Sectors / Category

Annual turnover

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  • Mandate: 33218
  • Added: 12 Jun 2019
  • AFS
  • 68

Health & Wellness Store in Super Regional Mall

KwaZulu-Natal, Durban
68
Mandate 33218
Added 12 Jun 2019
R 550,000* ZAR
Stock: R 270,000
Assets: R 0
R 17,532 ZAR
Wendy Richards
(PRINCIPAL)
Aldes Prestige
KwaZulu-Natal
KwaZulu-Natal
Summary

Health & Wellness Store in Super Regional Mall
SELLING PRICE AFS
R 550,000* ZAR
Stock: R270,000
Assets: R0
R 17,532 ZAR
Summary

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Fully describe the business's activities?
A well established health and wellness store retailing pure natural plant based vitamins, nutrients and supplements.

How long has the business been established?
The business is 8 years old established in Dec 2011. It is now over 2 years in an upmarket regional Mall with excellent visibility and foot traffic.

How does the business operate on a daily basis?
Sales of reputable high end vitamins,minerals and food supplements, advice on health care.

What Advertising/Marketing is carried out?
Social Media, Facebook advertising(over 1000 friends), Instagram, SMS Campaigns – large database on consumers, loyalty campaign

Does the business have any contract work?
No.

What competition exists?
A health store at a smaller shopping centre close by and Dischem and Clicks.

What are the seasonal trends?
Huge foot traffic during Easter, Xmas, public holidays and school holidays, huge upswing in tourist sales .

Is the business VAT Registered?
Yes.

What VAT documentation is on file?
All returns will be made available at due diligence stage .

Are there up-to-date Management Accounts available?
FEB 2019 AFS is available .

What percentage of the business is cash/credit?
All cash – mainly credit cards

How could the profitability of the business be improved?
Bring in an exclusive range of own brands, offer a service such as homeopath, naturopath, physiotherapist, natural healing etc.

What is the total staff complement?
1 full time 1 casual worker

Give a breakdown of staff/ functions/ length of service?
1 x full time homeopathic student, 11 months – took 6 months maternity leave.

Do any receive special perks or incentives?
Yes. Commission based on sales and profitability, 13 cheque based on Dec turnover

Are they on contract?
Yes.

Do any have management potential?
Yes and to be discussed in detail .

How involved is the Owner in running the business?
Owner run. Spends between 4 to 6 hours a day mainly Mon- Fri and go in on a casual basis over the weekends to relieve staff .

When does the current lease end?
March 2021

Is there an option of renewal & what period?
Yes there is an option to renew .TBA

What are the trading hours?
Mon- Sat 9:00 – 19:00, Sun and Public Holidays 9:00 to 17:00

What is the square meters of the business?
26 SQM

Is a copy of the lease available?
Yes the lease will be made available to approved buyers .

What lease deposit and/or other surety is required?
Owner paid in a deposit of R38000. Surety would have to pass onto the new owner once the Mall approves the tenancy .

Strengths?
Brilliant visibility, at a busy entrance, great friendly staff with excellent service, well reputed brands, excellent relationship with suppliers, well known business in the community.

Opportunities?
Services eg, Weight loss, injections, IV drops, manufacture or distribution of own brands. Well decorated consulting room in store for further treatments .

Threats?
Competition .

What is the reason for the sale?
The owner would like to spend more time with her family .

Why is this a good business?
Well established clientele, supplements and nutrients are a growing industry, excellent location, people are becoming more health conscious and want advice on how to go the natural route.The business only stocks pure nutrients and supplements that are scientifically tested and well backed with research.

What is the price plus stock and the net profit?
Selling price @ R550 000.00 including stock at cost estimated at R270 000.00 with an annual net profit of R210 000.00

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FRANCHISE DETAILS

Aldes Prestige

2 members
11 active mandates
KwaZulu-Natal
32 Ilchester Avenue, Somerset Park
4016

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