Fully describe the business's activities?
Well established europa that has been revamped. Operates with a manager but needs to be owner run. Situated in local mall that has number of banks that offer full services. Large retailer, Woolies and bottle store in centre. Trades day time only.
How long has the business been established?
Sellers husband open the business in 2011.
What Advertising/Marketing is carried out?
No marketing is done, other than what the franchisor does.
What competition exists?
There is 1 other competitor in the centre, which is non frnachised.
What are the seasonal trends?
Year end is quitier as people go away
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
How could the profitability of the business be improved?
Business needs an owner to be present and involved
What is the total staff complement?
9 staff including the manager
How involved is the Owner in running the business?
Very little due to seller having another store.
When does the current lease end?
Recently signed for 5 yrs
Is there an option of renewal & what period?
Yes - tbc
What is the annual escalation %?
What are the trading hours?
M-F 7.30-17.30 sat 7.30- 16.00, Sun 7.30-16.00
What are the main assets of the business?
Business has recently undergone revamp to franchisors latest standards. Shop is in fantastic condition!
well know brand, good location, solid client base, staff trained,
Owner has limited involvement
Owner run, liquor licence, deliveries
What is the reason for the sale?
Owner needs to cut back as this business was run by her husband
Why is this a good business?
New look store recently revamped, and has growth potential. You are enjoying major savings to opening a new store
What is the price plus stock and the profit?
R790,000 plus stock
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