Ref. No - BFS00164
South Africa, Western CapeRef. No - BFS00164
Sector - Sales & Services
Summary
Online businesses are the future, and this owner has been building this business meticulously up over 5 years and have a strong loyal clientele basis with huge opportunities to expand the business locally and also enter the export market
With an off consumer liquor license and all management functions in place, its really a situation of walking in and continuing with the business
The target market is the clients that can afford wines that are not in the top bracket of export wines but still prefer quality wines, purchasing these wines at considerable savings which is very important in our existing economy
Wines vary from young, rare wines to vintage wines- 100% local from the Western Cape
Clients can also choose non label wines and can then brand their wine bottles according to the occasion/celebration etc
The business is operating from a business premises that has got an off consumption liquor license so the business cannot be moved except if a new premise goes through the steps of getting approval from the Liquor Board
Assets of +/- R100,000 is included in the sale
Stock varies according to orders placed/availability of wines/seasons etc
Give me more informationHow long has the business been established?
4 years
Is the business VAT Registered?
Average turnover R1,15 million per annum
Average COS- 58%
Average GP- 42%
NP (EBITDA)- R303,258 per annum
SELLING PRICE- R1,1 million plus stock (+/- R60,000)
How many employees?
1
How involved is the Owner in running the business?
On a daily basis
What is the reason for the sale?
The owner is emigrating to Australia
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