How does the business operate on a daily basis?
Shop opens 6 days a week at 8am.

Interested customers are shown the various stones and are guided though the process of purchasing a stone. Once full payment is received, the stone is ordered from the factory who then delivers and fits the stone at the clients given location on an agreed date.

Lay-buys are accepted but stone is only ordered once full payment is received.

How are the clients attracted to the business?
Flyers, word of mouth, referrals and limited online marketing.

What Advertising/Marketing is carried out?
Flyers, word of mouth and limited on-line marketing.

Does the business have any contract work?
No

What competition exists?
There are other granite tombstone suppliers in the area but this product is unique and offers a greater range.

What are the seasonal trends?
Most stones are order/fitted during the winter months (April - August) but lay-buy payments continue through the year.

Is the business VAT Registered?
yes

What VAT documentation is on file?
All VAT documentation is compete and up to date.

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
All

What percentage of the business is cash/credit?
The whole business is based on cash sales.

How could the profitability of the business be improved?
Increased marketing and exposure - similar areas/markets exist within close proximity. "Pop up" stores and activations can increase the footprint here. The shop did something similar in Nkhandla which proved to be a successful exercise.

Is Seller finance available and for what amount?
No

What is the total staff complement?
1 shop manager

Give a breakdown of staff/ functions/ length of service?
5 years - open and close shop. Ensure the shop is clean and presentable. Sell, order and reconcile lay-buy payments.

Do any receive special perks or incentives?
Shop manger has a basic salary and is commission based on sales performance.

Are they on contract?
Yes

Do any have management potential?
Yes

How involved is the Owner in running the business?
Part-time. Shop is well established and runs independently, there is very little day to day involvement. Owner keeps accounts up to date and controls all payments.

When does the current lease end?
January 2029

Is there an option of renewal & what period?
Yes - negotiable.

What is the annual escalation %?
7% - negotiable.

What are the trading hours?
8am to 4pm

What is the square meters of the business?
40sqm

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
Lease deposit - R53059

What are the main assets of the business?
Shop fittings, displays, cell phone and computer.

Are any items not included in the sale?
No

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
Market value based on age and depreciation

Which assets are on lease/HP and with whom?
None

What are their settlement amounts?
None

Will Seller settle or Buyer to take over?
N/A

Are copies of agreements available?
N/A

Are they presently insured?
N/A

Strengths?
Established market.
Consistent turnover over a 5 year period.
Easy to run and can be done remotely with limited time pressures.
Low overheads.
Consistent market - unveiling ceremonies and traditional beliefs are deep set in local community.

Weaknesses?
Location is far from Durban (300km) - makes it hard to deal with issues if they arise.

Opportunities?
Similar market in surrounding locations - opportunity to expand and grow market share.

Threats?
Competition in the granite space.

What is the reason for the sale?
Business is well established and has been built over the last 5 years. Owner is looking for a new challenge and does not have time to build/grow the business.