop is on the small side, but that can also be seen as a positive

Opportunities?
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

Threats?
None identified

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?
Location, potential

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FRANCHISE DETAILS

Aldes Orion

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

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