Sectors / Category

Annual turnover

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  • Mandate: 35126
  • Added: 31 Jan 2022
  • AFS
  • 1399

Hardware business

Gauteng, Johannesburg
1399
Mandate 35126
Added 31 Jan 2022
R 530,000* ZAR
Stock: R 250,000
Assets: R 0
R 19,035 ZAR
Chris Ferguson
(PRINCIPAL)
Aldes Infinity
Gauteng, Midrand
Gauteng, Midrand
Summary

Easy to run hardware business

Hardware business
SELLING PRICE AFS
R 530,000* ZAR
Stock: R250,000
Assets: R0
R 19,035 ZAR
Summary

Easy to run hardware business

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Fully describe the business's activities?
Small hardware business located at a local convenient store.

How long has the business been established?
16 years

How long has the owner had the business?
16 years

How does the business operate on a daily basis?
The business is managed by a store clerk and assistant.

How are the clients attracted to the business?
The business is located in a well established residential area, the convenient store ensures daily foot flow from the locals during the day.

What are the seasonal trends?
Winter months very busy with gas supplies sales.

Is the business VAT Registered?
not vat registered

Are there up-to-date Management Accounts available?
Yes, will be disclosed during due diligence

What Balance Sheet and Income Statements are available?
Yes, will be disclosed during due diligence

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

What is the total staff complement?
2 staff members

Are they on contract?
no

Do any have management potential?
no

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

When does the current lease end?
month to month

Is there an option of renewal & what period?
Yes, for 3 years

What is the annual escalation %?
8%

What are the trading hours?
Mon to Fri 8:00 till 17:00 Sat 8:00 till 13:00

What is the square meters of the business?
50 sqm

Is a copy of the lease available?
Yes, will be disclosed during due diligence

Do you require a licence?
No license required

What lease deposit and/or other surety is required?
R20,000

What are the main assets of the business?
Shop fittings and stock

Are any items not included in the sale?
1 x Desktop (Tower and Monitor, Speakers, mouse, camera) 1 x Epson Printer 1 x Laptop 1 x Defy Microwave 1 x Dolce Gusto Coffee Machine 1 x 6.5kw Petrol Generator

Do any require repairing?
All in good working condition

Are they presently insured?
Yes

Strengths?
Established in a residential area

Weaknesses?
Larger competition at other shopping centres

Opportunities?
Marketing strategy and adding additional services for the clients

Threats?
Economy

What is the reason for the sale?
Business owner wishes to focus on his other business

Why is this a good business?
Easy to run business, with clean financials

What is the price plus stock and the profit?
R530,000 incl stock (R250,000 stock) Nett profit R228,000 p.a

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AGENCY DETAILS

Aldes Infinity

1 members
4 mandates
Gauteng , Midrand
No 10 MT Boreas Midlands Office Park Midstream 1692
Midrand

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