"Selling your business is our business"
Fully describe the business's activities?
Ladies clothing, bags, hats and jewelry
How long has the business been established?
22 years
How long has the owner had the business?
22 years
What steps are in place to solve "load shedding" problem?
Centre has generator, solar and water tanks
How does the business operate on a daily basis?
Sales to walk in customers - it is a retail shop in a busy mall
How are the clients attracted to the business?
In mall
What Advertising/Marketing is carried out?
Mall does general advertising
Does the business have any contract work?
No
What competition exists?
Normal clothing stores in mall
What are the seasonal trends?
None
How did the Covid-19 pandemic impact the business turnover / daily operations?
We were down as all other businesses in centre
Is the business VAT Registered?
No
What VAT documentation is on file?
N/A
Are there up-to-date Management Accounts available?
Yes
What Balance Sheet and Income Statements are available?
Available with accountant
What percentage of the business is cash/credit?
80% Credit Card
20% Cash
What is the age analysis of the debtors book?
No Debtors
How could the profitability of the business be improved?
More stock
What is the total staff complement?
Owner and 2 part-time employees
Give a breakdown of staff/ functions/ length of service?
Staff work one week on, one week off.
1 Staff 10 years
1 Staff new
Do any receive special perks or incentives?
Staff discount
Are they on contract?
One year contracts
Working one week on, one week off
Do any have management potential?
Yes
How involved is the Owner in running the business?
Hands on
Do they have signed employment contracts?
Yes
When does the current lease end?
End January 2025
Is there an option of renewal & what period?
Yes - 1-5 years
What is the annual escalation %?
6%
What are the trading hours?
08:30 - 17:30
What is the square meters of the business?
60sqm
Is a copy of the lease available?
Yes
Do you require a licence?
No
What lease deposit and/or other surety is required?
1st and last month
What are the main assets of the business?
Point of sale, racks and shelves, counter, credit card machine
Are any items not included in the sale?
Vehicle (Private)
What is their overall condition?
Good
Do any require repairing?
No
How have they been valued ?
Fair second hand value
What is the reason for the sale?
Want to retire
Why is this a good business?
Ideal business for a person who wants to semi retire and earn an income
