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Wool and beads store with classes
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Highveld based store selling wool and beads and offering classes around the products. Very well established and known in the community with opportunity to expand the business. Option for second store


BUSINESS SELLING DETAILS

  Selling Price  225,000   Turn Over Per Month     96,095 
  Stock Included 180,000    Profit Per Month 15,437
  Assets Included  70,000   R.O.I %  67%
  Total Price   275,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Business sells wool and beads and offers classes in knitting and crocheting

There is a another store also available in an adjoining town
When was the business established? Since 2012
How long has the owner had the business? The owner started the business
 How Does The Business Operate
How does the business operate on a daily basis The business is run by the staff with owners oversight
How are the clients attracted to the business? Word of mouth, the business is very well established
What Advertising/Marketing is carried out? Pamphlets, Facebook, Internet, etc.
Does the business have any contract work? None
What competition exists? Two other wool shops in the town but they are way more expensive
Seasonal Trends? The business peaks in winter, however the trend has moved to whole year now days as it is now fashionable and then there are the beads side for summer as well.
 Financial Information
Vat Registered? No, but the turnover is such that it should be and the figures have been adjusted to compensate for this and reflect as if the business was registered to get the true understanding of the profitability.
Vat Documentation on File? None
Management Accounts?  Yes
Audited Financials? None
What as Cash/Credit Split? 60% - Cash, seller uses this to pay suppliers, rent and wages and can therefore be verified
40% - Card
Debtors Book Age Analisys None
How can you improve the profitability? Larger stock variety, add scrap booking and other hobby type activities, add classes and embroidery
 Is Seller Finance available and if so what is it? The seller may under their discretion consider some seller financing but a substantial deposit would be required.
   Staffing Of the Business
What is the total number of Staff? 2 Staff members
Staff Breakdown The staff are basically jack of all trades and do everything required in the shop
Staff Special Perks and Bonuses? Staff receive discount on purchases and are allowed to sell small items they manufacture themselves.
Are the staff on Contract? Yes
Does any of the staff have management potential? The staff are already managing the shop for the seller
How involved is the Owner in running the business? Very involved ion the decorating of the windows and with the classes presented in the shop. Then the seller helps out when need in the shop and does recommend a more hands on type of buyer.
  Premises Of the Business
When Does the Current Lease ends? End of 2017
Is there an option to renew? Yes, for a yearly period
What is the annual escalation % Bi yearly and then 5%
What are the Trading Hours? 09:00-17:00 Monday to Friday
09:00-13:00 Saturday
10:00-13:00 Public Holidays
Open on Sunday in the last weekend of the month
What is the square meters? ±120m²
Is a copy of the lease available? Yes
Do You require a license? No
 Assets Of The Business
Full Asset List available? Owner will provide
 Anything not included in the sale? No
 What is condition of the assets Very good
 Any Assets on Lease/HP that Buyer needs to take over? None
 Are they insured at the moment? Yes
  SWOT Of The Business
 STRENGHTS Very well established and known business, Lots of feet in the shopping centre, by the PnP
 WEAKNESSES Economy
 OPPORTUNITIES Additional stock and variety, More classes and interest such as sewing, fabric painting, embroidering, etc.
 THREATS None identified
 Summary
Why is the owner selling it? Seller is tired and looking for a change


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