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Annual turnover

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  • Mandate: 32911
  • Added: 20 Mar 2019
  • AFS
  • 928

Franchised Kempton Park Bottle Store

Gauteng, Johannesburg
928
Mandate 32911
Added 20 Mar 2019
R 1,000,000* ZAR
Stock: R 300,000
Assets: R 100,000
R 26,222 ZAR
Frank Schrempel
(PRINCIPAL)
Aldes Orion
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

Bottle Store in a popular local shopping centre, the store is Franchised and enjoys the benefits of belonging to a Franchise group

Franchised Kempton Park Bottle Store
SELLING PRICE AFS
R 1,000,000* ZAR
Stock: R300,000
Assets: R100,000
R 26,222 ZAR
Summary

Bottle Store in a popular local shopping centre, the store is Franchised and enjoys the benefits of belonging to a Franchise group

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Fully describe the business's activities?
Franchised Liquor Store

How long has the business been established?
15 Years

How long has the owner had the business?
15 Months

How does the business operate on a daily basis?
Staff run

How are the clients attracted to the business?
The business is a well established local bottle store

What Advertising/Marketing is carried out?
Facebook

Does the business have any contract work?
No

What competition exists?
There are other Liquor stores in the town

What are the seasonal trends?
Busy over April/May and November/December January/February are traditionally the quiet months

Is the business VAT Registered?
No

What VAT documentation is on file?
N/A

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

What percentage of the business is cash/credit?
100% Cash

What is the age analysis of the debtors book?
N/A

How could the profitability of the business be improved?
More attention from owner

Is Seller finance available and for what amount?
No

What is the total staff complement?
Two full time and one Casual

Give a breakdown of staff/ functions/ length of service?
Manager - One year Cashier - 15 Months

Do any receive special perks or incentives?
Bonus if sales over R350,000 per month is achieved

Are they on contract?
Yes

Do any have management potential?
Yes in place

How involved is the Owner in running the business?
Minimal, opens and closes once per week

When does the current lease end?
May 2023

Is there an option of renewal & what period?
Yes 5 Years depending on landlord

What is the annual escalation %?
8%

What are the trading hours?
10:00 - 20:00 Monday to Friday (Liquor license allows 8am open) 09:00 - 20:00 Saturday (Liquor license allows 8am open) 09:00 -15:30 Sunday

What is the square meters of the business?
90m²

Is a copy of the lease available?
Yes

Do you require a licence?
yes, license to be transferred

What are the main assets of the business?
See asset list

Are any items not included in the sale?
No

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
Replacement

Which assets are on lease/HP and with whom?
N/A

Are they presently insured?
Yes

Strengths?
Well established Loyal clients

Weaknesses?
Low income area

Opportunities?
Deliveries Open at 8am

Threats?
None Identified

What is the reason for the sale?
Wishes to use capital in another business

Why is this a good business?
Cash business

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FRANCHISE DETAILS

Aldes Orion

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

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