Sectors / Category

Annual turnover

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  • Mandate: 35082
  • Added: 09 Dec 2021
  • AFS
  • 262

Retailer/wholesaler

Gauteng, Johannesburg
262
Mandate 35082
Added 09 Dec 2021
R 650,000* ZAR
Stock: R 480,000
Assets: R 0
R 17,417 ZAR
Bill Tweedie
(PRINCIPAL)
Aldes Bedfordview
Gauteng, Edenvale
Gauteng, Edenvale
Summary

General merchandise retailer and wholesaler

SELLING PRICE AFS
R 650,000* ZAR
Stock: R480,000
Assets: R0
R 17,417 ZAR
Summary

General merchandise retailer and wholesaler

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Fully describe the business's activities?
Retail and wholesaler of general merchandise, furniture and general plastic goods (chairs, buckets etc) in Johannesburg. Owner currently acquires stock from various sources and acts as a retail/wholesaler outlet. Owner wishes to sell the business for the value of the stock (R480k) and the fixed assets including shop fitting (R170k) - both at owners valuations. Mix of business is Furniture 15%, Plastics products 40% and general merchandise 35%

How long has the business been established?
August 2020

How long has the owner had the business?
Since inception

How does the business operate on a daily basis?
There is a walk in store (50 - 60 m2) as well as a show room (400m2) situated above the store.

How are the clients attracted to the business?
Walk in traffic, some on-line sales (5%).

What Advertising/Marketing is carried out?
There is an in-store flyer and daily promotions are communicated to frequent customers via WhatsApp

What competition exists?
General competition around except for plastic products where this business is the only supplier in the area

How did the Covid-19 pandemic impact the business turnover / daily operations?
Opened during COVID

Are there up-to-date Management Accounts available?
Financial information is available, but owner is essentially selling the stock and the fixed assets of the business

What percentage of the business is cash/credit?
100% cash/credit card

What is the total staff complement?
2 general staff employees

How involved is the Owner in running the business?
Owner is 100% involved in the business

When does the current lease end?
November 2023

Is there an option of renewal & what period?
Yes

What are the trading hours?
9h00 to 17h00 7 days a week

What is the square meters of the business?
Shop is 50-60m2 and show room is 400m2

Is a copy of the lease available?
Yes

What are the main assets of the business?
Shop fittings which have recently been installed - 18 months ago

Are any items not included in the sale?
The name of the business will be retained by the sellers

What is their overall condition?
Very good

Do any require repairing?
No

How have they been valued ?
Owners valuation and cost

Strengths?
Diverse offering allowing a major part of the business to exist in the lower margin plastics business No plastics competition in the area Rental is low for the area utilised

Opportunities?
Traffic flow is near to a major mall with reduced parking and COVID issues - high traffic flow

Threats?
Competition may be introduced in the plastics market

What is the reason for the sale?
Owner wishes to focus his time on his other businesses

Why is this a good business?
High traffic flow allows increased feet in store. Diverse product portfolio allows competitive edge in the plastics market. Potential to increase customer base. Rental overhead is low.

What is the price plus stock and the profit?
R650k for stock (R480k) and fixed assets including shop fittings (R170k)

Other listings by Bill
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AGENCY DETAILS

Aldes Bedfordview

1 members
5 mandates
Gauteng , Edenvale
6 Putter Lane, Glendower Golf Estate, Marais Street, Dowerglen x 8, 1609
Edenvale

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