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Pretoria based Retail and Loans Business
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Retail and loans business serving the greater Pretoria area with 2,000 active clients and a base of 24,000 known clients. Very profitable and great growth opportunity. Managers in place but owner is involved.


  Selling Price   3,000,000   Turn Over Per Month     345,166 
  Stock Included 60,000    Profit Per Month 96,927
  Assets Included  100,000   R.O.I %  39%
  Total Price   3,000,000    

 History and Overview Of The Business
Fully describe the business's activities  Retail and loans business serving the greater Pretoria area with 2,000 active clients and a known base of 24,000 clients. The business has a full compliment of 16 representatives and with 16 canvas staff supporting them while they look after the clients. This is a Direct Marketing company so this business has effectively 16 prime sites in Pretoria without the associated cost such as rents normally linked to these.
When was the business established? Since 1997
How long has the owner had the business? The owner started the business
 How Does The Business Operate
How does the business operate on a daily basis While the business is fully owner run it does not require him to be on site all the times there are three full time managers in the business.
How are the clients attracted to the business? Word of mouth is a big driver
What Advertising/Marketing is carried out? There is a compliment of 16 canvassing ladies that walk around looking for business while the rep does their work
Does the business have any contract work? No
What competition exists? None
Seasonal Trends? January and February are the quieter months because of leave and the annual shutdown in December
 Financial Information
Vat Registered? Yes
Vat Documentation on File? All Vat returns are available
Management Accounts? Yes
The Debtors in this report is the Outstanding Balance on the Retail side and total Loans amount.
Audited Financials? Available for all years
What as Cash/Credit Split? This is a cash business, however except for some expenses that are paid cash all the funds are banked and verifyable.
Debtors Book Age Analisys The loan term on the retail side of the business is maximum three months and 30 days on the cash loan side.
How can you improve the profitability? Incentivise the reps on the cash loan side of the business as any increase here is basically net profit, this will be explained to serious buyers
 Is Seller Finance available and if so what is it? No
   Staffing Of the Business
What is the total number of Staff? 34 Staff members
Staff Breakdown 2 x Admin
16 X Reps (3 are also managers with their own areas)
16 x Canvassing ladies
Staff Special Perks and Bonuses? Managers - Basic + Petrol + Comm + Team Comm
Reps - Basic + Petrol + Comm
Canvassers - Basic + Transport + Comm
Are the staff on Contract? Yes and the business makes use of SEESA
Does any of the staff have management potential? Yes two of the managers do
How involved is the Owner in running the business? The owner is fully involved in running the business
  Premises Of the Business
When Does the Current Lease ends? The property is owned by the seller and the buyer can either rent the property or buy the property for an additional R1.5m.
The property has rights to build three double story buildings, the roof of the third building is already standing as the car port at the back of the property and the driveway and entrances are already as required.
Is there an option to renew? If the buyer elects to rent the property it will be through the SecureRent product and the seller will be happy with 2 to 3 years
What is the annual escalation % As part of the rental negotiations
What are the Trading Hours? Monday to Friday 07:30 to 16:30
Closed Sundays and Public Holidays
What is the square meters? ±160m²
Is a copy of the lease available? Will be drawn up
Do You require a license? Must be registered with the NCR and MFSA
 Assets Of The Business
Full Asset List available? On the asset list the seller will supply
 Anything not included in the sale? Some personal files, then also the property maintenance equipment such as the lawn mower. If renting it will only be for the office portion, the garage will be excluded
 What is condition of the assets Good condition
 Any Assets on Lease/HP that Buyer needs to take over? None
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Great growth potential, Cash business, Very well known in the market as they have been around for a long time, Constant demand for the products of the company, That clients have three months to pay
 WEAKNESSES Staff can be a weakness, strikes as then neither staff or clients can get to work
 OPPORTUNITIES The opportunities are only limited by the owners vision, You are not limited to the rental space or to the area, Can add additional products and services which the reps can execute as they already in the areas
 THREATS Having cash in the business
Why is the owner selling it? After doing this for over 20 years the seller is ready for a change

Business For Sale,Businesses For Sale,Retail Business For Sale,Loans,Financial,Pretoria Business For Sale

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