Sectors / Category

Annual turnover

|
  • Mandate: 31241
  • Added: 26 Jun 2017
  • 288

Franchised retail sweets shop

North West, North West
288
Mandate 31241
Added 26 Jun 2017
R 900,000* ZAR
Stock: R 50,000
Assets: R 50,000
R 20,475 ZAR
Ian Tennant
(PRINCIPAL)
Aldes Egoli
North West
North West
Summary

Well established profitable sweet shop, located in the centre of a very busy mall.

Franchised retail sweets shop
SELLING PRICE
R 900,000* ZAR
Stock: R50,000
Assets: R50,000
R 20,475 ZAR
Summary

Well established profitable sweet shop, located in the centre of a very busy mall.

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

Fully describe the business's activities?
The business is a franchised retail sweet shop in the bussiest mall in town. The owner regularly ensures that staff are informed of their duties. Stock purchases are done from the suppliers. Customer satisfaction and meeting their demands are priority.

How long has the business been established?
20 Years.

How long has the owner had the business?
17 Years.

How does the business operate on a daily basis?
The shop is kept clean and neat, shelves are kept organized and fully stocked and walk in customers are assisted.

How are the clients attracted to the business?
The shop is located in the centre of a very busy mall, close to the entrance of the cinema with high foot traffic and excellent visibility. A wide range of unique and imported products are stocked.

What Advertising/Marketing is carried out?
The landlord, as well as the franchisor do advertising.

Does the business have any contract work?
No.

What competition exists?
No immediate competition within that retail space.

What are the seasonal trends?
School holidays are very busy as the foot traffic in the mall increase.

Is the business VAT Registered?
Yes.

What VAT documentation is on file?
All.

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

What Balance Sheet and Income Statements are available?
All.

What percentage of the business is cash/credit?
80% Cash and 20% Card.

What is the age analysis of the debtors book?
N/a.

Is Seller finance available and for what amount?
No.

What is the total staff complement?
3 Employees.

Give a breakdown of staff/ functions/ length of service?
Responsibilities are shared between staff and all 3 have been employed between 2 and 3 years.

Do any receive special perks or incentives?
No.

Are they on contract?
The permanent staff are on contract.

Do any have management potential?
Yes.

How involved is the Owner in running the business?
Relatively involved.

When does the current lease end?
In 2018.

Is there an option of renewal & what period?
Yes, for 5 years.

What is the annual escalation %?
8%.

What are the trading hours?
09:00 - 20:00 Fridays and Saturdays 09:00 - 21:00

What is the square meters of the business?
60 square meters.

Is a copy of the lease available?
The lease will be made available for due diligence.

Do you require a licence?
Standard business trading licence.

What lease deposit and/or other surety is required?
The landlord can require 4-6 months of rental guarantee.

What are the main assets of the business?
Shop fittings, pop corn machine and signage.

What is their overall condition?
Excellent.

Do any require repairing?
No.

How have they been valued ?
Estimated values from owner.

Are copies of agreements available?
Yes.

Are they presently insured?
Yes.

Strengths?
Location, High foot traffic, Good will of 17 years and the support of a well established and well known franchise.

Weaknesses?
None.

Opportunities?
Adding fun exciting products to the range and occupying kiosks within the mall.

Threats?
None perceived.

What is the reason for the sale?
The owner needs to sell due to personal health reasons.

Why is this a good business?
Highly profitable, well established and an excellent track record for the past 17 years.

Other listings by Ian
R 4.00MZAR
Added : 23 Nov 2021 150
Yearly profit: R917,073
North West
R 350KZAR
Added : 21 Nov 2021 179
Yearly profit: R619,305
Western Cape
AGENCY DETAILS

Aldes Egoli

1 members
13 mandates
North West
42 Bass Cove The Coves Estate Hartbeespoort 0216

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 759KZAR
Franchise
Added : 22 Nov 2021 183
Yearly profit: R91,545
Gauteng
R 800KZAR
Added : 8 Oct 2021 316
Yearly profit: R480,490
KwaZulu-Natal
R 580KZAR
Added : 23 Jul 2021 308
Yearly profit: R127,496
North West
R 1.20MZAR
Added : 22 Jul 2021 407
Yearly profit: R0
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.85MZAR
Added : 6 Dec 2021 0
Yearly profit: R826,143
Gauteng
R 1.70MZAR
Franchise
Added : 6 Dec 2021 0
Yearly profit: R630,285
Gauteng
R 420KZAR
Franchise
Added : 6 Dec 2021 0
Profit*: R79,779 *(7 months)
Gauteng
R 1.95MZAR
Franchise
Added : 29 Nov 2021 73
Yearly profit: R835,192
Gauteng
R 2.20MZAR
Added : 28 Nov 2021 98
Yearly profit: R565,911
Gauteng
R 759KZAR
Franchise
Added : 22 Nov 2021 183
Yearly profit: R91,545
Gauteng
R 2.50MZAR
Added : 17 Nov 2021 175
Yearly profit: R849,127
Gauteng
R 1.93MZAR
Added : 10 Nov 2021 169
Profit*: R592,126 *(8 months)
Gauteng