Sectors / Category

Annual turnover

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  • Mandate: 32842
  • Added: 07 Mar 2019
  • AFS
  • 274

Buy and Sell 2nd Hand & New Goods, Pawn and Loan Cash to the Public.

Mpumalanga, Highveld
274
Mandate 32842
Added 07 Mar 2019
R 1,300,000* ZAR
Stock: R 450,000
Assets: R 99,233
R 25,587 ZAR
Eduan Swart
(PRINCIPAL)
Aldes Jacaranda
Gauteng, Centurion
Gauteng, Centurion
Summary

2nd Hand Retailer, Pawn Broker and Cash Loans Business for sale. Witbank.

Buy and Sell 2nd Hand & New Goods, Pawn and Loan Cash to the Public.
SELLING PRICE AFS
R 1,300,000* ZAR
Stock: R450,000
Assets: R99,233
R 25,587 ZAR
Summary

2nd Hand Retailer, Pawn Broker and Cash Loans Business for sale. Witbank.

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Fully describe the business's activities?
- Buy and Sell 2nd Goods as well as New Product. - Pawn and Loan Cash to the public. - Fully Registered and Industry Compliant. - Market Leader Franchise Network!

How long has the business been established?
- 11 Years

How are the clients attracted to the business?
- Visible external signage facing busy main roads. - Positioned on well supported and established shopping centre with ample parking.

What Advertising/Marketing is carried out?
- Strong focus on Digital Campaigns which includes Google, Facebook and WhatsApp. - Printing and hand out of flyers in immediate residential and commercial / industrial areas.

What are the seasonal trends?
- Retail at its lowest over January and February months, with an increase in loans - Retail increases again in March with the loans business continuing to build on growth from January and February months.

When does the current lease end?
- August 2019

Is there an option of renewal & what period?
- Yes, for further 5 years

What are the trading hours?
- Mon to Fri 08:00 to 18:00, Sat 08:00 to 14:00 and Sun 08:30 to 12:30

Do you require a licence?
- Yes, 2nd Hand Goods Trading Licence and NCR.

What is their overall condition?
- The business is due for a revamp - The revamp is estimated at R1mil - Similar size business will cost R3.5mil to setup new

Strengths?
- Recession Proof, and above average margins. - Above average ratio of repeat customers. - Industry Leading Franchise with excellent support.

Weaknesses?
- The business needs to be revamped.

Opportunities?
- a Similar size business will cost R3.5mil to setup new - This listing offers an established business at a discounted price to a new business, including the costs of the revamp - New Lease to be negotiated by new owner / franchisor could result in a discounted rental and immediate increase in EBITDA as a result

Threats?
- Business is cash hungry - Microeconomics specific to the region

What is the reason for the sale?
- The owners are consolidating their business interests.

Why is this a good business?
- Established business with 11 years of trade, loyal customer following with a high ratio of repeat clientele in all revenue streams of the business. - The security of being part of a well known and established Franchise Organisation.

What is the price plus stock and the net profit?
- Selling for R1.3mil. - Annual EBITDA of R300k after managers salary. (last 12 months)

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FRANCHISE DETAILS

Aldes Jacaranda

2 members
28 active mandates
Gauteng , Centurion
5 Edenvilla 80 Cambridge Road Clubview Centurion 0157
Centurion
0181

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