Sectors / Category

Annual turnover

|
  • Mandate: 34948
  • Added: 20 Jun 2022
  • AFS
  • 113

Franchised pawn shop in Roodepoort

Gauteng, Other
113
Mandate 34948
Added 20 Jun 2022
R 3,520,000* ZAR
Stock: R 1,000,000
Assets: R 998,314
R 134,491 ZAR
Peter Kind
(PRINCIPAL)
Aldes Platinum
Gauteng, Centurion
Gauteng, Centurion
Summary

Franchised pawn shop in Roodepoort. This store generates good profits with 3 income streams.

SELLING PRICE AFS
R 3,520,000* ZAR
Stock: R1,000,000
Assets: R998,314
R 134,491 ZAR
Summary

Franchised pawn shop in Roodepoort. This store generates good profits with 3 income streams.

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

Fully describe the business's activities?
This business sell second hand goods , loan money against goods (Cash Advance or Pawn-broking) and do short-term loans against a customer's next salary. This Franchise is part of the world's largest cash and Asset converter with an international network of more than 740 stores in 20 countries around the world.

How long has the business been established?
Since 2010

How long has the owner had the business?
11 years

How does the business operate on a daily basis?
The Manager starts at around 8H00 by transfer cash to the different tills. The Staff do all the start of day functions (such as accepting till balances , cleaning,etc) and at 9H00 the doors open for trading. During the trading hours the buyers do buys and cash advances from clients and the Sales persons sell new and second hand products to clients. The 1 staff member at the Personal Finance Division loans cash to customers according to the rules of the National Credit Provider . At 17H30 the staff do the Close of day Functions

How are the clients attracted to the business?
Clients are attracted to the business mainly because of the business model - they get immediate CASH in hand and they can buy quality seconds hand goods at discount prices. Head office also offers SMS , Facebook Campaigns and TV Adverts

What Advertising/Marketing is carried out?
Local Area Marketing consists of distributing pamphlets and adverting in local newspapers. The head office runs national television and social media campaigns.

Does the business have any contract work?
No.

What competition exists?
No direct competition in surrounding area.

What are the seasonal trends?
Summer months are better trading months although this business trades well throughout the year.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Yes

Are there up-to-date Management Accounts available?
Yes, available to qualified buyers.

What Balance Sheet and Income Statements are available?
Full history available.

What percentage of the business is cash/credit?
20% cash 80% credit and debit cards.

How could the profitability of the business be improved?
Leveraging more on the Group’s Online store. This particular store has only been participating on the online store for 2 months. Other stores that joined the online shopping 12 months ago reported 15-20% growth in Turnover.

What is the total staff complement?
8 staff, compromising of 2 x managers and 3 x buyers.

Give a breakdown of staff/ functions/ length of service?
1 x manager 1 x assistance manager 3 x buyers. 2 x salesman 1 x cleaner

Do any receive special perks or incentives?
Commission paid on performance.

Are they on contract?
Yes.

Do any have management potential?
Management structure in place.

How involved is the Owner in running the business?
50% involvement.

When does the current lease end?
2025

Is there an option of renewal & what period?
5 year renewal.

What is the annual escalation %?
8%

What are the trading hours?
Mon - Fri 9am to 6pm Sat 9am to 3pm Sun 9am to 1pm

What is the square meters of the business?
250sqm

Is a copy of the lease available?
Yes

Do you require a licence?
Yes, NCR license required - HQ facilitates new application and/or renewals

What lease deposit and/or other surety is required?
3 months rental deposit

What are the main assets of the business?
Full asset list available.

Which assets are on lease/HP and with whom?
Delivery vehicle - option to take over payments.

Are they presently insured?
All assets are comprehensively insured.

Strengths?
Great location with strong cash flow. Strong franchisor support.

Opportunities?
Greater owner involvement will increase profitability.

Threats?
None perceived.

What is the reason for the sale?
Owner wants to pursue other business interests.

Why is this a good business?
Market leader in second hand and cash advancing space. Profitable store with static expenses.

What is the price plus stock and the profit?
R3 520 000-00 includes R1million stock and assets.

Other listings by Peter
R 6.05MZAR
Added : 20 Jun 2022 137
Yearly profit: R2,079,643
Western Cape
R 12.00MZAR
Added : 20 Jun 2022 136
Yearly profit: R2,378,865
Other
R 5.35MZAR
Added : 8 Jun 2022 232
Yearly profit: R0
Gauteng
AGENCY DETAILS

Aldes Platinum

2 members
18 mandates
Gauteng , Centurion
8 Baltoro Crescent Midstream Hill
Centurion
0157

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 4.15MZAR
Added : 12 Jun 2022 103
Yearly profit: R1,563,300
KwaZulu-Natal
R 4.70MZAR
Added : 10 Jun 2022 150
Yearly profit: R2,432,264
Eastern Cape
R 3.31MZAR
Added : 17 Mar 2022 356
Yearly profit: R1,357,238
Western Cape
R 2.80MZAR
Added : 27 Nov 2021 650
Yearly profit: R520,494
Mpumalanga
R 3.25MZAR
Added : 6 Nov 2021 612
Yearly profit: R1,580,813
KwaZulu-Natal
R 2.69MZAR
Added : 13 Mar 2021 1078
Yearly profit: R1,150,637
Free State
R 3.00MZAR
Added : 1 Mar 2021 427
Yearly profit: R1,224,358
Western Cape
R 1.90MZAR
Added : 19 Aug 2020 342
Yearly profit: R509,955
Mpumalanga

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.03MZAR
Added : 22 Jun 2022 156
Yearly profit: R704,642
Gauteng
R 950KZAR
Franchise
Added : 22 Jun 2022 163
Yearly profit: R702,568
Gauteng
R 1.10MZAR
Added : 20 Jun 2022 82
Yearly profit: R284,546
Gauteng
R 1.10MZAR
Added : 19 Jun 2022 143
Yearly profit: R983,929
Gauteng
R 1.16MZAR
Added : 7 Jun 2022 392
Profit*: R279,427 *(5 months)
Gauteng
R 700KZAR
Added : 7 Jun 2022 163
Yearly profit: R82,204
Gauteng
R 1.09MZAR
Added : 4 Jun 2022 122
Yearly profit: R1,248,248
Gauteng
R 1.20MZAR
Added : 26 May 2022 186
Yearly profit: R442,600
Gauteng