Sectors / Category

Annual turnover

|
  • Mandate: 34200
  • Added: 07 Sep 2020
  • AFS
  • 548

EXCLUSIVE MANDATE, Cash generating, Liquor Store in Lenasia South

Gauteng, Johannesburg
548
Mandate 34200
Added 07 Sep 2020
R 6,000,000* ZAR
Stock: R 1,000,000
Assets: R 50,000
R 197,544 ZAR
Andre Botha
(PRINCIPAL)
Aldes Pro
Gauteng
Summary

Liquor store servicing a large emerging market clientele in surrounding areas, 100% cash sales. Back to normal trading numbers since level 2 was introduced.

EXCLUSIVE MANDATE,  Cash generating, Liquor Store in Lenasia South
SELLING PRICE AFS
R 6,000,000* ZAR
Stock: R1,000,000
Assets: R50,000
R 197,544 ZAR
Summary

Liquor store servicing a large emerging market clientele in surrounding areas, 100% cash sales. Back to normal trading numbers since level 2 was introduced.

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

Fully describe the business's activities?
This bottle store in Lenasia has several informal settlements in the area. These inhabitants make up a large portion of the customer base. The business focus on volume sales and possibly more into Beer than other liquor types. It is not your usual store with shop frontage and most business is done behind the counter.

How long has the owner had the business?
2 years

How does the business operate on a daily basis?
The seller does most of the buying and pricing. He does however have sufficient staff in place to assist with the day to day running of the operation.

How are the clients attracted to the business?
This is the only liquor store in the area. It is situated in a strip mall centre with cashbuild, shoprite, chicken licken being erected, who draw feet to the centre.

What Advertising/Marketing is carried out?
None

How did the Covid-19 pandemic impact the business turnover / daily operations?
It did impact the business as they had to close down for a while, but sales are back to where they were before lockdown.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Up to date....

Are there up-to-date Management Accounts available?
The only decent records that are available are printouts from the Point of sale system. However very accurate and well laid out. These can be discussed with the seller and viewed during the viewing process. Expenses are very low in this operation, hence high return on sales, and is recorded on an excel spreadsheet by the seller.

What Balance Sheet and Income Statements are available?
To be discussed.

What percentage of the business is cash/credit?
This is a 100% cash business (small amount of credit card sales). there are modern, electronic, drop safes installed in the store.

Is Seller finance available and for what amount?
No

What is the total staff complement?
Ten

Do any have management potential?
Yes

How involved is the Owner in running the business?
He is involved daily but not necessarily needed.

What are the main assets of the business?
There is a decent Point Of Sale system in-store.

Strengths?
100% CASH Business

Weaknesses?
7 days a week.

What is the reason for the sale?
The seller have lost both his parents in the recent past and his father was fairly involved in the day to day running of the business. He does not have the will to continue alone.

Why is this a good business?
No marketing needed as it is surrounded by many settlements, suburbs in the area. It is a cash only business. No major equipment maintenance needed, with very low expenses other than salaries. Please note that formal financials will not give any indication of the magnitude of the business and it will call for a due diligence to be done in the business by a potential buyer. Due to the lack of decent financials a financial institution will not borrow money for such a operation. It essentially means that the Buyer will need to come up with the full purchase price.

What is the price plus stock and the profit?
R4,5m plus stock of R1m.

Other listings by Andre
R 13.65MZAR
Added : 25 Feb 2021 91
Yearly profit: R1,525,616
Gauteng
R 5.90MZAR
Added : 26 Jan 2021 230
Yearly profit: R1,698,609
Gauteng
R 2.05MZAR
Franchise
Added : 23 Jan 2021 439
Yearly profit: R1,094,284
Gauteng
FRANCHISE DETAILS

Aldes Pro

3 members
24 active mandates
Gauteng
Malcolm Road
0000

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

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 2.10MZAR
Added : 22 Feb 2021 69
Yearly profit: R596,225
Gauteng
R 485KZAR
Added : 19 Feb 2021 158
Yearly profit: R46,444
Gauteng
R 395KZAR
Added : 15 Feb 2021 533
Yearly profit: R66,627
Gauteng
R 350KZAR
Franchise
Added : 11 Feb 2021 377
Yearly profit: R255,070
Gauteng
R 855KZAR
Added : 9 Feb 2021 182
Yearly profit: R270,237
Gauteng
R 1.33MZAR
Added : 3 Feb 2021 268
Yearly profit: R477,897
Gauteng
R 510KZAR
Added : 3 Feb 2021 624
Profit*: R273,089 *(10 months)
Gauteng
R 2.50MZAR
Added : 27 Jan 2021 361
Yearly profit: R924,000
Gauteng