Fully describe the business's activities?
Strictly Halaal butchery
How long has the business been established?
The owner started the business 24 years ago
How are the clients attracted to the business?
They have unique recipes Good relationship with customers
What Advertising/Marketing is carried out?
Monthly specials send out on whatsup
Does the business have any contract work?
Yes one customer supplied on a regular basis.
What competition exists?
There are 4 other butchers in the area.
What are the seasonal trends?
Summer is busiest time
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
yes for serious customers
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
They do not sell on credit.
How could the profitability of the business be improved?
Increase customer base with fresh ideas and products Increase contractual clients
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
Wife - manager 1 Senior Blockman 1 Blockman 2 production workers 1 cleaner Owners helps out on weekends and when wife can not be there
Do any receive special perks or incentives?
December they gets holiday pay.
Are they on contract?
Do any have management potential?
The one block man manages the back office. U only need a cashier or a front shop manager.
How involved is the Owner in running the business?
Owner wife is involved in the business on a daily basis
When does the current lease end?
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
9am to 6pm
What is the square meters of the business?
What lease deposit and/or other surety is required?
What are the main assets of the business?
Fridges and equipment
What is their overall condition?
Do any require repairing?
Good name and reputation for quality and pricing
DO not do enough marketing and branding
What is the reason for the sale?
Owner and his wife has other businesses which is starting to take more of their time making it difficult to give the necessary attention to butchery
Why is this a good business?
It is a well known butchery and one of the busiest in the area. There is a loyal customer base which ensures good return income
What is the price plus stock and the profit?
Asking R1 280 000 plus stock of R30 000 Monthly Nett cash R54 000pm
Annual Turnover Amount between R 500 thousand and R 6 million