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Profitable, Neat, Well Positioned And Established Biltong Shop In Centurion
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Business For Sale


BUSINESS FOR SALE OVERVIEW

Profitable, neat, well positioned and established Biltong Shop in a well known shopping centre in Centurion with a well established client base.


BUSINESS SELLING DETAILS

  Selling Price     1,200,000   Turn Over Per Month     147,814 
  Stock Included 250,000    Profit Per Month 41,418
  Assets Included  100,000   R.O.I %  41%
  Total Price   1,200,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  This is a neat, well positioned biltong shop in a well-known shopping Mall. It one of the neatest biltong shops I have seen and offers the clients a variety of products. Visiting shoppers walk right past the shop. It is up to the new owner to tap into this client base. The product quality and position are there. Add a bit of marketing flair to turn this into a great opportunity.
When was the business established? 15 years in the current premises
How long has the owner had the business? The current owner manages the business since 2001
 How Does The Business Operate
How does the business operate on a daily basis The owner manages the business on a fulltime bases daily.
How are the clients attracted to the business? Word of mouth. The business has an established client base that has been established for the last 15 years
What Advertising/Marketing is carried out? No marketing is done.
Does the business have any contract work? No, but longstanding regular clients
What competition exists? None that the seller knows of.
Seasonal Trends? Winter months show a trend that they sell more biltong.
 Financial Information
Vat Registered?  No
Vat Documentation on File?  Not registered
Management Accounts? Yes. For twelve months ending December 2015. The information can be verified by working with the seller.
Audited Financials? All relevant information to prove income and expenditures can be provided. The potential buyer well have to sit with the seller to confirm sales ,expenses and profits.
What as Cash/Credit Split? 100%
Debtors Book Age Analisys  None
How can you improve the profitability? More marketing and product range expansion.
 Is Seller Finance available and if so what is it?  No
   Staffing Of the Business
What is the total number of Staff? 1 staff members.
Staff Breakdown The one staff member comes in 3 time a week to clean the shop
Staff Special Perks and Bonuses?  No
Are the staff on Contract?  No
Does any of the staff have management potential? No
How involved is the Owner in running the business? Owner spends most of his days in the shop. He has nothing else to do but the shop keeps him busy.
  Premises Of the Business
When Does the Current Lease ends? 2 years Left
Is there an option to renew? Yes for 3 years.
What is the annual escalation % Normal 10% escalations.
What are the Trading Hours? 09:00 - 19:00 Mon to Fri
09:00 - 17:00 Sat and Sun
What is the square meters? ±20m²
Is a copy of the lease available?  Yes
Do You require a license? Only a trade license and health certificate
 Assets Of The Business
 Anything not included in the sale? Seller will take nothing out. (Lock stock and barrel).
 What is condition of the assets Excellent
 Any Assets on Lease/HP that Buyer needs to take over? None
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGTHS Position, Ease Of Operation. Well located with good turn overs and good rental contracts.
 WEAKNESSES Not enough marketing.
 OPPORTUNITIES With more owner management involvement profits can be increased
With a good marketing plan this business can show good growth?
 THREATS None identified.
 Summary
Why is this a good business Very good business, easy to run.
Why is the owner selling it? The current owner is at retirement age.


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have viewed this page since 10 May 2016