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Annual turnover

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  • Mandate: 35350
  • Added: 06 Jun 2022
  • AFS
  • 208

Retail & Online Toy and costume rental store servicing the whole of Namibia

Namibia Coastal,
208
Mandate 35350
Added 06 Jun 2022
N$ 2,420,000* NAD
Stock: N$ 1,850,000
Assets: N$ 648,132
N$ 48,027 NAD
Richard Hoff
Aldes Namibia
Windhoek, Kleine Kuppe
Windhoek, Kleine Kuppe
Summary

Retail & Online Toy and costume rental store servicing the whole of Namibia
SELLING PRICE AFS
N$ 2,420,000* NAD
Stock: N$1,850,000
Assets: N$648,132
N$ 48,027 NAD
Summary

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Fully describe the business's activities?
This is a retail and online toy and costume rental store. They also have a party supply and balloon department. Full stock from all these departments is part of the sale.

How long has the business been established?
The business was established in 2007.

How does the business operate on a daily basis?
The owners of the business open and close the store daily. Orders are met through the up to date online website store. Customers are served in the retail store.

How are the clients attracted to the business?
Attractive signage outside the store, together with an up to date website.

What Advertising/Marketing is carried out?
All platforms of social media marketing and emailed newsletters.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Online Business with Safe and Secure delivery NATIONWIDE.

Is the business VAT Registered?
Yes, this business is VAT registered.

What Balance Sheet and Income Statements are available?
Yes, there are up to date Balance sheets and Income Statements available to buyers during the due diligence stage.

How could the profitability of the business be improved?
/

What is the total staff complement?
There are a total of 4 full time employees and 2 part time employees.

Give a breakdown of staff/ functions/ length of service?
The two owners manage all aspects of business logistics: Human resources, advertising logistics, general bookkeeping, ordering of stock and website logistics. Customers are served in the shop and online by staff. The staff are responsible for online orders and shipping these out. Staff handle the receiving of stock as well as the shelving.

How involved is the Owner in running the business?
The two owners are involved in the business on a daily basis.

When does the current lease end?
The building is available to the buyer on a new 3 to 5 year contract.

What are the trading hours?
Monday to Friday 09h00 - 17h00 Saturdays 09h00 - 13h00

What lease deposit and/or other surety is required?
One months rental deposit is required, currently N$ 24,725.00 retail store and N$ 945.00 garage, including VAT

What are the main assets of the business?
The main assets of the business are the shop fittings.

How have they been valued ?
All assets have been valued at business value.

Strengths?
Unique stock holding and quicker turnaround time than similar competitors. Ahead of competitors with online product visibility & shopping.

Weaknesses?
To dedicate more budget to online marketing such as Google AdWords and Facebook Ads for more clients.

Opportunities?
To tap into the Wholesale side and sell to competitors as well as expand maybe into a flagship store with bigger stock holding.

Threats?
Similar competitors within the same league.

What is the reason for the sale?
The owners would like to retire.

Why is this a good business?
There is a huge open market for online shopping in Namibia with this business being a front runner with a well-established, trusted online shopping experience. This retailer is well-known for being the top party and costume dress up retailer and is poised to become the top toy retailer in the country. A second branch is much needed in a second major town or city of Namibia. This retail shop has great growth potential by expanding further into the baby market, combining everything parents need from birth up to teenagers.

What is the price plus stock and the profit?
Stock is included in sale and must be sold with business. The selling price is N$ 2,200,000.00 with an average monthly stock holding of N$ 1,650,000.00. The net profit per annum is N$ 576,328.00 EBITDA.

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AGENCY DETAILS

Aldes Namibia

4 members
10 mandates
Windhoek , Kleine Kuppe
4th Floor 1@Steps C/O Grove and Chasie street , Kleine Kuppe , Windhoek

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