History and Overview Of The Business
|
| Fully describe the business's activities |
This one of a kind business acts as a distributor for a well-known coffee and tea specialist. A wide range of coffee and tea related accessories such as coffee machines, stove-top espresso pots, ceramics and other specialised equipment is also sold. |
| When was the business established? |
1999 |
| How long has the owner had the business? |
Second owner. Bought 4 years ago and now 1 year in current premises |
How Does The Business Operate
|
| How does the business operate on a daily basis |
Owner operated. |
| How are the clients attracted to the business? |
Word of mouth
Been established very long people knows about it and it is a destination shop. |
| What Advertising/Marketing is carried out? |
Website. |
| Does the business have any contract work? |
No |
| What competition exists? |
Normal competition for the industry |
| Seasonal Trends? |
No visible trends |
Financial Information
|
| Vat Registered? |
Yes |
| Management Accounts? |
Yes, owner will provide. |
| Audited Financials? |
Yes, owner will provide |
| What as Cash/Credit Split? |
Cash & Card |
| Debtors Book Age Analisys |
None |
| How can you improve the profitability? |
Promote the business more, especially social media.
Shrink the shop size to half the size as it is to big currently after the move. Introduce interaction with clients, like tasting and courses |
| Is Seller Finance available and if so what is it? |
No Cash sale |
Staffing Of the Business
|
| What is the total number of Staff? |
No staff, owner managed. |
| Staff Breakdown |
N/A |
| Staff Special Perks and Bonuses? |
N/A |
| Are the staff on Contract? |
N/A |
| How involved is the Owner in running the business? |
Owner is hands-on |
Premises Of the Business
|
| When Does the Current Lease ends? |
2020 |
| Is there an option to renew? |
Yes |
| What is the annual escalation % |
Negotiated a moratorium for 12 months |
| What are the Trading Hours? |
Mon-Fri 09:00-19:00
Sat-Sun 09:00-17:00 |
| What is the square meters? |
114m2 |
| Is a copy of the lease available? |
N/A |
| Do You require a license? |
No |
Assets Of The Business
|
| Full Asset List available? |
List is on file |
| Anything not included in the sale? |
Some personal items, i.e. a small wall clock that is a family heirloom |
| What is condition of the assets |
Good |
| Any Assets on Lease/HP that Buyer needs to take over? |
N/A |
| Are they insured at the moment? |
Yes |
SWOT Of The Business
|
| STRENGHTS |
Established for a long time,
Loyal client base
One of a kind business
Nice brands represented |
| WEAKNESSES |
High Rent
Limited marketing & Social media drive |
| OPPORTUNITIES |
More marketing
Smaller space to reduce cost
Coffee tastings can be offered |
| THREATS |
None perceived |
Summary
|
| Why is this a good business |
Specialized and classy coffee and accessories retailer. Coffee has become very popular and a culture of drinking nice coffee has become popular especially in the affluent areas where this is located |
| Why is the owner selling it? |
Retirement and lifestyle change |