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?
How long has the owner had the business?
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?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
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?
Do any receive special perks or incentives?
Are they on contract?
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?
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?
Is a copy of the lease available?
Yes, as and when required.
What lease deposit and/or other surety is required?
What are the main assets of the business?
Retail display equipment and point of sale system
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
What are their settlement amounts?
Are they presently insured?
Strong brand awareness. Sought after product range
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.
Annual Turnover Amount between R 500 thousand and R 6 million