How long has the owner had the business?
The owner started the business in 2010.
This retail shop sells new and second hand goods. They also give secured money lending against goods. This business has stood the test of time and can also be categorized as a "recession-proof" business. It has a good cash flow, is ideally located and has loyal employees in place.
How does the business operate on a daily basis?
The clients are mostly walk-in clients and repeat customers. The store is currently owner operated, however there are managers in place.
How are the clients attracted to the business?
This business name has a good reputation that keeps customers returning. The shop front and layout of this retail shop is attractive to retail shoppers.
What are the seasonal trends?
November and December tend to be the busiest time, however the income stream is stable and therefore known as a "recession proof" business.
Is the business VAT Registered?
Yes, this business is VAT registered.
What VAT documentation is on file?
All VAT documentation is available to pre-approved buyers.
Are there up-to-date Management Accounts available?
Yes, there are up to date management accounts available to pre-approved buyers.
What is the total staff complement?
There are a total of 8 staff .
Do any receive special perks or incentives?
All staff receive a basic and sales staff receive commissions on sales targets.
How involved is the Owner in running the business?
The owner is involved daily.
When does the current lease end?
The current lease ends in May 2021.
Is there an option of renewal & what period?
There is an option to renew for a period of 3 to 5 years.
What are the trading hours?
Trading hours are 08h30 to 17h30, Monday to Saturday.
Is a copy of the lease available?
Yes, there is a copy of the lease agreement available to pre-approved buyers.
Do you require a licence?
An annual copyright music licence is required, together with a municipal trading licence is required.
What are the main assets of the business?
The main assets of the business is the Furniture & Fittings and one vehicle, however a full asset register will be provided to approved buyers during the due diligence stage.
How have they been valued ?
The assets have been valued at Business value, between the replacement value and the new value.
Are they presently insured?
All assets are presently insured and in good working order.
- Recession Proof - Successful business model - Trained staff in place - Excellent location
What is the reason for the sale?
The current owner would like to decrease his/her workload and retire within 5 years.
Why is this a good business?
An established and trusted business name with an excellent footprint in the market. The business has a consistent flow of income with well trained staff and systems in place.
What is the price plus stock and the profit?
The selling price including an average stock holding of N$ 300,000.00 is N$ 1,450,000.00 and annual profit before tax is N$ 866,700.00.