Sectors / Category

Annual turnover

|
  • Mandate: 33903
  • Added: 14 Feb 2020
  • AFS
  • 610

Well Established Biltong & Sweet Shop

KwaZulu-Natal, Durban
610
Mandate 33903
Added 14 Feb 2020
R 450,000* ZAR
Stock: R 10,000
Assets: R 50,000
R 22,190 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Perfectly located & well established biltong & sweet shop - business has been established for the last 20 years. Easy to run, simple and perfect for anyone that wants to start off in business. Only needs one staff member and is the perfect owner run business. The business has a strong solid & loyal client base and following. It also offers a National Lotto facility that attacks many clients to the business.

SELLING PRICE AFS
R 450,000* ZAR
Stock: R10,000
Assets: R50,000
R 22,190 ZAR
Summary

Perfectly located & well established biltong & sweet shop - business has been established for the last 20 years. Easy to run, simple and perfect for anyone that wants to start off in business. Only needs one staff member and is the perfect owner run business. The business has a strong solid & loyal client base and following. It also offers a National Lotto facility that attacks many clients to the business.

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

Fully describe the business's activities?
Biltong & sweets shop - National Lottery

How long has the business been established?
20 Years

How long has the owner had the business?
20 Years, owner established the business.

How does the business operate on a daily basis?
Business is owner run; there is one other staff that helps out periodically.

How are the clients attracted to the business?
Business has been established for 20 years and has a solid/loyal client base. Very well located in a shopping mall with anchor tenants attracting clients.

What competition exists?
Pick & Pay does biltong however does not come close to the quality this shop offers.

What are the seasonal trends?
Business is very constant throughout the year with a slight increase over December.

Are there up-to-date Management Accounts available?
Yes, available to any serious enquiries during due diligence stages.

What Balance Sheet and Income Statements are available?
Financials

What percentage of the business is cash/credit?
30% Electronic/Credit/Debit & 70% Cash

How could the profitability of the business be improved?
Add more products like hampers, biltong cutters, nuts, dried snacks & slush puppy machine.

What is the total staff complement?
1 Owner plus 1 staff

Do any have management potential?
Owner run business.

How involved is the Owner in running the business?
100%

When does the current lease end?
April 2022

Is there an option of renewal & what period?
Yes a further 3 years.

What is the annual escalation %?
8%

What are the trading hours?
Monday - Fridays 8am - 6pm, Saturday 8am - 4pm, Sunday 9am - 3pm

What is the square meters of the business?
43 sqm

Who is the Owner/Landlord?
Artemis Properties managed by JHI.

Is a copy of the lease available?
Yes.

What lease deposit and/or other surety is required?
2 Months rental +- R 50 000.00

What are the main assets of the business?
Displays, Shelving, 2 biltong cutters, 2 tills & 1 scale. Lotto machines and cool drink fridges are on service agreements.

Are any items not included in the sale?
All included as per assets list.

What is their overall condition?
Excellent and well kept.

Do any require repairing?
All well maintained.

How have they been valued ?
Current market related values

Which assets are on lease/HP and with whom?
Lotto machines and cool drink fridges on service agreements.

Are copies of agreements available?
Yes.

Are they presently insured?
Yes, full comprehensive insurance in place.

Strengths?
Business is well located and very well established in a shopping centre. Anchor tenants attract many clients; business had a very solid & loyal client base. Easy to manage and run business. Potential to increase profits, perfect business to enter an owner run business.

Weaknesses?
Owner run business.

Opportunities?
Add more products like hampers, biltong cutters, nuts, dried snacks & slush puppy machine.

Threats?
No direct threats, business have been established for 20 years.

What is the reason for the sale?
Owner wants to retire.

Other listings by Werner
R 14.50MZAR
Added : 11 May 2020 397
Yearly profit: R4,319,392
Gauteng
R 21.50MZAR
Added : 11 May 2020 349
Yearly profit: R5,988,195
Gauteng
R 1.80MZAR
Added : 19 Mar 2020 492
Profit*: R578,198 *(9 months)
KwaZulu-Natal
FRANCHISE DETAILS

Aldes Zululand

2 members
33 active mandates
KwaZulu-Natal
28 Bronze Street
3880

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

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 550KZAR
Added : 9 Jul 2020 102
Yearly profit: R326,618
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 550KZAR
Added : 9 Jul 2020 102
Yearly profit: R326,618
Gauteng
R 1.20MZAR
Added : 8 Jul 2020 90
Yearly profit: R521,567
Gauteng
R 570KZAR
Added : 6 Jul 2020 116
Yearly profit: R316,287
Gauteng
R 2.30MZAR
Franchise
Added : 4 Jul 2020 121
Yearly profit: R605,679
Gauteng
R 1.75MZAR
Added : 25 Jun 2020 1610
Yearly profit: R1,318,897
Gauteng
R 629KZAR
Added : 20 Jun 2020 264
Profit*: R103,436 *(6 months)
Gauteng
R 649KZAR
Added : 5 Jun 2020 330
Yearly profit: R407,676
Gauteng
R 1.95MZAR
Added : 21 May 2020 817
Yearly profit: R812,722
Gauteng