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?
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?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Yes ending in 2018
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
70/30 cash/card transactions
What is the age analysis of the debtors book?
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?
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?
Are they on contract?
Yes according to the employment act
Do any have management potential?
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?
Is there an option of renewal & what period?
Yes for a further 3 years
What is the annual escalation %?
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?
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?
How have they been valued ?
Which assets are on lease/HP and with whom?
Are they presently insured?
Well positioned ,near the main entrance to one of the main tenants. Located in a n higher income area. Sells a high quality product
Local store marketing and a lack of owner involvement
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.
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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