Fully describe the business's activities?
The business operates a curio shop within a popular tourist destination, well laid out shop at the entrance to the facility
How long has the business been established?
Since September 2019
How long has the owner had the business?
How does the business operate on a daily basis?
The business is operated by a manager and a casual at weekends, however there are no staff during the lockdown, which could be run by a family team and save the managers salary going forward
How are the clients attracted to the business?
The shop is the only one of it's kind in the facility
What Advertising/Marketing is carried out?
None at the moment other than passing trade
Does the business have any contract work?
What competition exists?
What are the seasonal trends?
Summer months are best and school holiday periods are the busiest
How did the Covid-19 pandemic impact the business turnover / daily operations?
The business is currently in lockdown, fortunately rent, electricity and water are based om 10% of turnover so there are basically no expenses other than insurance
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Closed at the moment
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
60% card 40% cash
How could the profitability of the business be improved?
Advertising and social media plus perhaps running a mobile bicycle shop
Is Seller finance available and for what amount?
What is the total staff complement?
The business can be run by one person with a casual over busy weekends
Give a breakdown of staff/ functions/ length of service?
None at the moment
Do any receive special perks or incentives?
How involved is the Owner in running the business?
The owner was spending a few hours a week at the shop
Any special arrangements for the staff related to the Covid-19 pandemic?
All staff have been laid off
When does the current lease end?
There is a three year lease in place
Is there an option of renewal & what period?
Subject to negotiation
What are the trading hours?
09h00 to 17h30 7 days a week, however the business can probably close on Monday and Tuesday if a new owner wished to
What is the square meters of the business?
164 square metres
Is a copy of the lease available?
Will be made available when required
Do you require a licence?
What are the main assets of the business?
The shop has been very well fitted at over R300k plus furniture and fittings
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
The point of sale system is rented monthly
Will Seller settle or Buyer to take over?
Buyer to continue with POS system
Are they presently insured?
Well located with a captive audience, lots of foot traffic, very good margins, some stock is on consignment which saves cashflow
None other than Covid 19
This can be a great little goldmine and with more awareness should grow very well. Put in a mobile unit may assist sales and awareness
None other than Covid 19
What is the reason for the sale?
The sellers other business are all in Pretoria and they want to concentrate their efforts in that area
Why is this a good business?
The shop was profitable from the first month and should continue to grow
What is the price plus stock and the profit?
Selling at R460 000 plus stock of approximately R169 000 in addition there is consignment stock of approximately R83 000
Annual Turnover Amount between R 500 thousand and R 6 million