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Annual turnover

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  • Mandate: 27866
  • Added: 17 Mar 2021
  • AFS
  • 78

Sale of stock and assets of a Well Franchised Pawn Shop in the west Rand

Gauteng, Johannesburg
78
Mandate 27866
Added 17 Mar 2021
R 601,000* ZAR
Stock: R 0
Assets: R 288,000
R -6,748 ZAR
Johan Mouton
Aldes Focus
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

Well known Franchised Pawn Shop for sale. The franchise has a recession proof formula. In good times they sell new products to their customers and in slower times the pawn goods and sell second hand goods. The franchise is also a registered credit provider and offer in house loans. The franchisor is active in the marketing of the business and this includes national TV ads.

SELLING PRICE AFS
R 601,000* ZAR
Stock: R0
Assets: R288,000
R -6,748 ZAR
Summary

Well known Franchised Pawn Shop for sale. The franchise has a recession proof formula. In good times they sell new products to their customers and in slower times the pawn goods and sell second hand goods. The franchise is also a registered credit provider and offer in house loans. The franchisor is active in the marketing of the business and this includes national TV ads.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
This is a asset and stock sale for a Franchised pawn shop This store did quit well.

How long has the business been established?
4 Years

How long has the owner had the business?
The owner have the shop for last 4 years now

How does the business operate on a daily basis?
The business is manager run with very little input by the owner.

How are the clients attracted to the business?
Regular customer base and walk in business.

What Advertising/Marketing is carried out?
TV ads, franchisor website, bulk sms campaigns, promotional pamphlets and Junk mail.

Does the business have any contract work?
No

What competition exists?
Nationally there is a franchised competitor, but no direct competition to this store in the area.

What are the seasonal trends?
No real seasonal trends, but January months are slower.

How did the Covid-19 pandemic impact the business turnover / daily operations?
Covid did have a impact on the business. Turn over have drop and daily operations was down sized

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Staff work on reduced trading hours that lower costs

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Will be supplied on request

Are there up-to-date Management Accounts available?
Yes. Ending Feb 2021.

What Balance Sheet and Income Statements are available?
Yes ending Feb 2021

What percentage of the business is cash/credit?
Cash and credit cards are 50/50

How could the profitability of the business be improved?
Owner involvement would definitively increase business

Is Seller finance available and for what amount?
No.

What is the total staff complement?
7 Staff members

Give a breakdown of staff/ functions/ length of service?
Manager x 1,Assist Man x 1, BuyersX1,Salesman/CashiersX4

Do any receive special perks or incentives?
Yes. All staff is incentivised

Are they on contract?
Yes

Do any have management potential?
Current manager

How involved is the Owner in running the business?
The business is manager run. Owner is not actively involved in the running of the business.

Any special arrangements for the staff related to the Covid-19 pandemic?
Staff works on a shift based ,hourly income.

When does the current lease end?
3 Years remaining of current lease

Is there an option of renewal & what period?
Yes, to be negotiated

What are the trading hours?
Mon-Fri 8am-6pm, Sat 8am-5pm, Sun / Pub hol 9am-2pm. Closed on Christmas and Easter Friday and New year’s day

What is the square meters of the business?
+- 186m2

Is a copy of the lease available?
Yes

Do you require a licence?
No

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

Are any items not included in the sale?
No

What is their overall condition?
Excellent

Do any require repairing?
No

How have they been valued ?
Fair market / Replacement value.

Is a full asset list on file?
Yes ,on request

Strengths?
Recession proof, well established, well run business

Weaknesses?
Lack of owner involvement

Opportunities?
An investment in more stock will increase the business even further

Threats?
None perceived

What is the reason for the sale?
Asset based sale

Why is this a good business?
Recession proof, well run, well established business. Any owner involvement will increase business. This business has the potential to reach profits in excess of R60 000 pm but needs a good owner involvement. Asset based sale

What is the price plus stock and the profit?
Total stock and asset sale for R601 000

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AGENCY DETAILS

Aldes Focus

7 members
56 mandates
Gauteng , Pretoria East
Menlyn Corporate Park - 4th Floor, Suite H2 175 Corobay Avenue Waterkloof Glen Pretoria , Pretoria East , Gauteng
Pretoria East
0081

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