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 (âwalk-insâ) 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?
What competition exists?
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?
Is Seller finance available and for what amount?
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?
Are they on contract?
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?
Is a copy of the lease available?
Yes, a copy of the lease is available.
Do you require a licence?
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?
What is their overall condition?
Do any require repairing?
No repairing is needed
How have they been valued ?
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.
Convenience Home baking experience and freshness The Concept: good eating experience Economical.
External marketing to other institutions. Expansion of delivery service
Poor economic conditions High electricity cost.
What is the reason for the sale?
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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