History and Overview Of The Business
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| Fully describe the business's activities |
This is a neat well positioned biltong shop. It is right in the entrance of a shopping centre in Pretoria East. All the people on the way into the centre and the supermaket walks right past your shop. It is up to you to tap into this client base. Quality of product and position is there. Add a bit of marketing flair in this become opportunity. |
| When was the business established? |
12 years, so the position must be great. |
| How long has the owner had the business? |
4 Months, same manager few years. |
How Does The Business Operate
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| How does the business operate on a daily basis |
Manager run with owner only involved in orders to suppliers, prepared by the manager, and the financial aspects of the business, like banking and paying suppliers
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| How are the clients attracted to the business? |
Position, clients walk right past it into and out of the centre |
| What Advertising/Marketing is carried out? |
None |
| Does the business have any contract work? |
No, but long standing regular clients |
| What competition exists? |
Supermarket also sells biltong in the mall, but much better quality from this shop
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| Seasonal Trends? |
Busier around sport days, April and December holidays
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Financial Information
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| Vat Registered? |
Seller is not VAT Registered |
| Vat Documentation on File? |
N/A |
| Management Accounts? |
Yes. |
| Audited Financials? |
No, only management accounts. All relevant info to prove income and expenditures can be provided. |
| What as Cash/Credit Split? |
50% Cash, 50% Credit Card |
| Debtors Book Age Analisys |
None |
| How can you improve the profitability? |
More sales from product range expansion |
| Is Seller Finance available and if so what is it? |
No, cash sale |
Staffing Of the Business
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| What is the total number of Staff? |
2 staff members. |
| Staff Breakdown |
1 Manager with business for 3 years and 1 casual for weekends |
| Staff Special Perks and Bonuses? |
No |
| Are the staff on Contract? |
One is permanent, 1 is casual |
| Does any of the staff have management potential? |
One act as manager |
| How involved is the Owner in running the business? |
Owner is only taking care of suppliers and finance |
Premises Of the Business
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| When Does the Current Lease ends? |
New lease to be negotiated by buyer.
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| Is there an option to renew? |
New lease to be negotiated by buyer. |
| What is the annual escalation % |
New lease to be negotiated by buyer. |
| What are the Trading Hours? |
Mon - Fri : 09:00-19:00
Sat : 09:00-17:00
Sun : 09:00-14:00 |
| What is the square meters? |
12 m2 |
| Is a copy of the lease available? |
Yes, on file |
| Do You require a license? |
No ,only a trade licence/health certificate |
Assets Of The Business
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| Full Asset List available? |
Yes, owner will provide, Equipment worth R105,000. The location and established position with quality product makes up the goodwill |
| Anything not included in the sale? |
No, everything is included |
| What is condition of the assets |
Good, none needs repairing |
| Any Assets on Lease/HP that Buyer needs to take over? |
No |
| Are they insured at the moment? |
Yes |
SWOT Of The Business
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| STRENGHTS |
Well Established
Position
Ease Of Operation
Manager Run |
| WEAKNESSES |
High rent, but good position.
Lower return if manager in place, but income then semi-passive
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| OPPORTUNITIES |
Owner can run this shop himself and make an extra R9,000 profit per month, or keep the manager and have a semi-passive income
Marketing and advertising
Increased stock range
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| THREATS |
None identified
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Summary
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| Why is this a good business |
Manager run, well positioned, easy to run business |
| Why is the owner selling it? |
Owner is emigrating
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