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LocationSouth Africa, Limpopo

Sector - Retail

Asking Price
R1,100,000
Monthly Profit
R 14,279
Asset Value
R 428,556
Stock Value
R 10,000
Yearly Net Profit
R 171,350

Summary

Security DIY shop that is also selling security , aluminum and stainless steel products to home owners and contractors The team is also doing installations of garage doors , blinds and balustrades

Give me more information

Fully describe the business's activities and product range

The business is a supplier of many products in the building and renovation trade
Supplier of Garage doors / Gate motor automation / Balustrades / Roller shutters / trellis doors and Blinds

The business is also selling aluminum doors and windows and selected home security products

The business is the Limpopo agency for the supply of stainless steel products of "Stainless Design "

How does the business operate on a daily basis?

The store manager opens the business and follow up on exciting and new quires
Customers contact the business via Facebook / Website / E-mail / walk-in
The store manager is constantly working on quotations
Orders are placed with suppliers and admin is done
There are a team the is doing installations and call outs

What competition exists?

There are competition in the market - many with inflated prices
This business is also a sole- suppliers on certain product lines

How could the profitability of the business be improved?

The Seller himself is not actively involved in the business
We are sure that will be growth potential with better advertising , wider product range and perhaps a better location

How could the profitability of the business be improved?

The Seller himself is too involved in his other business - and just doesn't have time to focus on this operation
We are sure that will be growth potential with better advertising , wider product range and perhaps a better location

Give a breakdown of staff/ functions/ length of service?

1 x shop manager , 1 x shop assistant , 4 x installers , 1 x marketing

Do any have management potential?

The store manager is managing 80% of the business functions

How involved is the Owner in running the business?

The owner is involved in drawing and designing function is certain quotes
He is checking and approving orders to suppliers

When does the current lease end?

The lease is currently on a month to months basis
A new lease has to be signed
The lease amount can be seen as favorable

What are the trading hours?

Weekdays trading hours is 7h30 to 17h00
Saturdays from 8h00 to 13h00

What are the main assets of the business?

The main assets consists of showroom and office equipment
There are 3 x light delivery vehicles and a trailer on the books of the business
There is a list of tools that is used in the business

Strengths?

The business is fairly simple to run
The current staff is well trained and efficient
The overheads is fairly low and the GP margins high
The business is supplying security products that is in high demand
This business is well established - and is focused to this specific market

Weaknesses?

The street view of the business in not ""fancy ""

Opportunities?

The business has very good suppliers and is able to quote lower than any other competitors in the area
It might be fairly easy to expand and diversify this business
There is huge and constant residential growth in the area - unfortunately the is a high crime rate in the area , but this offer good opportunities for the business

Threats?

No mayor threads was identified

What is the reason for the sale?

The owner is nearing retirement - and eventually want to relocate

Location

Contact | Enquire

Arie

Arie Roos

LocationSouth Africa, Mpumalanga

Preferred method of contact

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