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?
How does the business operate on a daily basis?
How are the clients attracted to the business?
Regular clients mostly
What Advertising/Marketing is carried out?
Does the business have any contract work?
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?
Is the business VAT Registered?
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?
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?
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?
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?
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?
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?
Are they presently insured?
Bottle Store/Liquor Stores are always in demand
Wholesaling, supplying Pubs and restaurants, etc.
Lock down impact on trading conditions
What is the reason for the sale?
Annual Turnover Amount between R 500 thousand and R 6 million