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LocationSouth Africa, KwaZulu-Natal

Sector - Retail

Asking Price
R1,750,000
Monthly Profit
R 47,942
Asset Value
R 485,000
Stock Value
R 250,000
Yearly Net Profit
R 575,305

Summary

Opportunity to acquire 3 fully established Montagu Snacks shops – Newcastle, Ladysmith and Dundee. Each Ideally situated. All three shops can be acquired for R1.5 million plus stock, or alternatively one or two may be acquired. Each shop is staffed and would suit an owner operator.

Give me more information

Fully describe the business's activities?

Sale of dried fruit, nuts, seeds and biltong also selling heath products eg vitamins, honey and xylitol etc.

How does the business operate on a daily basis?

Walk in customers, Gifting, Orders & Deliveries

What Advertising/Marketing is carried out?

Sales and promotions are advertised online as well as in store posters

What competition exists?

There is no direct competition. Indirect competiton includes Dischem, Clicks and other retail businesss's that sell health products. Montagu Snacks distinguishing factor is their brand name, diverse product range, quality and knowledgable staff.

How could the profitability of the business be improved?

Greater capitalization of gift hampers, establishing retail relationships with guest houses and lodges in the area as well as schools - tuckshops. Great potential that requires some time to establish but will increase profitability.

How involved is the Owner in running the business?

Currently managed by a manager - but will suit owner operator.

When does the current lease end?

New leases will be arranged for the Buyer.

What are the trading hours?

Newcastle
– Monday to Saturday – 09H00 to 18H00
– Sunday & Public Holidays – 09H00 to 15H00
Dundee
– Monday to Friday – 09H00 to 18H00
– Saturday, Sunday & Public Holidays – 09H00 to 14H00
Ladysmith
– Monday to Friday – 09H00 to 18H00
– Saturday, Sunday & Public Holidays – 09H00 to 14H00

What are the main assets of the business?

Furniture, fixtures, fridges, computer and Point-of-Sale etc.

Strengths?

Diverse range of products and package sizes to suit all requirements and budgets. Knowledgable staff. Good customer relationships. Strong brand.

Weaknesses?

Not capatilising on gift hampers.
Not capatilising on retailing to hospitalty industry and schools.

Opportunities?

Increasing Gift Hamper service.
Establishing retail relationships with school tuckshops, and surrounding Lodges and Guesthouses.

Threats?

None. Montagu is a strong, well established brand with no direct competition.

What is the reason for the sale?

Owner is studying with the intent of opening a different business.

Location

Contact | Enquire

Mike

Mike Smith CA

LocationSouth Africa, KwaZulu-Natal

Preferred method of contact

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