Fully describe the business's activities?
Well known national franchised Pawn shop in the East rand area. The structure of the business is divided into 4 categories. These are new goods,second hand goods, pawning. These different areas provide business in all types of economical climates.
How long has the business been established?
This franchise was established in 2005
How long has the owner had the business?
How does the business operate on a daily basis?
The business is manager run with very little input by the owner.
How are the clients attracted to the business?
Regular customer base and walk in business.
What Advertising/Marketing is carried out?
TV ads, franchisor website, bulk sms campaigns, promotional pamphlets andJunk mail.
Does the business have any contract work?
What competition exists?
Nationally there is a franchised competitor, but no direct competition to this store in the area.
What are the seasonal trends?
No real seasonal trends, but January months are slower.
Is the business VAT Registered?
What VAT documentation is on file?
Will be available for a serious buyer.
Are there up-to-date Management Accounts available?
Yes Pastel statements ending Feb 2021
What Balance Sheet and Income Statements are available?
Yes ending Feb 2021
What percentage of the business is cash/credit?
50/50 Cash/card income
How could the profitability of the business be improved?
Updated local store marketing plan
Is Seller finance available and for what amount?
What is the total staff complement?
11 Permanent staff members
Give a breakdown of staff/ functions/ length of service?
1 manager and 10 sales persons
Do any receive special perks or incentives?
Yes. All staff is incentivised
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
The business is manager run. Owner is not actively involved in the running of the business
When does the current lease end?
Newly Renewed ending 2025
Is there an option of renewal & what period?
Yes for 3 years
What is the annual escalation %?
What are the trading hours?
7 DAYS FROM 8H00 T0 17H00
What is the square meters of the business?
Plus minus 216 Square meters
Is a copy of the lease available?
Yes on request
Do you require a licence?
What are the main assets of the business?
Stock holding is around R900 000 Assets R300 000
What is their overall condition?
Mostly second hand goods that are in a good condition
Do any require repairing?
How have they been valued ?
Are they presently insured?
Recession proof, well established, well run business
Lack of owner involvement
An investment in more stock will increase the business even further
What is the reason for the sale?
The owner wants to retire.
Why is this a good business?
Recession proof, well run, well established business. Any owner involvement will increase business. This business has the potential to reach profits in excess ofR60 000 pm but needs a good owner indolent.
What is the price plus stock and the profit?
Stock R900 000 assets R300 000 Selling price,all inclusive R2 660 000
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