"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
This well-established pet shop has been in existence for more than 20 years.
Their core clientele would be aquarium owners, and their sales are predominately aquatic pets that include fish, tanks, and all other related products. ( 80 % )
They also sell dog and cat-related products and food, around 10 % of their sales.
The balance is birds, bird feeds, hamsters, smaller animals, etc.
How long has the business been established?
20 years
How long has the owner had the business?
Since 2016
How does the business operate on a daily basis?
The owner is not involved at all in the business. An owner-operator who gets to know the clients and their needs, understands the market, and interacts with it will add turnover to the bottom line.
They currently have three staff members who work retail hours ( 7 days a week ) on shifts.
The business needs at least one person on the floor and one as a cashier.
How are the clients attracted to the business?
Facebook marketing
Word of Mouth
Online Marketing that the Mall does where they are located to attract more feet
What Advertising/Marketing is carried out?
The business had a website, but it has not been online for a while.
It can become an online store, and the buyers can take the domain over and start the website up again.
What competition exists?
Another pet shop in the mall cells high-end dog and cat products.
A similar old school type petshop, like this one, is approx 10km away
What are the seasonal trends?
No real trends
Is the business VAT Registered?
Yes. The seller is happy to sell the shares in the PTY if a buyer so wishes.
What VAT documentation is on file?
To be provided during DD
Are there up-to-date Management Accounts available?
Yes - detail to be discussed with serious buyers
How could the profitability of the business be improved?
Online Website
More Marketing
Owner Involvement
What is the total staff complement?
The business needs at least 2 people on the floor, daily.
The 2 sales people has been with the business for longer than the current owner has had the business.
The cashier resigned in October 2024. The owner asked a family friend to assist. He has not appointed a cashier yet.
This creates the opportunity for an owner operator to add +- R 5100 to the profit of the business if he / she decides to run the business and be more involved.
Do any receive special perks or incentives?
Salary split R 9800 and R 8000
Do any have management potential?
The one guy can take on more responsibility
How involved is the Owner in running the business?
The owner or his wife pops in for maybe 1 - 2 hours per week if needed
His wife runs the Facebook Page and posts.
When does the current lease end?
The lease gets typically signed on a 3-year basis.
The current lease was signed in October 2024.
Is there an option of renewal & what period?
Yes
What is the annual escalation %?
7 %
What are the trading hours?
Weekdays 09:00 -18:00
Saturdays: 09:00 -16:00
Sundays 09:00 -13:00
The staff works 6 days per week - every second week extra day off.
They earn fixed salaries
What are the main assets of the business?
Shelving
Inverter and Battery
POS System that updates stock and tracks sales of products - all bar code scanned
Computers
CCTV Cameras
What is their overall condition?
Good
Strengths?
Niche Environment
Well established for longer than 20 years
Closes competitor 10 km away
Weaknesses?
No real owner involvement
Opportunities?
Online Store
More Marketing
Diversifying into more animals and the sale there off
Threats?
None perceived
What is the reason for the sale?
The owner wants to emigrate to Ireland
Why is this a good business?
This is well established, simple business that operates without the owners daily involvement.
It is priced to sell in this market
