Fully describe the business's activities?
The shop sells a variety of biltong, dry wors, chilli bites, Patties, coffee beans and other related products. Their venison biltong and dry wors as well as their yellow fat biltong are fantastic sellers.
How long has the business been established?
The business was established 16 years ago
How long has the owner had the business?
Since end of March 2020. Covid-19 closed the shop during lockdown with no income. The shop reopened on the 1st October 20200.
How does the business operate on a daily basis?
The owner or assistant opens and closes the shop as per arrangement. The assistant generally runs the store during the week days. The owner and his wife prefer to work over the weekends which is their busiest time.
How are the clients attracted to the business?
Most clients are walk-byes and word of mouth.
What Advertising/Marketing is carried out?
The landlord does marketing on behalf of their tenants. A very active Facebook page is in place.
Does the business have any contract work?
What competition exists?
None in the immediate area.
What are the seasonal trends?
Stable trend throughout the year.
How did the Covid-19 pandemic impact the business turnover / daily operations?
With the initial pandemic the store was closed. The store has reopened and is running at full capacity since.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Alternative biltong / products were brought in. E.g. venison biltong.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
Point of sale statements are available as from October 2020 - March 2021. The biltong is sold mainly with a high moist content that increases the GP% to 63%.
What percentage of the business is cash/credit?
Cash 60% Credit card 40%
How could the profitability of the business be improved?
New products could be introduced. E.g. water, juices and other unique biltong products.
Is Seller finance available and for what amount?
What is the total staff complement?
Owner / wife. Store assistant.
Give a breakdown of staff/ functions/ length of service?
Assistant - handles the daily operations, places the necessary orders, daily sales and cash up.
Do any receive special perks or incentives?
Are they on contract?
No , but can be arranged.
Do any have management potential?
How involved is the Owner in running the business?
The Owner / wife oversees the orders and financials. When needed they are involved during the week - alternatively over weekends when the store is at it's busiest.
When does the current lease end?
The Lease expires in three years.
Is there an option of renewal & what period?
Yes - 3 years.
What is the annual escalation %?
What are the trading hours?
Monday to Friday: 09:00 - 18:00. Saturdays & Public Holidays: 09:00 - 15:00. Sundays: 09:00 - 13:00.
What is the square meters of the business?
28 square meters.
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
Two months Rental deposit
What are the main assets of the business?
The biltong shop is equipped with cash register (point of sale system), air conditioner, fridge, scale, basin, shelving, cabinet and smaller items.
What is their overall condition?
Good working condition.
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
Are they presently insured?
There is no competition in the vicinity. The store is in a prime location next to a liquor store. Biltong products are of prime quality - especially the venison biltong (wild biltong) & yellow fat biltong.
Rainy days impact the clientele. Store hours are long.
Introducing new products like water, juices, new inventive biltong and even platters. CCTV can be installed to monitor the store from elsewhere.
What is the reason for the sale?
The Owner is relocating to Great Britain.
Why is this a good business?
This business is stable with much potential growth. It is easy to run, having all processes / systems in place. Located next to a liquor store in a busy shopping center is a huge advantage.
What is the price plus stock and the profit?
Selling price R 630 000 inclusive of stock.
Annual Turnover Amount between R 500 thousand and R 6 million