"Selling your business is our business"
"Selling your business is our business"
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)
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