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Annual turnover

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  • Mandate: 34688
  • Added: 21 May 2021
  • AFS
  • 301

3@1 on Westrand

Gauteng, Other
301
Mandate 34688
Added 21 May 2021
R 450,000* ZAR
Stock: R 20,000
Assets: R 0
R 2,836 ZAR
Louis Aucamp
Aldes Pro
Gauteng
Summary

3@1 Business Centre franchise is a leading Print, Courier and Photographic retail brand sporting 90 stores all over Southern Africa. This franchise is in a busy mall on the Westrand

3@1 on Westrand
SELLING PRICE AFS
R 450,000* ZAR
Stock: R20,000
Assets: R0
R 2,836 ZAR
Summary

3@1 Business Centre franchise is a leading Print, Courier and Photographic retail brand sporting 90 stores all over Southern Africa. This franchise is in a busy mall on the Westrand

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Fully describe the business's activities?
The business is a printing, copying, courier and internet franchise. It is equipped with multiple machines used to print on a range of sizes. It includes wide format prints on canvas and paper. Output includes business cards, laminated posters, high quality copies, binding, photos. Printing which cannot be done by the machines in house is out-sourced to reliable printers at trade price. It also offers corporate gifts.

How long has the business been established?
Since 2017

How long has the owner had the business?
Since 2019

How does the business operate on a daily basis?
The business is based in an open shopping mall in Weltevreden Park. Clients can park directly in front of the business and run in to obtain copies. The staff attend to both walk in clients, plus long term clients who email or drop off their requests. The client base is made up of retail customers and business clients. The day is made up of attending to printing, copying, binding, photographs, laminating, business services.

How are the clients attracted to the business?
1. Walk in customers in the centre requiring business services. Centre has several attractions ie : Mug & Bean, Woolworths Food, Clicks, Sorbet, hair dresser, ATMS, Rocco mammas. 2. Web site which has a high hit rate 3. Franchise is popular with over 66 stores country wide

What Advertising/Marketing is carried out?
Social media via Franchise Pamphlet drops Periodic campaigns : Google ads, Valentine competitions in the centre

Does the business have any contract work?
Yes : contract work from office design company, Doctor, Optician, Centre Management, Trainer.

What competition exists?
No competition in the centre. Closest competition is an independent print shop approx. 5 kms away, and another equivalent franchise outlet at Clearwater Mall.

What are the seasonal trends?
Seasonally the shop is quiet during December shut down and Easter. It is extremely busy from September to November.

Is the business VAT Registered?
Yes

Are there up-to-date Management Accounts available?
yes for the serious buyer only

What percentage of the business is cash/credit?
They do not sell on credit

How could the profitability of the business be improved?
By getting more small to medium businesses for printing

What is the total staff complement?
one

How involved is the Owner in running the business?
Owner is in the business every day

What is the square meters of the business?
65m2

Is a copy of the lease available?
Yes

Do you require a licence?
no only Franchisor approval

What are the main assets of the business?
• 6 computers • 5 Desks • 5 chairs • Till stools • Till with Titan software • 2 x laminator • 1 x shredder • 1 x generator • Cutting machines • Kodak machine • Safe • Camera for ID photos • Telephones • Guillotine • Rotary trimmer • Business card cutting machine • External signage • Thermobinder • 2 x binders • Impress binder • Stock of paper, binding, Kodak paper, wide format paper, cartridges

Are any items not included in the sale?
no

What is their overall condition?
good

Which assets are on lease/HP and with whom?
Printers with 12 months payments left. Owner to take over the leases.

Strengths?
• Highly rated franchise with over 90 stores in South Africa. Additional stores being opened in Namibia and Botswana. • Franchise courier support : DHL, SKYNET with 30 day payment. • Fulll support from Head Office for training and trouble shooting • Trade agreements in place with top printers • Trade agreements in place with corporate gift company • Staff highly trained and loyal • Location is busy and getting busier monthly. Key anchor tenants include : Mug & Bean, Woolworths Food, Sorbet, Clicks, Rocco Mamas, News Cafe, FNB and Nedbank ATM

Weaknesses?
• Centre very quiet in December shutdown period • Business very reliant on skilled staff with technology background – this can also be an advantage as current staff are highly skilled and motivated

Opportunities?
There is opportunity to obtain more business with small to medium businesses if the new owner has contacts

Threats?
If a Postnet opened up within 5 km this could pose a threat to courier service but not printing.

What is the reason for the sale?
Owner do not have the time available to manage the business.

Why is this a good business?
Strong franchise which is growing The first year is always tough, even with a franchise, but this is now established and has regular clients base. Additional equipment of R100 000 equipment has been added to the shop over and above what is supplied by the Franchisor to cater for specialised needs

What is the price plus stock and the profit?
Asking price R450 000 inclusive of stock. Stock estimated at round R20 000

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AGENCY DETAILS

Aldes Pro

3 members
25 mandates
Gauteng
Malcolm Road
0000

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