Sectors / Category

Annual turnover

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  • Mandate: 33375
  • Added: 09 Sep 2019
  • AFS
  • 1218

Family Butchery - High income area

Gauteng, Pretoria
1218
Mandate 33375
Added 09 Sep 2019
R 525,000* ZAR
Stock: R 30,000
Assets: R 380,000
R 22,442 ZAR
Peter Kind
(PRINCIPAL)
Aldes Platinum
Gauteng, Midrand
Gauteng, Midrand
Summary

Located in mall. 10 years in operation. Consistent profits

Family Butchery - High income area
SELLING PRICE AFS
R 525,000* ZAR
Stock: R30,000
Assets: R380,000
R 22,442 ZAR
Summary

Located in mall. 10 years in operation. Consistent profits

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Fully describe the business's activities?
This Family butchery is located in a medium sized mall in a suburb of Pretoria. The Butchery sells a wide range of meat products.

How long has the business been established?
The business has been operational for more than 10 years.

How long has the owner had the business?
The owner has owned the business since 2018.

What Advertising/Marketing is carried out?
Flyers are handed out to promote specials. a Website is used to promote the business.

Does the business have any contract work?
The butchery sells mostly to the general public,but a few local restaurants support the business.

What competition exists?
There are no other butcheries in the mall.

What are the seasonal trends?
Summer tends to be busier.

Is the business VAT Registered?
Yes ,the business is Vat registered.

What VAT documentation is on file?
Vat 201 returns are available.

Are there up-to-date Management Accounts available?
Yes,detailed management accounts are available,as the business employs an accounting firm to keep the financials records up to date.

What percentage of the business is cash/credit?
No credit is extended to customers,all payments are cash or card.

How could the profitability of the business be improved?
Social media marketing of specials in local area ,can improve sales. Sourcing meat from lower cost suppliers,will increase profit margin.

Is Seller finance available and for what amount?
Yes , the seller is willing to negotiate the Purchase price and the terms of payment.

What is the total staff complement?
4 Staff members are employed.

Give a breakdown of staff/ functions/ length of service?
Most staff members have been employed for 2 years.

Are they on contract?
Yes ,all staff members have employment contracts.

Do any have management potential?
Hes ,the admin assistant can manage the business in the owners absence.

How involved is the Owner in running the business?
The owner spends several hours at the business per day,but the business can function without him for extended periods of time.

When does the current lease end?
November 2019.

Is there an option of renewal & what period?
Yes , the lease can be renewed for a period to be negotiated with the landlord.

What are the trading hours?
Monday to Friday - 7:30 to 6:30 Saturday - 7:30 to 17:00 Sunday - 8:00 to 14:00

Is a copy of the lease available?
Yes , a copy of the lease is available

What are the main assets of the business?
Display Fridges,Band saws.mincers,packaging equipment,POS systems make up most of the equipment.

What is their overall condition?
All equipment is in fair working order.

Do any require repairing?
No repairs are needed at present.

Which assets are on lease/HP and with whom?
No lease/HP agreements are in place on any of the equipment.

Strengths?
Operating for 10 years. Situated in a high income area. Good profits over an extended period.

Weaknesses?
Could improve sales by changing suppliers.

Opportunities?
Increased marketing of specials ,especially on social media,could increase sales.

Threats?
It is highly unlikely the landlord will allow another Butchery to operate in the mall.

What is the reason for the sale?
The owner is relocating to the Western Cape.

Why is this a good business?
Easy to operate , good profits , owners is flexible on purchase price and payment terms.

What is the price plus stock and the profit?
R 495 000 (negotiable) R 29,922.00 profit pm

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FRANCHISE DETAILS

Aldes Platinum

1 members
9 active mandates
Gauteng , Midrand
8 Baltoro Crescent Midstream Hill
Midrand
0157

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