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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   175,000   Turn Over Per Month     87,102 
  Stock Included 150,000    Profit Per Month 9,058
  Assets Included  50,000   R.O.I %  48%
  Total Price   225,000    



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? 2015
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? There is one other Wool shop but it also sells various other items and is not dedicated
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? Has already ended and is now on a month to month basis which is preferable as there is a new centre you may wish to move to coming
Is there an option to renew?
What is the annual escalation % 10% but not this year
What are the Trading Hours? 09:00-17:00 Monday to Friday
09:00-13:00 Saturday
Closed Sundays and Public holidays
What is the square meters? 100m²
Is a copy of the lease available? Yes
Do You require a license? No
 Assets Of The Business
Full Asset List available? Will be on the asset list
 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?  No
 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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