Sectors / Category

Annual turnover

|
  • Mandate: 33517
  • Added: 04 Jul 2020
  • AFS
  • 240

Established 2nd Hand Trader , Perfect for a hands-on Owner | Aldes Jacaranda

Gauteng, Johannesburg
240
Mandate 33517
Added 04 Jul 2020
R 2,300,000* ZAR
Stock: R 750,000
Assets: R 1,900,000
R 50,473 ZAR
Eduan Swart
(PRINCIPAL)
Aldes Jacaranda
Gauteng, Centurion
Gauteng, Centurion
Summary

Established 2nd Hand Retail Business, Smartest way to buy and sell 2nd hand goods and offer loans.

SELLING PRICE AFS
R 2,300,000* ZAR
Stock: R750,000
Assets: R1,900,000
R 50,473 ZAR
Summary

Established 2nd Hand Retail Business, Smartest way to buy and sell 2nd hand goods and offer loans.

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

Fully describe the business's activities?
The smartest way to buy and sell secondhand goods and make money out of pawn broking and personal loans.

How long has the business been established?
4 years, trading in its 5th year.

How long has the owner had the business?
The owner started the business.

How does the business operate on a daily basis?
Buy and sell secondhand goods and making money out of pawn broking and personal loans. Roughly 50% of the revenue and profits in the business is generated from retail (the selling of secondhand goods).

How are the clients attracted to the business?
By offering a very unique set of services and products, a leader in the industry with very little competition. The business is situated in a well known and established centre visible from a very busy main road to and from a major residential area/s and part of a larger trading area with more retail centres.

What Advertising/Marketing is carried out?
Well placed and highly visible external signage facing busy main road. Local Marketing Initiatives as well as National Campaigns. Strong focus on Digital campaigns which includes Facebook and WhatsApp. Printing and hand out of flyers in immediate residential and commercial / industrial areas.

What competition exists?
Non in the immediate trading / catchment area.

How did the Covid-19 pandemic impact the business turnover / daily operations?
Business reopened under Level 4 and saw an increase in Retail Trade.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Full compliance to Covid-19 Regulation which includes daily recording of staff and customer temperatures and sanitising.

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

What Balance Sheet and Income Statements are available?
Current and previous financial periods.

What is the total staff complement?
7 staff members. (excluding a manager).

How involved is the Owner in running the business?
Partially, there is currently a manager in place on a fixed term contract basis.

What are the trading hours?
Monday to Friday 09:00 to 17:30 Saturdays 09:00 to 15:00 Sundays - Closed

What is the square meters of the business?
365m2

Do you require a licence?
Yes there are licences required, 2nd Hand Goods Licence and registration with the National Credit Regulator.

What are the main assets of the business?
- Shop-fitting (includes counters and shelving) - Computer Equipment and Point of Sale - Other Electrical Equipment - Signage

What is their overall condition?
Very good, almost Brand New.

Strengths?
- Recession Proof. - Ability to transact paperless and cashless.

What is the reason for the sale?
The Owner / Seller is preparing for retirement.

Why is this a good business?
- Established business. - Profitable and Positive Cash Flow. - Good Location / Trading Area. - Selling for close to 50% of what a similar business would cost to setup and start from new. - Fantastic option for someone looking to be their own boss. - Fantastic option for someone looking to trade in this sector without having to start the business from scratch.

What is the price plus stock and the profit?
- Selling for R2.3mil including stock in trade & loan books to a total of roughly R750 000. - Monthly Profit of R50 000 (this is before an owner or manager salary)

Other listings by Eduan
FRANCHISE DETAILS

Aldes Jacaranda

2 members
17 active mandates
Gauteng , Centurion
14 Brook Crescent Midfield Estate Midstream Olifantsfontein
Centurion
0181

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

N$ 3.04MNAD
Franchise
Added : 24 Jul 2020 50
Yearly profit: N$998,425
Northern Namibia
R 2.50MZAR
Franchise
Added : 15 Jul 2019 906
Yearly profit: R988,238
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.05MZAR
Added : 13 Aug 2020 21
Yearly profit: R533,929
Gauteng
R 1.53MZAR
Added : 7 Aug 2020 74
Yearly profit: R347,678
Gauteng
R 580KZAR
Added : 4 Aug 2020 110
Profit*: R497,794 *(10 months)
Gauteng
R 1.66MZAR
Added : 31 Jul 2020 132
Yearly profit: R512,103
Gauteng
R 1.80MZAR
Added : 23 Jul 2020 364
Yearly profit: R1,071,343
Gauteng
R 350KZAR
Added : 22 Jul 2020 264
Yearly profit: R335,266
Gauteng
R 1.04MZAR
Added : 19 Jul 2020 294
Yearly profit: R481,587
Gauteng
R 1.63MZAR
Added : 17 Jul 2020 285
Yearly profit: R690,228
Gauteng