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Annual turnover

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  • Mandate: 34536
  • Added: 03 Mar 2021
  • AFS
  • 229

Dried Fruit and Nuts retail store in Oudtshoorn. Long established.

Western Cape, Garden Route
229
Mandate 34536
Added 03 Mar 2021
R 300,000* ZAR
Stock: R 60,000
Assets: R 0
R 10,092 ZAR
Noel Heath
(PRINCIPAL)
Aldes Triumph
Western Cape
Western Cape
Summary

Situated in a busy mall in Oudtshoorn, this retail store is part of a large group with very strong brand awareness nationally. The Owner has a number of these outlets based in the Cape but this one has been run by his parents who wish to retire. This is an easy lifestyle business especially for a semi retired couple who want to keep busy and earn some extra spending money. Easy to manage and not too demanding.

SELLING PRICE AFS
R 300,000* ZAR
Stock: R60,000
Assets: R0
R 10,092 ZAR
Summary

Situated in a busy mall in Oudtshoorn, this retail store is part of a large group with very strong brand awareness nationally. The Owner has a number of these outlets based in the Cape but this one has been run by his parents who wish to retire. This is an easy lifestyle business especially for a semi retired couple who want to keep busy and earn some extra spending money. Easy to manage and not too demanding.

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Fully describe the business's activities?
Retail shop selling dried fruit, nuts, seeds and other related products. Part of a large retail group of stores with national coverage.

How long has the business been established?
10 years

How long has the owner had the business?
8 years

How does the business operate on a daily basis?
Trading hours - Monday to Friday 09h00 to 18h00 Saturday 09h00 to 15h00

How are the clients attracted to the business?
The Head Offices makes use of a number of social media platforms for marketing initiatives

What Advertising/Marketing is carried out?
Social media platforms for marketing initiatives Strong website Wide distribution

Is the business VAT Registered?
No

What VAT documentation is on file?
N/A

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
Balance sheets & Income statements

What percentage of the business is cash/credit?
40% cash 60% card

How could the profitability of the business be improved?
An Owner operator would be able to grow the business through personal involvement.

What is the total staff complement?
2

Do any receive special perks or incentives?
No

Are they on contract?
Yes

How involved is the Owner in running the business?
The owner handles the stock orders, accounts and salary payments.

When does the current lease end?
June 2021

Is there an option of renewal & what period?
Yes there is an option to renew.

What are the trading hours?
Monday to Friday 09h00 to 18h00 Saturday 09h00 to 15h00

What is the square meters of the business?
47m2

Is a copy of the lease available?
Yes, as and when required.

What lease deposit and/or other surety is required?
R 7000.00

What are the main assets of the business?
Retail display equipment and point of sale system

Are any items not included in the sale?
No

What is their overall condition?
Good

Do any require repairing?
No

What are their settlement amounts?
N/A

Are they presently insured?
Yes

Strengths?
Strong brand awareness. Sought after product range

Opportunities?
The new Owner will have the opportunity to increase the range and stock holding as well as local marketing initiatives as they feel appropriate.

What is the reason for the sale?
The Owners parents are managing the store and they would like to retire in the not too distant future.

What is the price plus stock and the profit?
Selling price R 240 000 Stock R65 000 to R 80 000 Profit around R10,000 per month on average.

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FRANCHISE DETAILS

Aldes Triumph

1 members
14 active mandates
Western Cape
8A Loerie Street, Bergsig
6529

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