"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
This Business operates within a well-known Mall in the Western Cape, based at one of the main entrances close to a large retailer.
Their key focus is the cutting of keys.
They outsource dry cleaning, number plates, and trophy engraving.
The owner has a Joint Venture with a shoe repairer who works in the business.
This little business will be a gem for a small-business owner willing to work the morning shift from 09:00 - 13:00.
The person with whom he has the joint venture for shoe repairs takes the afternoon shift and closes the shop.
In exchange, they have a salary rebate system where the shop receives R 4000 from her per month, but all income from the shoes is for her benefit.
One can quickly train another staff member so that, as a buyer/owner, you don't have to work a shift.
How long has the business been established?
17
How long has the owner had the business?
14
How does the business operate on a daily basis?
The owner opens in the mornings and at 13:00 the other partner comes in to work untill closing.
The owner purchases all the material needed.
How are the clients attracted to the business?
This well-known mall has been in existence for well over 18 years.
The centre management attracts clients/feet, and the array of shops pulls in visitors throughout the year.
With over 100 stores and 40 000 sqm, this is a shopping destination.
What Advertising/Marketing is carried out?
The Mall does marketing but the Business Owner not.
What competition exists?
The closest other centre offering these services is about 6 km away.
Is the business VAT Registered?
No. The turnover in 2024 was over R 1 mil and varies up and down.
It was not yet necessary to register for VAT.
Are there up-to-date Management Accounts available?
Yes - compiled by the owner
How could the profitability of the business be improved?
Enlarge synergetic products.
What is the total staff complement?
There are no employees accept for the owner and the lady that works on the shoes.
How involved is the Owner in running the business?
As the owner has no other focus areas, he only involves himself because he wants to increase his profits.
When does the current lease end?
October 2027
Is there an option of renewal & what period?
Yes. 3 years
What is the square meters of the business?
17sqm
What lease deposit and/or other surety is required?
3 months.
The Buyer can pay this over to the Seller.
What are the main assets of the business?
1 Ã Slica RW4 Plus (transponder coding device) R20 000
1 Ã Ryobi Bench Grinder R700
1 Ã Silca Duo key cutting machine R20 000
1 Ã Silca Swift Plus (milling machine) R25 000
1 Ã Ryobi Cordless Drill R300
1 Ã Shoe Finishing Machine R8 000
1 Ã Watch Closing Device
1 Ã Anvil
Various tools (hammer, pliers, screwdrivers etc)
What is their overall condition?
Good.
Strengths?
Excellent captive market
Only supplier in a 6km radius
Well established
Weaknesses?
Dependant on owner - must train another person
Opportunities?
Grow and expand product ranges
What is the reason for the sale?
The seller has run this store since 2012. He is looking for something different to do, perhaps closer to where he lives.
Why is this a good business?
This is a very stable business in a good mall.
A new buyer with new product offerings will be excellent to bring in some new energy.
