Sectors / Category

Annual turnover

  • Mandate: 34296
  • Added: 25 Oct 2020
  • AFS
  • 534

Pet Shop Pretoria East

Gauteng, Pretoria
Mandate 34296
Added 25 Oct 2020
R 630,000* ZAR
Stock: R 185,000
Assets: R 140,000
R 26,251 ZAR
Frank Schrempel
Aldes Orion
Gauteng, Pretoria East
Gauteng, Pretoria East

Pet Shop in Pretoria East

Pet Shop Pretoria East
R 630,000* ZAR
Stock: R185,000
Assets: R140,000
R 26,251 ZAR

Pet Shop in Pretoria East

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Fully describe the business's activities?
Pets and pets accessories trading also commonly referred to as a Pet Shop The business took a bit of a drop in turnover due to some work done on the centre recently, however, this is all completed and the business has bounced back to its normal numbers, also there is no further work planned in the centre for the foreseeable future. The supporting financial numbers clearly identify this. Also, the business has proved itself to be largely immune to any drop in revenue due to Covid-19

How long has the business been established?
Four years

How long has the owner had the business?
The owner started the business

How does the business operate on a daily basis?
The business is run by the owners wife and one staff member, the owners wife will be leaving however the staff member is fully competent in running the business

How are the clients attracted to the business?
Word of mouth

What Advertising/Marketing is carried out?
Basically two posts per wee on Facebook as well as Whatsapp

Does the business have any contract work?

What competition exists?
There is a similar store in a centre approximately three kilometres away

What are the seasonal trends?
Trade is constant during the year, stock is adjusted for the winter months to accommodate for the weather

How did the Covid-19 pandemic impact the business turnover / daily operations?
No effect other than home deliveries have picked

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
As per regulations

Is the business VAT Registered?

Are there up-to-date Management Accounts available?

What Balance Sheet and Income Statements are available?

What percentage of the business is cash/credit?
Credit Card is approximately 75% The balance is cash and there is no EFT

What is the age analysis of the debtors book?
There are no Debtors

How could the profitability of the business be improved?
More advertising as well as pushing the Home Deliveries side

Is Seller finance available and for what amount?

What is the total staff complement?
Two staff, one is the owner's wife who will be leaving when the business is sold, the remaining staff has been well trained to run the business and is super enthusiastic

Give a breakdown of staff/ functions/ length of service?
More than a full year

Do any receive special perks or incentives?
The remaining staff member has just received a salary increase

Are they on contract?
Yes in place

Do any have management potential?
The remaining staff member definitely has management potential and should the business not sell the owner will put this staff member in charge of running the business.

How involved is the Owner in running the business?
Current the owner's wife runs the business but will be leaving with the sale

Any special arrangements for the staff related to the Covid-19 pandemic?
Just according to the regulations

When does the current lease end?
Mid 2021

Is there an option of renewal & what period?
Yes for 5 years

What is the annual escalation %?
8% on all

What are the trading hours?
09:00-17:30 Monday to Friday 09:00-13:30 Saturdays

What is the square meters of the business?

Is a copy of the lease available?

Do you require a licence?

What lease deposit and/or other surety is required?
Two months deposit is required

What are the main assets of the business?
Shop fittings

Are any items not included in the sale?
The Parrot and it's cage belong to the owner and not part of the sale

What is their overall condition?
All in good working condition

Do any require repairing?
Ongoing repairs and maintenance are performed

How have they been valued ?
Book valuation

Are they presently insured?

Business is very well established and known The staff are very knowledgeable and well trained and enthusiastic Great location and area in a very popular shopping centre Centre revamps are all completed and none planned for the current future

Shop size could be bigger to accommodate more stock

None identified

What is the reason for the sale?
Seller has been doing this for 30 years and is busy changing and transitioning into other businesses

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