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  • Mandate: 34076
  • Added: 20 Jun 2020
  • AFS
  • 264

Retail African Curio Shop in Popular Tourist Spot Including R169k Stock

Gauteng, Johannesburg
264
Mandate 34076
Added 20 Jun 2020
R 629,000* ZAR
Stock: R 169,000
Assets: R 0
R 17,239 ZAR
Steve Boardman
(PRINCIPAL)
Aldes Central
Gauteng, Edenvale
Gauteng, Edenvale
Summary

Retail African Curio Shop in Popular Tourist Spot. Large well laid out and stocked shop at the entrance to popular day visitor destination

Retail African Curio Shop in Popular Tourist Spot Including R169k Stock
SELLING PRICE AFS
R 629,000* ZAR
Stock: R169,000
Assets: R0
R 17,239 ZAR
Summary

Retail African Curio Shop in Popular Tourist Spot. Large well laid out and stocked shop at the entrance to popular day visitor destination

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please supply us with your details below

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?
Since inception

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?
No

What competition exists?
None

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?
No

Are there up-to-date Management Accounts available?
Management accounts

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?
No

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?
No

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?
No

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?
No

What is their overall condition?
Excellent

Do any require repairing?
No

How have they been valued ?
Cost

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?
Yes

Strengths?
Well located with a captive audience, lots of foot traffic, very good margins, some stock is on consignment which saves cashflow

Weaknesses?
None other than Covid 19

Opportunities?
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

Threats?
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

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FRANCHISE DETAILS

Aldes Central

1 members
8 active mandates
Gauteng , Edenvale
107 First Avenue Edenvale
Edenvale
2026

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