Fully describe the business's activities?
A large Franchised Hardware store situated on a large property, belonging to the seller and For Sale for R6m, with lots of storage areas and its own parking in the yard, supplying both wholesale to the mines and retail.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
The business has lots of walk in trade. It also supplies the mines in the surrounding areas and has a big yard for building material storage.
How are the clients attracted to the business?
The franchisor handles the advertising of product and brand building.
How did the Covid-19 pandemic impact the business turnover / daily operations?
The store is trading extremely well since it opened again after lockdown. Trading figures currently exceed those achieved for the same period in the previous year.
Is the business VAT Registered?
Yes they are.
What VAT documentation is on file?
All documentation is up to date for verification during due diligence.
Are there up-to-date Management Accounts available?
Yes, up to July 2020.
What Balance Sheet and Income Statements are available?
Is Seller finance available and for what amount?
What is the total staff complement?
Currently 12 including the 2 partners/ owners.
Are they on contract?
Yes they all are.
How involved is the Owner in running the business?
The owner and his partner are in the store daily.
When does the current lease end?
The premises housing the hardware store is 2491sqm in size, including the yard and belongs to the seller which is also for sale. (separate entity to the Hardware store)) However the premises can be bought separately at R6m. The building was valued in 2016 at R9m by a professional valuator.
What are the trading hours?
The store trades 5,1/2 day per week only, and is closed on Sundays
What is the square meters of the business?
2491sqm, including the yard area. The retail area, including storage and ablutions is 1440sqm.
What are the main assets of the business?
3 x vehicles 1 x forklift 1 x 50 kva genertaor fixtures and fitting Computers Sea Container etc etc
Are any items not included in the sale?
All are included besides a few personal things that belong to the seller and not part of the sale.
What is their overall condition?
How have they been valued ?
By the seller
What is the reason for the sale?
The seller is retiring and moving to Pretoria into his retirement property.
Why is this a good business?
The business is selling at a good price, is extremely well established, with little or no competition and with lots of storage space for expansion if needed.
What is the price plus stock and the profit?
R5,9m including stock of over R2,4m. Please note that a refundable deposit of R500k will be required prior to a buyer performing a due diligence in-store( discuss with broker) Viewing is strictly by appointment together with broker.
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