"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
The business sells stationery and also offers framing of pictures, block framing, laminating, t-shirt printing as well as copying and printing
How long has the business been established?
Business opened in 1983
How long has the owner had the business?
Since inception, for 42 years
How does the business operate on a daily basis?
Clients walk into the shop to buy stationery, have framing done, and use their other services like block framing, laminating, t-shirt printing as well as copying and printing
How are the clients attracted to the business?
Repeat business from current customers and word-of-mouth
What Advertising/Marketing is carried out?
No advertising is being done, The business has been around for 40 years and is well known
What competition exists?
There isn't anything similar in the area.
What percentage of the business is cash/credit?
No sales are done on credit. Customers pay cash or via a card
How could the profitability of the business be improved?
Offer stationary packs for the schools in the area
Open on Sunday
What is the total staff complement?
The shop has 4 people working in it plus a part-time cleaner
Give a breakdown of staff/ functions/ length of service?
Owner and daughter work in the front of the shop
2 staff do the framing
How involved is the Owner in running the business?
Owner is at the shop on a daily basis
When does the current lease end?
The current lease is month-to-month.
Is there an option of renewal & what period?
The landlord will sign a new lease with the buyer
What are the trading hours?
Weekdays from 8:00 to 17:00
Saturdays from 08:00 to 13:00
Do you require a licence?
No additional licences required
What are the main assets of the business?
Generator
2 Copiers
Heat press machines
1 Computer
Which assets are on lease/HP and with whom?
The 2 copiers are on HP
Will Seller settle or Buyer to take over?
Buyer will take over HP on copiers
Strengths?
Business has been around for 40 years and is well-known.
Loyal customers
Weaknesses?
Shop can get very busy at times and long hours on your feet
Opportunities?
A younger buyer will be able to identify many opportunities.
Offer school stationery packs
Promote business by advertising
Open on a Sunday
What is the reason for the sale?
Seller needs a change and will be assisting at her husband's business
Why is this a good business?
Business has been around for 40 years, is well-known and has loyal customers.
Staff are fully trained
Loyal customers
Annual Turnover Amount between R 500 thousand and R 6 million
