Sectors / Category

Annual turnover

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  • Mandate: 34321
  • Added: 09 Nov 2020
  • AFS
  • 428

Biltong store with captive market

Gauteng, Johannesburg
428
Mandate 34321
Added 09 Nov 2020
R 635,000* ZAR
Stock: R 30,000
Assets: R 0
R 37,110 ZAR
Peter Kind
(PRINCIPAL)
Aldes Platinum
Gauteng, Midrand
Gauteng, Midrand
Summary

Biltong store in sought after location with a captive market making impressive profits. Easy to run with opportunities to lower cost of sales and improve profitability.

SELLING PRICE AFS
R 635,000* ZAR
Stock: R30,000
Assets: R0
R 37,110 ZAR
Summary

Biltong store in sought after location with a captive market making impressive profits. Easy to run with opportunities to lower cost of sales and improve profitability.

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Fully describe the business's activities?
This biltong store is situated in the duty free international terminals supplying mainly overseas tourists.

How long has the business been established?
2 years

How long has the owner had the business?
Since inception

How does the business operate on a daily basis?
Selling biltong, nuts, dried fruit and beverages to overseas tourists departing South Africa.

How are the clients attracted to the business?
Location is prime!!

What Advertising/Marketing is carried out?
None, passer by trade only.

What competition exists?
No competition.

What are the seasonal trends?
Summer months are better due to influx of tourists.

How did the Covid-19 pandemic impact the business turnover / daily operations?
Covid has affected the business due to the slow down in tourism.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
The landlord has allowed a rental grace period.

Is the business VAT Registered?
No.

What percentage of the business is cash/credit?
90% Credit card/ 10 % cash

How could the profitability of the business be improved?
Sourcing better pricing and opening another kiosk in another part of the airport.

Is Seller finance available and for what amount?
No.

What is the total staff complement?
1 x permanent 2 x casual

Give a breakdown of staff/ functions/ length of service?
2 years

Are they on contract?
Yes, the permanent employee is on contract.

Do any have management potential?
Yes.

How involved is the Owner in running the business?
Daily basis.

When does the current lease end?
2023

Is there an option of renewal & what period?
3 years

What is the annual escalation %?
10%

What are the trading hours?
6am to 10pm Mon - Sunday

What is the square meters of the business?
15sqm

Is a copy of the lease available?
Yes

Do you require a licence?
No.

What lease deposit and/or other surety is required?
2 months rental deposit.

What are the main assets of the business?
Complete kiosk with point of sale.

What is their overall condition?
Good working condition.

How have they been valued ?
Owner valuation.

Strengths?
Captive market no direct competition.

Opportunities?
Source better pricing from suppliers. Open another kiosk in another part of the airport.

Threats?
Covid.

What is the reason for the sale?
The owner wants to focus on other business interests.

Why is this a good business?
Captive market with great ROI.

What is the price plus stock and the profit?
R605 000-00 excluding stock.

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FRANCHISE DETAILS

Aldes Platinum

2 members
17 active mandates
Gauteng , Midrand
8 Baltoro Crescent Midstream Hill
Midrand
0157

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