Sectors / Category

Annual turnover

|
  • Mandate: 34208
  • Added: 14 Sep 2020
  • AFS
  • 326

Pretoria Liquor Store

Gauteng, Pretoria
326
Mandate 34208
Added 14 Sep 2020
R 510,000* ZAR
Stock: R 60,000
Assets: R 100,000
R 16,340 ZAR
Frank Schrempel
(PRINCIPAL)
Aldes Orion
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

Liquor Store situation on a busy main road with huge potential in an established part of Pretoria. These are always in demand and with excellent growth potential, the store also has enough floor and packing space to accommodate growth.

Pretoria Liquor Store
SELLING PRICE AFS
R 510,000* ZAR
Stock: R60,000
Assets: R100,000
R 16,340 ZAR
Summary

Liquor Store situation on a busy main road with huge potential in an established part of Pretoria. These are always in demand and with excellent growth potential, the store also has enough floor and packing space to accommodate growth.

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

Fully describe the business's activities?
Bottle Store/Liquor Store

How long has the business been established?
20 Plus years

How long has the owner had the business?
Three years

How does the business operate on a daily basis?
Owner run

How are the clients attracted to the business?
Regular clients mostly

What Advertising/Marketing is carried out?
None

Does the business have any contract work?
No

What competition exists?
The normal for Bottle Stores and Liquor Stores

What are the seasonal trends?
Sumner and holidays, especially December are the busiest times

How did the Covid-19 pandemic impact the business turnover / daily operations?
Closed during level 3 and above lock down and currently closed on Friday, Saturday and Sunday

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Nothing specific

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Yes on file

Are there up-to-date Management Accounts available?
Yes, seller needs to collate for 2020 still

What Balance Sheet and Income Statements are available?
2019 and 2020

What percentage of the business is cash/credit?
Pre Covid19 this was Credit Card 30% and the balance cash, post Covid19 this now seems to be 50/50 between Card and Cash

What is the age analysis of the debtors book?
No debtors

How could the profitability of the business be improved?
Have the business well stocked and marketing, running of specials, etc. One can also look to supply the local pubs and restaurants in the area of which their a lot.

Is Seller finance available and for what amount?
No

What is the total staff complement?
One full time staff member and one two days a week staff member

Give a breakdown of staff/ functions/ length of service?
Cashier, packing and cleaning

Do any receive special perks or incentives?
Medical allowance of Three hundred rand but this is reflected on the pay slips

Are they on contract?
Yes they have contracts

Do any have management potential?
No

How involved is the Owner in running the business?
Business is owner run and all family members will leave with the owner

Any special arrangements for the staff related to the Covid-19 pandemic?
No

When does the current lease end?
Lease is currently due for renewal

Is there an option of renewal & what period?
Yes, normally around three years

What is the annual escalation %?
Between 8% and 10%

What are the trading hours?
Pre Covid19 Monday to Saturday 09:00 - 20:00 Sunday 09:00 - 14:00 Post Covid19 Monday to Thursday 09:00 - 17:00

What is the square meters of the business?
Approximately 150m²

Is a copy of the lease available?
Seller to supply

Do you require a licence?
Yes a Liquor License

What lease deposit and/or other surety is required?
Seller will supply

What are the main assets of the business?
Seller will supply asset list

Are any items not included in the sale?
There are supplier fridges and freezers on the premises, these will be identified to potential buyers

What is their overall condition?
All in working condition apart from the second cool room

Do any require repairing?
Yes, second cool room that is not being used requires a new compressor

How have they been valued ?
Second hand valuation

Which assets are on lease/HP and with whom?
None

Are they presently insured?
No

Strengths?
Bottle Store/Liquor Stores are always in demand

Weaknesses?
None Identified

Opportunities?
Wholesaling, supplying Pubs and restaurants, etc.

Threats?
Lock down impact on trading conditions

What is the reason for the sale?
Retirement

Other listings by Frank
R 1.68MZAR
Added : 22 Sep 2020 179
Yearly profit: R744,072
Gauteng
Sold
Added : 23 Jul 2020 661
Yearly profit: R1,071,343
Gauteng
Sold
Franchise
Added : 13 Apr 2020 959
Yearly profit: R469,853
Gauteng
FRANCHISE DETAILS

Aldes Orion

2 members
6 active mandates
Gauteng , Pretoria East
108 Lynburn Rd, Lynnwood Manor
Pretoria East
0081

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 570KZAR
Added : 22 Sep 2020 93
Yearly profit: R218,713
Gauteng
R 1.68MZAR
Added : 22 Sep 2020 179
Yearly profit: R744,072
Gauteng
R 550KZAR
Added : 16 Sep 2020 1585
Yearly profit: R367,337
Gauteng
R 1.12MZAR
Added : 16 Sep 2020 388
Yearly profit: R491,100
Gauteng
R 510KZAR
Added : 14 Sep 2020 326
Yearly profit: R196,085
Gauteng
R 1.45MZAR
Franchise
Added : 14 Sep 2020 1011
Profit*: R459,462 *(7 months)
Gauteng
R 160KZAR
Added : 4 Sep 2020 381
Yearly profit: R227,051
Gauteng
R 720KZAR
Added : 1 Sep 2020 209
Yearly profit: R304,974
Gauteng