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Group of Biltong Stores
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BUSINESS FOR SALE OVERVIEW



This group of Biltong stores spread across two malls has been built into a powerhouse business that generates the owner R27,000 per month.
Everything is in place with staff, systems and procedures at all the stores. From this base it would be the next logical step to grow the
business by the addition of more stores, products and services.

BUSINESS SELLING DETAILS

  Selling Price     260,000   Turn Over Per Month     225,113 
  Stock Included 100,000    Profit Per Month 27,086
  Assets Included 300,000   R.O.I %  72%
  Total Price   260,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Group of biltong stores based in major Gauteng shopping Malls. These stores have staff, systems and procedures in place.

The group is made up of two stores and one kiosk and all the stores are profitable contributors to the groups income.

It’s the seller’s focus on quality and service which draws the customers and he does not compete with price
When was the business established? The initial stores are over six and half years old, the current owner acquired them around one and a half years ago.
How long has the owner had the business? The current owner bought them April 2015
 How Does The Business Operate
How does the business operate on a daily basis The owner runs the stores hands on and spends 100% of his time looking after the business.
How are the clients attracted to the business? This is all word of mouth and passing trade. Again the focus on quality and service is what brings the clients back again.
What Advertising/Marketing is carried out? In Mall and Pamphlets and vouchers and loyalty programs
Signs in Mall, web site an don Google Maps
Does the business have any contract work? No
What competition exists? The normal competition in the malls
Seasonal Trends? Being retail the business peaks in December other than the normal slow start in January and February shows a nice consistency throughout the year.
 Financial Information
Vat Registered? Yes
Vat Documentation on File? All vat returns are available
Management Accounts? Yes
Audited Financials? Yes to April 2016
What as Cash/Credit Split? ±55% Cash and ±45% Credit Card
Debtors Book Age Analisys None
How can you improve the profitability? More advertising and marketing as well as potentially expanding the product lines.
 Is Seller Finance available and if so what is it? No
   Staffing Of the Business
What is the total number of Staff? Five Staff Members
Staff Breakdown 3 x Staff
2 x Temps
Staff Special Perks and Bonuses? Commission based
Are the staff on Contract?  No
Does any of the staff have management potential? Already in place
How involved is the Owner in running the business? The owner is 100% involved in his business
  Premises Of the Business
When Does the Current Lease ends? Leases will be disclosed to serious buyers, please note however that you will require the follow approximate deposits ±R180,000 cash or bank guarantee – negotiable with the landlords
Is there an option to renew? Yes, negotiated lease renewal terms with the landlord
What is the annual escalation % Currently 9%
What are the Trading Hours? Mall hours per mall
What is the square meters? Between 12m² and 25m²
Is a copy of the lease available? Yes with the seller
Do You require a license? Normal Health and trading certificates required by the landlords / departments
 Assets Of The Business
Full Asset List available?  Yes, owner will provide
 Anything not included in the sale? 1. Consignment stock - Negotiable with suppliers to take over
2. POS – Negotiable with suppliers to take over
3. One Ola ice cream fridge – Negotiable with suppliers to take over
 What is condition of the assets Very good
 Any Assets on Lease/HP that Buyer needs to take over?  No
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Great positions in the malls.
Well trained staff in place
Good product range with excellent quality
Systems and procedures
Returning customer base
 WEAKNESSES Time required from the owner
 OPPORTUNITIES Expand with more stores
Additional product lines and services
The normal marketing and advertising
Give permanent staff more management opportunities
 THREATS None identified
 Summary
Why is this a good business The owner is involved in new business venture and the distance from where he lives is becoming too much.
Why is the owner selling it? The owner is involved in new business venture and does not have the time with the existing business.


Business For Sale,Businesses For Sale,Biltong Store For Sale, Gauteng Business For Sale

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