"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
This Business Centre is part of a well-known franchise group. They are the one-stop-shop for all business or home office needs and services.
They utilise the latest technologies to provide the highest quality material, printing and finishing while honouring deadlines with digital print solutions, photographic printing, courier services, internet stations and other essential services for businesses and individuals.
Based in a well known coastal town, in the busiest mall, makes the location great !
The Franchise is also leading this sector and through the group, they provide a wide array of services and products which includes the likes of worldwide couriers, local courier, printing and copying, laminating, binding, internet cafe services to name a few.
How long has the business been established?
The owner has had the store for just over 1 year.
How long has the owner had the business?
Just over 1 year
How does the business operate on a daily basis?
The owner operated the store with staff rotating through shifts. However - they now employed a Manager as the owner cannot run the business anymore due to health reasons.
How are the clients attracted to the business?
Excellent Location
Great customer service and low pricing
Quick turnaround on printing requirements with a high standard of quality
What Advertising/Marketing is carried out?
Facebook, Instagram
Does the business have any contract work?
They do have unofficial relationships with regular large companies that support the business daily, with a growing number of new businesses and new developments in the area.
What competition exists?
There are larger print shops that focus more on large format printing
What are the seasonal trends?
The business tends to do better during the holiday season.
They do a lot of photography prints and are open during the festive seasons.
Is the business VAT Registered?
Not yet
Are there up-to-date Management Accounts available?
Yes
What Balance Sheet and Income Statements are available?
With accountant
What percentage of the business is cash/credit?
Around 20/80
How could the profitability of the business be improved?
More feet to the store, large format printing
What is the total staff complement?
The owners wife was involved in the past.
They now employed a manager and there is 1 other staff members.
Give a breakdown of staff/ functions/ length of service?
2 Full time. Just over 5 months
Do any receive special perks or incentives?
Incentive bonuses for new customers
Are they on contract?
All on full time employment with UIF
Do any have management potential?
1 has been promoted to manager
How involved is the Owner in running the business?
The owner works abroad.
His wife was full time involved
When does the current lease end?
2 more years
Is there an option of renewal & what period?
Yes. 3 years
What is the annual escalation %?
8%
What are the trading hours?
Mall hours 7 days a week.
What is the square meters of the business?
58
Is a copy of the lease available?
Yes
What lease deposit and/or other surety is required?
2 months rent and key deposit
What are the main assets of the business?
Printers and other Assets.
Are any items not included in the sale?
Personal Laptops and small household Canon multifunction printer not included.
What is their overall condition?
All Assets are still new.
Do any require repairing?
No. All serviced as per SLA
How have they been valued ?
Canon Retail price
Which assets are on lease/HP and with whom?
Canon Image Press
Canon Wide Format + Scanner
Canon Image Runner
Fuji Photo Machine
What are their settlement amounts?
HP
Will Seller settle or Buyer to take over?
Buyer to take over
Are copies of agreements available?
Yes
Are they presently insured?
Yes
Strengths?
Amazing clients in the area
Major growth in the area with new developments being developed.
Priced almost at New Start Up Franchise Price WITH a 14-month solid trading History
Weaknesses?
Owners recent illness
The other owner is working abroad
Opportunities?
New businesses - Langebaan is exploding
Outdoor signage and large format print
Canvass Printing and more product offerings
Threats?
As with growth, more malls are being planned
Which could dilute the clients somewhat
What is the reason for the sale?
1 Owner on medical care, while other works abroad to provide. Time constraints
Why is this a good business?
Great Franchise
Strong, well-known brand
Personel is customer-oriented.
Great location
Massive growth Potential with surrounding development
State of the art equipment with professional products being produced
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