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Annual turnover

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  • Mandate: 34517
  • Added: 04 Mar 2021
  • AFS
  • 70

Well known Franchised Pawn shop

Gauteng, Johannesburg
70
Mandate 34517
Added 04 Mar 2021
R 2,660,000* ZAR
Stock: R 900,000
Assets: R 300,000
R 66,421 ZAR
Johan Mouton
Aldes Focus
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

A Franchised pawn shop that sell new,second had goods as well a pawning functions

Well known Franchised Pawn shop
SELLING PRICE AFS
R 2,660,000* ZAR
Stock: R900,000
Assets: R300,000
R 66,421 ZAR
Summary

A Franchised pawn shop that sell new,second had goods as well a pawning functions

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please supply us with your details below

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?
From 2005

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?
NO

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?
Yes

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?
No

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?
Yes

Do any have management potential?
Current manager

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 %?
7%

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?
Yes

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?
No

How have they been valued ?
Owners valued

Are they presently insured?
Yes

Strengths?
Recession proof, well established, well run business

Weaknesses?
Lack of owner involvement

Opportunities?
An investment in more stock will increase the business even further

Threats?
None perceived

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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AGENCY DETAILS

Aldes Focus

7 members
56 mandates
Gauteng , Pretoria East
Menlyn Corporate Park - 4th Floor, Suite H2 175 Corobay Avenue Waterkloof Glen Pretoria , Pretoria East , Gauteng
Pretoria East
0081

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