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Two Johannesburg Biltong Stores
Wednesday , January , 27 2021
Two Johannesburg Biltong Stores
BUSINESS FOR SALE OVERVIEW
Two Johannesburg Biltong Stores for sale, add to your existing group or the start of your new group, else if you prefer this can be a great lifestyle business.
BUSINESS SELLING DETAILS
Selling Price
720,000
Turn Over Per Month
236,189
Stock Included
75,000
Profit Per Month
29,399
Assets Included
85,000
R.O.I %
47%
Total Price
720,000
BUSINESS MANDATE INFORMATION
History and Overview Of The Business
Fully
describe
the
business's
activities
Two Biltong stores based in Johannesburg. These stores have staff, systems and procedures in place.
When was the business established?
Over 3 years
How long has the owner had the business?
For 2 years and 6 months
How Does The Business Operate
How does the business operate on a daily basis
The stores are Manager run
How are the clients attracted to the business?
Rely on foot traffic of the malls
What Advertising/Marketing is carried out?
Only in center advertising has been done
Does the business have any contract work?
No
What competition exists?
Other biltong stores in the area
Seasonal Trends?
January and February are the quitest months, December the busiest
Financial Information
Vat Registered?
Yes
Management Accounts?
Yes
What as Cash/Credit Split?
60% card and 40% cash
How can you improve the profitability?
More advertising and more of a hands-on approach from owner
Is Seller Finance available and if so what is it?
No, cash sale
Staffing Of the Business
What is the total number of Staff?
Thee staff members
Staff Breakdown
2 managers and 1 part time workers
Staff Special Perks and Bonuses?
No
Are the staff on Contract?
No
Does any of the staff have management potential?
Already in place
How involved is the Owner in running the business?
Not as involved as he should be as he is dedicated to his other businesses
Premises Of the Business
When Does the Current Lease ends?
Seller to confirm
Is there an option to renew?
Yes
What are the Trading Hours?
09:00 - 19:00 Mon - Sun
Is a copy of the lease available?
Yes with seller
Do You require a license?
No
Assets Of The Business
Full Asset List available?
See asset list
Anything not included in the sale?
All assets will be sold with the business
What is condition of the assets
Good, but could use a touch up at 1 stores and the other is brand new
Any Assets on Lease/HP that Buyer needs to take over?
No
Are they insured at the moment?
Yes
SWOT O
f The Business
STRENGHTS
Great positions in the malls.
Well trained staff in place
Good product range with excellent quality
Systems and procedures
Returning customer base
WEAKNESSES
Time required from the owner
OPPORTUNITIES
Expand with more stores
Additional product lines and services
The normal marketing and advertising
Give permanent staff more management opportunities
THREATS
The economy
Summary
Why is the owner selling it?
Owner is moving overseas
Business For Sale,Businesses For Sale,Biltong Stores For Sale,Gauteng Business For Sale
Reference - R171102
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