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Annual turnover

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  • Mandate: 33135
  • Added: 26 May 2019
  • AFS
  • 378

Money Lending Business with strong growth potential

Western Cape, Garden Route
378
Mandate 33135
Added 26 May 2019
R 750,000* ZAR
Stock: R 0
Assets: R 420,000
R 12,580 ZAR
Noel Heath
(PRINCIPAL)
Aldes Triumph
Western Cape
Western Cape
Summary

Small loan office situated alongside a retail store in George, where staff etc are shared expenses.

Money Lending Business with strong growth potential
SELLING PRICE AFS
R 750,000* ZAR
Stock: R0
Assets: R420,000
R 12,580 ZAR
Summary

Small loan office situated alongside a retail store in George, where staff etc are shared expenses.

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Fully describe the business's activities?
Small loans

How long has the business been established?
9 Years

How long has the owner had the business?
Since Inception

How does the business operate on a daily basis?
The Owner oversees the business remotely and there is one dedicated staff member.

What Advertising/Marketing is carried out?
Street exposure

What are the seasonal trends?
October to December are the busiest months.

Is the business VAT Registered?
No

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

What percentage of the business is cash/credit?
N/A

How could the profitability of the business be improved?
Increase the client base and a new Owner will be able to focus on the business growth potential.

What is the total staff complement?
1 lady staff member who oversees the business on a daily basis

Give a breakdown of staff/ functions/ length of service?
9 years in the business and is well skilled.

Do any receive special perks or incentives?
Bonus is linked to sales and a Owners discretion

Are they on contract?
Employed

How involved is the Owner in running the business?
Owner only oversees the business and receives the mangement reports.

When does the current lease end?
Year by Year basis

What are the trading hours?
Monday to Friday: 08-00am to 5-00pm Saturdays: 08-00 to 12-00pm

What is the square meters of the business?
10 square meters

What lease deposit and/or other surety is required?
R5000

What are the main assets of the business?
The loan book which is part of the sale and is currently around R420,000. Office equipment and computer plus software

Are they presently insured?
Yes

Strengths?
Highly skilled and locally focused business

Weaknesses?
Requires more networking.

Opportunities?
The existing client base needs to be grown and that will show excellent growth as infrastructure will remain constant.

Threats?
The business may benefit by being relocated.

What is the reason for the sale?
The business is situated alongside a retail store which is also on the market, as the Owner wishes to relinquish the store in George and Mossel Bay to focus on the manufacturing of product, and he will retain the Oudtshoorn store and factory.

Why is this a good business?
Because of the extremely low overheads and growth potential with the same infrastructure.

What is the price plus stock and the profit?
The price of the business is R750,000 and the outstanding loans book is around R420,000. The current profit is around R12,500 per month without any focused drive.

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FRANCHISE DETAILS

Aldes Triumph

1 members
24 active mandates
Western Cape
8A Loerie Street, Bergsig
6529

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