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?
How long has the owner had the business?
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?
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?
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?
What is the total staff complement?
1 x permanent 2 x casual
Give a breakdown of staff/ functions/ length of service?
Are they on contract?
Yes, the permanent employee is on contract.
Do any have management potential?
How involved is the Owner in running the business?
When does the current lease end?
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
6am to 10pm Mon - Sunday
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?
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 ?
Captive market no direct competition.
Source better pricing from suppliers. Open another kiosk in another part of the airport.
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.
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million