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Annual turnover

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  • Mandate: 34714
  • Added: 07 Jun 2021
  • AFS
  • 443

Retail shop for ink cartridges

Gauteng, Johannesburg
443
Mandate 34714
Added 07 Jun 2021
R 430,000* ZAR
Stock: R 38,000
Assets: R 54,000
R 16,792 ZAR
Anna-Marie Bothe
Aldes Pro
Gauteng
Summary

Refilling ink cartridges and selling generic and original ink toner cartridges

Retail shop for ink cartridges
SELLING PRICE AFS
R 430,000* ZAR
Stock: R38,000
Assets: R54,000
R 16,792 ZAR
Summary

Refilling ink cartridges and selling generic and original ink toner cartridges

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
Retail business re-filling ink cartridges and selling generic and original ink/toner cartridges

How long has the business been established?
10 years +, the business was previously a franchised ink cartridge business

How long has the owner had the business?
The business has been in the family since 2011 and with the current owner since 2017

How does the business operate on a daily basis?
The staff open and close and run the business daily.

How are the clients attracted to the business?
The business has many repeat customers

What Advertising/Marketing is carried out?
Word of mouth and pamphlets are available inside the shop

Does the business have any contract work?
Cash business

What competition exists?
No fillers or generic sales competition in the Mall, Original cartridges / toners are sold at Game and Hifi Corporation

What are the seasonal trends?
December months are quieter as most businesses and schools close.

How did the Covid-19 pandemic impact the business turnover / daily operations?
During level 5 the shop was closed for 5 weeks

Is the business VAT Registered?
The business is VAT registered

What VAT documentation is on file?
VAT documents will be made available during due diligence

Are there up-to-date Management Accounts available?
The owner will provide up-to-date management accounts to a serious buyer

What Balance Sheet and Income Statements are available?
February 2021 financial statements are on file

What is the age analysis of the debtors book?
Cash sales, no debtors

How could the profitability of the business be improved?
Advertising, online presence and active and involved owner.

What is the total staff complement?
Three staff members

Give a breakdown of staff/ functions/ length of service?
One staff member started in 2011 in the family business, the one in 2014 and the other in 2019.

Are they on contract?
The staff are on employment contracts

Do any have management potential?
The staff are able to manage the business in the absence of the owner

How involved is the Owner in running the business?
Minimal day to day management. The owner is mostly seeing to the bookkeeping and financial matters of the buisness.

When does the current lease end?
31st March 2022

Is there an option of renewal & what period?
There is an option to renew for a further 3 years

What is the annual escalation %?
8%

What are the trading hours?
Monday to Friday 9am to 6pm Saturday 9am to 5pm Sunday 9am to 2pm

What is the square meters of the business?
32 m2

Is a copy of the lease available?
A copy of the lease agreement is on file

Do you require a licence?
No license is required.

What lease deposit and/or other surety is required?
To be negotiated with the landlord

What are the main assets of the business?
Shop fittings include built in counter/cupboards/display shelves/lightboxes and signage. Computer and printer Microwave and bar fridge Tata Indica

Are any items not included in the sale?
All assets as seen on the asset list are included in the sale

What is their overall condition?
The Tata Indica is old but in running condition

Do any require repairing?
The Tata vehicle has a dent on the passenger door

How have they been valued ?
The owner valued the assets

Which assets are on lease/HP and with whom?
The assets are unencumbered

What are their settlement amounts?
N/A

Will Seller settle or Buyer to take over?
N/A

Are copies of agreements available?
N/A

Are they presently insured?
The business and its assets are insured

Strengths?
Long established business with many loyal customers. Located in a busy shopping mall Staff run

Weaknesses?
The owner does not spend enough time in the business

Opportunities?
Online advertising Owner involvement

Threats?
General economic climate

What is the reason for the sale?
The business is not a good fit for the owner who wishes to move on

Why is this a good business?
Long standing business with many repeat clients. The staff manage the business day to day

What is the price plus stock and the profit?
The price is R392,000 plus stock of R38,000 (weekly stock-taking is done) Total of R430,000 The owner's drawings are R20,000 pm

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AGENCY DETAILS

Aldes Pro

3 members
25 mandates
Gauteng
Malcolm Road
0000

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