Ref. No - BFS936688
South Africa, GautengRef. No - BFS936688
Sector - Retail
Asking Price
R1,350,000
Monthly Profit
R 38,243
Asset Value
R 96,000
Stock Value
R 1,000,000
Yearly Net Profit
R 458,915
Summary
Music store in Pretoria
Give me more informationFully describe the business's activities?
Sale of new and used musical instruments and related products
How does the business operate on a daily basis?
Sales to mainly walk-in customers
What Advertising/Marketing is carried out?
Advertising boards
Facebook marketing
Facebook marketing
What competition exists?
MusicShop in Menlyn
MusicShop in Montana Park
MusicShop in Montana Park
How could the profitability of the business be improved?
More advertising boards
Dedicated website for shop only
Visits to local schools/churches
Enhanced online presence
Dedicated website for shop only
Visits to local schools/churches
Enhanced online presence
Give a breakdown of staff/ functions/ length of service?
1,5 YEARS
Do any have management potential?
Yes
How involved is the Owner in running the business?
Yes
When does the current lease end?
Renewed on a yearly basis
What are the trading hours?
08:00 to 17:00 Monday to Friday
08:00 to 13:00 Saturdays
08:00 to 13:00 Saturdays
What are the main assets of the business?
Music Equipment stock
Shop equipment & fittings
Shop equipment & fittings
Strengths?
Unique combination of New and Used musical instruments
No close competition
Shop well known
Established customer base
Parking right in front of store
No close competition
Shop well known
Established customer base
Parking right in front of store
Opportunities?
Expand online presence
Threats?
Online sales like for all retail businesses
What is the reason for the sale?
Owner to focus more on his wholesale business
Working towards retirement
Working towards retirement
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