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Annual turnover

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  • Mandate: 33253
  • Added: 10 Jul 2019
  • AFS
  • 100

Hiring of fancy dress costumes, suits etc. inclusive of stock with a replacement cost of R1.9m

Gauteng, Johannesburg
100
Mandate 33253
Added 10 Jul 2019
R 545,000* ZAR
Stock: R 0
Assets: R 1,900,000
R 24,943 ZAR
Steve Boardman
(PRINCIPAL)
Aldes Central
Gauteng
Summary

Hiring of fancy dress costumes, suits etc. inclusive of stock with a replacement cost of R1.9m
SELLING PRICE AFS
R 545,000* ZAR
Stock: R0
Assets: R1,900,000
R 24,943 ZAR
Summary

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Fully describe the business's activities?
Wonderful costume hire business, over 6000 costumes, accessories,hats for hire together with some accessories for sale

How long has the business been established?
since 1982

How long has the owner had the business?
6 years

How does the business operate on a daily basis?
The business is opened and closed by the staff, costumes are hired out normally for one week, with a refundable deposit equivalent to the rental

How are the clients attracted to the business?
The business is well known for their vast range for hire, they have an excellent web page together with other social media

Does the business have any contract work?
No, but have regular repeat clients

What competition exists?
There are other hire businesses, but none with the range they have

What are the seasonal trends?
Busiest times are September to November, but consistent business during the year

Is the business VAT Registered?
Yes

Are there up-to-date Management Accounts available?
Management accounts to May2019

What Balance Sheet and Income Statements are available?
AFS for the last 5 years

What percentage of the business is cash/credit?
Normally cash or EFT

How could the profitability of the business be improved?
More marketing

Is Seller finance available and for what amount?
No

What is the total staff complement?
Besides the owner there are 5 staff and a student when required

Do any receive special perks or incentives?
Bonuses at the discretion of the owner

Are they on contract?
Letters of appointment

Do any have management potential?
Two staff members are senior and open and close the business

How involved is the Owner in running the business?
The owner spends 5-6 hours a day in the business

When does the current lease end?
The business currently is on a monthly lease

Is there an option of renewal & what period?
Yes, this is negotiable

What is the annual escalation %?
Also negotiable

What are the trading hours?
Monday to Friday 08h30 to 16h30 Saturday 08h30 to 12h00

What is the square meters of the business?
Over 900 square metres

Do you require a licence?
No

What are the main assets of the business?
The main assets of the business are costumes and racks, valued at replacement cost over R1.9m included in the price

Are any items not included in the sale?
Just a fridge and the owners laptop

What is their overall condition?
Excellent, all hires are cleaned and any repairs required are done by the staff as required

Which assets are on lease/HP and with whom?
None

What are their settlement amounts?
Nil

Are they presently insured?
Yes

Strengths?
Established for many years, with an excellent reputation and many repeat customers

Weaknesses?
None other than the economy

Opportunities?
This business has everything, just needs more marketing, the seller says there is a big market to hire and or sell men's suits and market to murder mystery events

Threats?
None known

What is the reason for the sale?
The owner wants a new challenge and is thinking of moving to the Cape

Why is this a good business?
Established since 1982, has regular repeat clients and is very well known

What is the price plus stock and the net profit?
Selling at R545 000 including costumes etc. valued at over R1.9m netting the current owner almost R25k per month EBITDA

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FRANCHISE DETAILS

Aldes Central

1 members
8 active mandates
Gauteng
Nillsord Avenue
2026

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