Fully describe the business's activities?
Buying and Selling of second hand goods as well as new product. Additional revenue streams includes loans to the public, fully registered and Industry Compliant.
How long has the business been established?
How long has the owner had the business?
How are the clients attracted to the business?
Well placed and highly visible external signage facing busy main roads. Local Marketing Initiatives as well as National Campaigns.
What Advertising/Marketing is carried out?
Strong focus on Digital campaigns which includes Facebook and WhatsApp. Printing and handing out of flyers in immediate area taking advantage of high foot traffic.
What competition exists?
Local second hand dealers and pawn shops.
What are the seasonal trends?
Revenue generated from retail activities increase between November and January and revenue from loans between January and April.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
Current and previous financial year.
Is Seller finance available and for what amount?
Yes, to be negotiated, open to discussion.
What is the total staff complement?
7 staff in the business. - 5 Full Time Employees - 2 Temporary
Do any receive special perks or incentives?
All staff have an opportunity to earn extra money through progressive incentive scheme
How involved is the Owner in running the business?
Not involved. This is one of the reasons why the owner is looking for a capable operating partner as well to invest and see to daily operations of the business.
When does the current lease end?
31 May 2020
Is there an option of renewal & what period?
Yes, further 3 to 5 years.
What are the trading hours?
Mon to Fri 08:00 to 17:00 - Sat 08:00 to 14:00
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
Yes, Second Hand Goods Licence and Registration with National Credit Regulator
What lease deposit and/or other surety is required?
1 Month's Rent and Personal Sureties
What are the main assets of the business?
Shop fitting, fixtures, furniture and equipment and stock.
Are any items not included in the sale?
The Legal Entity
Recession Proof, above average margins. Above average ratio of repeat customers.
Strict compliance required to 2nd Hand Goods Act to minimise the danger of stolen goods entering the business. Strict compliance required to National Credit Act and its Regulations.
What is the reason for the sale?
Other Interests / Personal. Open to partnering with like minded individuals with business experience.
Why is this a good business?
- Established and well known franchise business with 24 years of trade in Southern Africa, extensive training and support from Franchisor. - The business has a loyal customer following with a high ratio of repeat clientele in all areas of the business. - A rental factor below 10% compared to current revenue! - New Shop Fitting to international standards estimated to last for the next 5 to 8years. - Lowest Royalty Structure in its Market / Sector. This is a great business for someone that has an interest in buying and selling of secondhand goods, providing loans and interacting with customers on a daily basis.
What is the price plus stock and the net profit?
Selling for R2 000 000, open to offers. Sale of shares to be negotiated for a reasonable shareholding in the business for those interested in partnering with the business owner and taking on the daily operations of the business and sharing in future profits and expansion.
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