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
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| 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
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| 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. |