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Annual turnover

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  • Mandate: 33405
  • Added: 10 Sep 2019
  • AFS
  • 35

Second hand retailer in the Garden Route

Western Cape, Garden Route
35
Mandate 33405
Added 10 Sep 2019
R 600,000* ZAR
Stock: R 150,000
Assets: R 0
R 29,098 ZAR
Corne Booyens
Aldes Pinnacle
Western Cape
Western Cape
Summary

Second hand goods as well as new goods from well-known national retailer that is sold at high profit margins. Unique stock tracking and sales system custom designed for the shop. Huge opportunity for growth.

Second hand retailer in the Garden Route
SELLING PRICE AFS
R 600,000* ZAR
Stock: R150,000
Assets: R0
R 29,098 ZAR
Summary

Second hand goods as well as new goods from well-known national retailer that is sold at high profit margins. Unique stock tracking and sales system custom designed for the shop. Huge opportunity for growth.

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Fully describe the business's activities?
This is a second hand retailer with a long standing arrangement with a well-known retail chain to also sell new stock that they have written off. This merchandise is acquired at a very low price.

How long has the business been established?
3 years

How long has the owner had the business?
3 years

How does the business operate on a daily basis?
Manager with one cashier manages days to day activities. Two technicians handles repair work on a contract basis.

How are the clients attracted to the business?
Repeat clientele through 3 years of operations . End of month sales advertised in local media. Social media advertising.

What competition exists?
Other second hand shops in town.

What are the seasonal trends?
Based in coastal town so busier over December holidays

Is the business VAT Registered?
No

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

What percentage of the business is cash/credit?
All is cash. No accounts.

Is Seller finance available and for what amount?
No

What is the total staff complement?
Manager, Cashier and 2 Technicians who are paid per job completed.

How involved is the Owner in running the business?
The owner is actively involved.

When does the current lease end?
Year to year lease. Owner would be happy to sign long term lease.

What is the annual escalation %?
8%

What are the trading hours?
Monday to Friday 8 - 5 and Sunday 8 - 1. Currently closed on a Saturday because of owners religion.

What is the square meters of the business?
About 500 square meters

Is a copy of the lease available?
Yes

Do you require a licence?
Second hand trade license.

What lease deposit and/or other surety is required?
One month

What are the main assets of the business?
Stock

Are any items not included in the sale?
No

What is their overall condition?
Good

Strengths?
They have developed a unique stock tracking and sales system. The system has the ability to immediately work out what the cost price of an item should be in order to make a profit. This ability will enable anybody without second hand trading experience to successfully manage the the shop. The arrangement with the retail store for the returned goods ensures exceptionally high profit margins.

Opportunities?
Huge opportunity to grow even further by doing more extensive marketing.

Threats?
Nothing that can be seen.

What is the reason for the sale?
Owner wants to retire.

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FRANCHISE DETAILS

Aldes Pinnacle

2 members
12 active mandates
Western Cape
8 Malva Street
6670

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