Sectors / Category

Annual turnover

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  • Mandate: 33863
  • Added: 14 Feb 2020
  • AFS
  • 73

German Gluhwein

Western Cape, Helderberg & Winelands
73
Mandate 33863
Added 14 Feb 2020
R 323,000* ZAR
Stock: R 0
Assets: R 0
R 12,689 ZAR
Roy Harrington
Aldes Atlantic
Western Cape, Cape Town
Western Cape, Cape Town
Summary

German Gluhwein, the popular, authentic winter warmer is the traditional German drink. It is sold in various packaging and sizes. Spice mix is mixed with red wine and warmed up for consumption .

SELLING PRICE AFS
R 323,000* ZAR
Stock: R0
Assets: R0
R 12,689 ZAR
Summary

German Gluhwein, the popular, authentic winter warmer is the traditional German drink. It is sold in various packaging and sizes. Spice mix is mixed with red wine and warmed up for consumption .

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please supply us with your details below

Fully describe the business's activities?
German Gluhwein, the popular, authentic winter warmer is the traditional German drink. It is sold in various packaging and sizes. Spice mix is mixed with red wine and warmed up for consumption .

How long has the business been established?
10 years

How long has the owner had the business?
10 years

How does the business operate on a daily basis?
Orders are produced freshly and shopped daily. Delivery is made by courier to over 200 shops in SA

How are the clients attracted to the business?
Face book and Fairs

What Advertising/Marketing is carried out?
Facebook and Fairs

What competition exists?
none in SA

What are the seasonal trends?
Seasonal trends are during winter and at Christmas time

Is the business VAT Registered?
No

What VAT documentation is on file?
Limited

Are there up-to-date Management Accounts available?
Excel spreadsheets

What Balance Sheet and Income Statements are available?
Excel spreadsheets - No AFS

What percentage of the business is cash/credit?
95% Cash 5% Credit

What is the age analysis of the debtors book?
on the 5% Credit , within 30 days

How could the profitability of the business be improved?
Opportunity is to produce Gluhwein in bottles to improve profitability

Is Seller finance available and for what amount?
None

What is the total staff complement?
2 staff members owner and wife

Give a breakdown of staff/ functions/ length of service?
each staff member has more than 10 years of service

Do any receive special perks or incentives?
none

Are they on contract?
N/A

Do any have management potential?
Owner Manages the business

How involved is the Owner in running the business?
Owner and wife Manages the business

When does the current lease end?
Operate the business from home. There is no lease

Is there an option of renewal & what period?
N/A

What is the annual escalation %?
N/A

What are the trading hours?
Open 8 am Close 5 pm

What is the square meters of the business?
operate from home

Who is the Owner/Landlord?
Operate from Home

Is a copy of the lease available?
NA/

Do you require a licence?
NO

What lease deposit and/or other surety is required?
N/A

What are the main assets of the business?
MINOR ASSETS

Are any items not included in the sale?
NONE

What is their overall condition?
N/A

Do any require repairing?
N/A

How have they been valued ?
N/A

Which assets are on lease/HP and with whom?
N/A

What are their settlement amounts?
N/A

Will Seller settle or Buyer to take over?
N/A

Are copies of agreements available?
N/A

Are they presently insured?
N/A

Strengths?
Unique product in various flavours . Recipes are easy to follow

Weaknesses?
Lack of Capital to increase business

Opportunities?
Opportunities to expand in rest of SA . Business primarily focused in WC

Threats?
Potential competitors

What is the reason for the sale?
owner wants to retire

Why is this a good business?
profitable business Room for growth and excellent opportunities

What is the price plus stock and the profit?
R323000

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FRANCHISE DETAILS

Aldes Atlantic

5 members
15 active mandates
Western Cape , Cape Town
13 Imperial Bank Terraces Tyger Waterfont
Cape Town
7441

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