Sectors / Category

Annual turnover

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  • Mandate: 32380
  • Added: 11 Dec 2019
  • AFS
  • 430

Biltong shop in centurion

Gauteng, Centurion
430
Mandate 32380
Added 11 Dec 2019
R 350,000* ZAR
Stock: R 20,000
Assets: R 150,000
R 15,685 ZAR
Johan Mouton
Aldes Jacaranda
Gauteng, Centurion
Gauteng, Centurion
Summary

Biltong shop, well located in a known shopping center for sale

Biltong shop  in centurion
SELLING PRICE AFS
R 350,000* ZAR
Stock: R20,000
Assets: R150,000
R 15,685 ZAR
Summary

Biltong shop, well located in a known shopping center for sale

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

Fully describe the business's activities?
Biltong shop selling biltong, nuts and sweets related products.

How long has the business been established?
This shop was established in 2008

How long has the owner had the business?
The current owner bought the shop in 2016

How does the business operate on a daily basis?
Buy ,sell and dry of biltong daily to a good established clientele.

How are the clients attracted to the business?
This business is well known by the local community for its high quality product and services

What Advertising/Marketing is carried out?
only local news paper

Does the business have any contract work?
None

What competition exists?
None that we know off

What are the seasonal trends?
Winter months show a trend of increased sales

Is the business VAT Registered?
No

What VAT documentation is on file?
None

Are there up-to-date Management Accounts available?
Yes ending in 2018

What Balance Sheet and Income Statements are available?
On request

What percentage of the business is cash/credit?
70/30 cash/card transactions

What is the age analysis of the debtors book?
None

How could the profitability of the business be improved?
Hands on ownership, owner involvement and a good consistent local store marketing plan with a focus on social and digital media

Is Seller finance available and for what amount?
No

What is the total staff complement?
One permanent female employee and a casual staff member

Give a breakdown of staff/ functions/ length of service?
The staff members primary functions are cashier and stock management related.

Do any receive special perks or incentives?
No

Are they on contract?
Yes according to the employment act

Do any have management potential?
Yes

How involved is the Owner in running the business?
The current owners only visits the business once a week

When does the current lease end?
In 2020

Is there an option of renewal & what period?
Yes for a further 3 years

What is the annual escalation %?
10%

What are the trading hours?
Monday to Saturday from 8h30 to 19h30 Sunday from 8h30 to 18h00

What is the square meters of the business?
30 sqm

Is a copy of the lease available?
Yes on request

Do you require a licence?
Only a business trading licence

What lease deposit and/or other surety is required?
Approximately R28 000.00

What are the main assets of the business?
Biltong Dryers, Cutting Machines, Scales, Cash Registers, Security Equipment and more. A list can be provided.

Are any items not included in the sale?
No, sale lock stock and barrel!

What is their overall condition?
Well look after ,in great condition

Do any require repairing?
No

How have they been valued ?
Owners valued

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

Are they presently insured?
Yes

Strengths?
Well positioned ,near the main entrance to one of the main tenants. Located in a n higher income area. Sells a high quality product

Weaknesses?
Local store marketing and a lack of owner involvement

Opportunities?
With a good local store marketing plan and additional product focused on the immediate market and their needs should a new owner be able to increase sales and profits.

Threats?
No short term threats.

What is the reason for the sale?
The current owner lives in the south of JHB and travel is a challenge, which is also the main reason for the lack of owner involvement.

Why is this a good business?
The store has shown good profits and is easy to manage.

What is the price plus stock and the profit?
R350 000 including stock of R20 000

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FRANCHISE DETAILS

Aldes Jacaranda

2 members
24 active mandates
Gauteng , Centurion
14 Brook Crescent Midfield Estate Midstream Olifantsfontein
Centurion
0181

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