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Annual turnover

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  • Mandate: 32840
  • Added: 03 Apr 2019
  • AFS
  • 703

Paint Retail Store in busy Garden Route town

Western Cape, Garden Route
703
Mandate 32840
Added 03 Apr 2019
R 1,760,000* ZAR
Stock: R 360,000
Assets: R 270,000
R 44,031 ZAR
Noel Heath
(PRINCIPAL)
Aldes Triumph
Western Cape
Western Cape
Summary

Long established with high passing trade visibility and well situated, this retail paint store has been trading successfully for many years. Will suit a person with retail experience, preferably in a similar industry, who would like to play and active role in the daily operation or even for a semi-retired person who wishes to be actively involved as and when desired.

Paint Retail Store in busy Garden Route town
SELLING PRICE AFS
R 1,760,000* ZAR
Stock: R360,000
Assets: R270,000
R 44,031 ZAR
Summary

Long established with high passing trade visibility and well situated, this retail paint store has been trading successfully for many years. Will suit a person with retail experience, preferably in a similar industry, who would like to play and active role in the daily operation or even for a semi-retired person who wishes to be actively involved as and when desired.

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

Fully describe the business's activities?
Retail paint store with own branded product. Part of small group with own brand identity. 4 staff manage and operate the business with Owner visiting periodically.

How long has the business been established?
15 Years

How long has the owner had the business?
Since Inception

How does the business operate on a daily basis?
4 Staff manage and operate the business.

How are the clients attracted to the business?
Strong service levels. Word of mouth advertising. Representative.

What Advertising/Marketing is carried out?
Face Book Advertising and Representative

What competition exists?
There are a number of paint sellers in town, but this business has its own in-house brand and identity.

What are the seasonal trends?
This business is not on the coast so is not as affected by seasonality as others. However Oct to Dec is busier than mid winter which is predominately June to August.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
As Required VAT103i

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

What percentage of the business is cash/credit?
Card and Cash 40% Accounts 60%

How could the profitability of the business be improved?
More distribution by using the same infrastructure. If the Buyer plays an active role in the business significant growth will be achieved.

What is the total staff complement?
4

Give a breakdown of staff/ functions/ length of service?
2 x Sales staff 1 x Driver 1 x Cleaner

Do any receive special perks or incentives?
Performance bonus linked to sales.

Are they on contract?
Normal Employees

How involved is the Owner in running the business?
The Owner only receives management reports and visits the business but does not operate within the business

When does the current lease end?
Year on year

Is there an option of renewal & what period?
Yes, subject to negotiation.

What is the square meters of the business?
400 Square meters

What lease deposit and/or other surety is required?
R10,000

What are the main assets of the business?
Mobile Store livery Stock Computer Software The HiLux vehicle is on lease and may be taken over or will be removed from the assets

Are any items not included in the sale?
Just vehicle subject to negotiation

What is their overall condition?
Good

How have they been valued ?
Replacement value

Which assets are on lease/HP and with whom?
1 Vehicle. Hilux 2.5D The Buyer will need to take over the monthly lease on the vehicle or it can be removed from the assets if preferred.

What are their settlement amounts?
TBA at time of negotiation.

Will Seller settle or Buyer to take over?
To be decided.

Are copies of agreements available?
Yes

Are they presently insured?
Yes

Strengths?
Highly skilled and local business able to offer focused and informed service.

Weaknesses?
Business requires more networking to obtain incremental sales.

Opportunities?
The whole town is showing significant growth and this will impact positively on the business too. There is an opportunity to take over a small micro loans business that forms part of this business premises. If interested, then please advise the Broker who will supply the information.

Threats?
Possible relocation. Needs to expand.

What is the reason for the sale?
The Owner wishes to expand on their production side and give over by way of sale their interested in the established retail market.

Why is this a good business?
The whole region and especially this large Garden Route town are showing significant growth.

What is the price plus stock and the profit?
Selling Price is listed at R1,7Million inclusive of assets and stock holding of R680,000. Opportunity to also acquire the neighbouring Micro Loans business.

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FRANCHISE DETAILS

Aldes Triumph

1 members
25 active mandates
Western Cape
8A Loerie Street, Bergsig
6529

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