Fully describe the business's activities?
The Business is a 3@1 Franchise in the Vanderbijlpark area. The business is manned by one employee, together with the owner. The business is currently running at a small loss but can be turned around by a new owner dedicated to growing it on a day to day basis and back to where it was prior to lockdown. THE SALES, EXPENSES AND NETT PROFIT SHOWN IS FOR THE 12 MONTH PERIOD OF MARCH 2019 TO FEBRUARY 2020. This therefore indicates the potential of the business pre-lockdown. Discussions on current performance and potential can be done with the seller during viewing. The Centre is very busy with lots of feet and large retail brands in the centre.
How long has the business been established?
How long has the owner had the business?
How did the Covid-19 pandemic impact the business turnover / daily operations?
The business was effected by covid therefore running at a small loss but should bounce back to normal trading soon.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
100% cash/ credit card
Is Seller finance available and for what amount?
What is the total staff complement?
1 x employee
How involved is the Owner in running the business?
What are the main assets of the business?
Copiers , computors, etc etc
Do any require repairing?
All are in excellent condition
Which assets are on lease/HP and with whom?
There are various machines on lease.
Will Seller settle or Buyer to take over?
The buyer will take over these equipment leases.
Are copies of agreements available?
Good neat little operation well situated in a good shopping centre with easy access from parking lot.
What is the reason for the sale?
The seller wishes to exit.
Why is this a good business?
Good opportunity for a single opertator.
What is the price plus stock and the profit?
R150k plus stock of +- R10k
Annual Turnover Amount between R 500 thousand and R 6 million