Sectors / Category

Annual turnover

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  • Mandate: 33673
  • Added: 13 Oct 2021
  • AFS
  • 152

CLEARANCE SALE - PRICE DRASTICALLY REDUCED - URGENT SALE - STOCK INCLUDED - Franchise

Free State, Bloemfontein
152
Mandate 33673
Added 13 Oct 2021
R 1,100,000* ZAR
Stock: R 0
Assets: R 2,161,106
R 34,332 ZAR
Pierre De Klerk
(PRINCIPAL)
Aldes Bloemfontein
Free State, Bloemfontein
Free State, Bloemfontein
Summary

Frozen Pastries, pies and breads

SELLING PRICE AFS
R 1,100,000* ZAR
Stock: R0
Assets: R2,161,106
R 34,332 ZAR
Summary

Frozen Pastries, pies and breads

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please supply us with your details below

Fully describe the business's activities?
The business sell previously prepared frozen / refrigerated dough/pastry/pies products to the retail market for home use as well as baked goods.

How long has the business been established?
This business has been established for 8 years

How long has the owner had the business?
The owner has the business for two years

How does the business operate on a daily basis?
The business is open to the Public (“walk-ins”) on a daily basis. Stock is kept in freezers and there are display cabinets within the shop that attracts walk in trade.

How are the clients attracted to the business?
Friendly and knowledgeable staff, well stocked cabinets, hygienic and clean shop, delivery service. Social media and word of mouth

Does the business have any contract work?
No

What competition exists?
None

What are the seasonal trends?
There tends to be more sales during the months of April and December

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

What VAT documentation is on file?
All VAT documentation is on file.

Are there up-to-date Management Accounts available?
Yes up-to-date management accounts are available. Owner Valuation

What Balance Sheet and Income Statements are available?
The past 12 months.

What percentage of the business is cash/credit?
100% cash

Is Seller finance available and for what amount?
No

What is the total staff complement?
A total of 6 staff members.

Give a breakdown of staff/ functions/ length of service?
1 x Manager 1 x Assistant manager 2 x Staff members working in pies/pastry 2 x Staff members working in stock

Do any receive special perks or incentives?
No

Are they on contract?
Yes, permanently

Do any have management potential?
Yes, manager already appointed

How involved is the Owner in running the business?
The owner spends +- 30% of his time in the business

When does the current lease end?
The current lease ends in 2021

Is there an option of renewal & what period?
Yes there is an option for renewal.

What is the annual escalation %?
7% annual escalation

What are the trading hours?
Mondays - Fridays 09:00 - 17:30 Saturdays 08:30 - 15:00 Sundays 09:00 - 13:00

What is the square meters of the business?
339 square meters

Who is the Owner/Landlord?
Extended Landlord

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

Do you require a licence?
No

What lease deposit and/or other surety is required?
2 months deposit is required

What are the main assets of the business?
The equipment is the main assets

Are any items not included in the sale?
No

What is their overall condition?
Very good

Do any require repairing?
No repairing is needed

How have they been valued ?
Owner valuation

Which assets are on lease/HP and with whom?
Nissan NP 200 - cashier system Credit card links and Internet connection are on rental basis.

Will Seller settle or Buyer to take over?
The buyer will take over the lease agreement

Are copies of agreements available?
Yes, agreements available

Are they presently insured?
Yes they are insured.

Strengths?
Convenience Home baking experience and freshness The Concept: good eating experience Economical.

Weaknesses?
Manager operated

Opportunities?
External marketing to other institutions. Expansion of delivery service

Threats?
Poor economic conditions High electricity cost.

What is the reason for the sale?
Personal reasons

Why is this a good business?
Great potential for expansion

What is the price plus stock and the profit?
R1 000 000.00 - Selling Price R 150 000.00 - Stock incl. R 100 000.00 - Commission R1 100 000.00 - Total Selling Price

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AGENCY DETAILS

Aldes Bloemfontein

1 members
8 mandates
Free State , Bloemfontein
Street
Bloemfontein
9701

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