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Annual turnover

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  • Mandate: 32480
  • Added: 27 Sep 2018
  • AFS
  • 255

Cake shop with largest on-line market in the country

Gauteng, Honeydew Area
255
Mandate 32480
Added 27 Sep 2018
R 1,600,000* ZAR
Stock: R 0
Assets: R 295,000
R 78,790 ZAR
Stan Moran
(PRINCIPAL)
Aldes Ace
Gauteng
Summary

Owner operated cake manufacturer, with competent staff capable of day to day operations, baking, decorating and attending to customers. Large on-line presence generates significant business for collection or delivery. Well established with excellent reputation for quality goods and service.

Cake shop with largest on-line market in the country
SELLING PRICE AFS
R 1,600,000* ZAR
Stock: R0
Assets: R295,000
R 78,790 ZAR
Summary

Owner operated cake manufacturer, with competent staff capable of day to day operations, baking, decorating and attending to customers. Large on-line presence generates significant business for collection or delivery. Well established with excellent reputation for quality goods and service.

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Fully describe the business's activities?
Made to order speciality cakes, cupcakes, pops, ice cream cakes, donuts, biscuits and more for weddings, baby showers or any special occassion. Also have ready made cakes for sale in shop daily.

How long has the business been established?
Since 2010

How long has the owner had the business?
Since 2010

How does the business operate on a daily basis?
With a great online presence, order are baked on request as well as daily stock for the shop. Staff and bakers work from premises in shopping centre.

How are the clients attracted to the business?
Website, Face Book, Leaflets, Referrals and word of mouth.

What Advertising/Marketing is carried out?
Social media and active website. Leaflets also handed out.

Does the business have any contract work?
No, but orders are delivered weekly to tea gardens, restaurants and golf estates.

What competition exists?
Home industries and individual home based bakers

What are the seasonal trends?
December is quietest and the shop usually closes during that period.

Is the business VAT Registered?
No

What VAT documentation is on file?
N/A

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

What Balance Sheet and Income Statements are available?
No

What percentage of the business is cash/credit?
No credit, All COD or prepaid on order

What is the age analysis of the debtors book?
N/A

How could the profitability of the business be improved?
Increase online orders. Canvass local businesses with leaflets.

Is Seller finance available and for what amount?
No

What is the total staff complement?
9 fulltime plus one casual on Saturdays and part time driver for deliveries

Give a breakdown of staff/ functions/ length of service?
Avaialble for due diligence

Do any receive special perks or incentives?
Occasional bonuses based on special orders

Are they on contract?
Yes

Do any have management potential?
Yes

How involved is the Owner in running the business?
Involved in daily operations and responds to emails and prepares marketing

When does the current lease end?
June 2019

Is there an option of renewal & what period?
Yes - 3 years

What is the annual escalation %?
10%

What are the trading hours?
Mon to Fri 8 am to 5 pm Sat 7 am to 2 pm Closed Sundays

What is the square meters of the business?
78 sqm

Is a copy of the lease available?
Yes

Do you require a licence?
Yes - Dept of Health

What lease deposit and/or other surety is required?
One month's rental currently.

What are the main assets of the business?
Baking ovens, catering equipment, mixers etc and all necessary equipment for baking and decorating cakes.

Are any items not included in the sale?
No

What is their overall condition?
All operational and in working order

Do any require repairing?
No - serviced when necessary

How have they been valued ?
Estimated market value

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

What are their settlement amounts?
N/A

Will Seller settle or Buyer to take over?
N/A

Are copies of agreements available?
N/A

Are they presently insured?
Yes

Strengths?
Well established for 8 years. Well designed website. Largest online bakery in SA. Delivery available. Quality of product with talented decorators and committed team. Strong Face Book following of over 40,000 people of all income groups

Weaknesses?
Lack of good P.O.S system Minimal storage space

Opportunities?
Big demand for printed and custom cakes to be exploited Grow product line by offering gluten and egg free products Potential to expand production for supply to smaller local shops Could franchise the concept

Threats?
No back up in the event of load shedding

What is the reason for the sale?
Owner's husband's business expanding and requiring for assistance from spouse. Cannot be involved in both businesses.

Why is this a good business?
Well known and established. Cash business with no credit granted to customers

What is the price plus stock and the net profit?
R1.6m lock stock and barrel. Net profit averages R78.79k per month over last twelve months and R80k per month over last six months.

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FRANCHISE DETAILS

Aldes Ace

1 members
11 active mandates
Gauteng
6 Nightingale Road, Atlasville
1459

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