Fully describe the business's activities?
Water refilling and selling - purified, magnesium enriched and alkaline
Selling of Reverse Osmosis and Purifying Systems
Selling of replacement filters for the above
Selling and renting water coolers as well as the servicing thereof.
Fitment of filtration systems for boreholes
Selling of filters and media for the above
How long has the business been established?
21 years
How long has the owner had the business?
Since 1st of December 2019
How does the business operate on a daily basis?
Customers will either come into the store and purchase the goods required or call the store for assistance on goods required.
How are the clients attracted to the business?
Advertising
Great Location
Word of mouth
Quality Products and service
What Advertising/Marketing is carried out?
Social Media Local
Franchisor advertises nationally
Does the business have any contract work?
Cooler rental agreements
What competition exists?
Reverse osmosis sales in supermarkets
What are the seasonal trends?
Water sales and refilling higher with warmer weather
Filtration and filter replacements fairly consistent
Is the business VAT Registered?
Yes
What VAT documentation is on file?
With accountants
Are there up-to-date Management Accounts available?
Yes
What Balance Sheet and Income Statements are available?
Up to date
What percentage of the business is cash/credit?
Cash only
How could the profitability of the business be improved?
Exposure to schools in the area
Actively marketing cooler rental and water deliveries to businesses
Is Seller finance available and for what amount?
No
What is the total staff complement?
4
Give a breakdown of staff/ functions/ length of service?
Shop Assistant 1 year
Technician/driver 5 years
Front office manager 2 years
Back office manager 5 years
Do any receive special perks or incentives?
No
Are they on contract?
Yes all accept back office manager
Do any have management potential?
There is a manager in place
How involved is the Owner in running the business?
One of 3 owners runs the business finances on a daily basis , but does have a manager in place.
When does the current lease end?
30 November 2025
Is there an option of renewal & what period?
Yes and for 3 years
What is the annual escalation %?
Can be negotiated with Owner
What are the trading hours?
Mon to Friday 9h00 to 18h00
Saturday 08h00 to 17h00
Sunday and public holidays 09h00 to 15h00
Is a copy of the lease available?
Yes
Do you require a licence?
No
What lease deposit and/or other surety is required?
+ - R 30 000
What are the main assets of the business?
Filtration system
Shop fitting
POS system
Laptop
Are any items not included in the sale?
LDV Vehicle
Can be negotiated
What is their overall condition?
Good Working Order
Do any require repairing?
No
How have they been valued ?
Book value
Are they presently insured?
Yes
Strengths?
Supply water when water outages occur
Supply and maintain water filtration due to suspect quality of municipal water.
Water is the sauce of LIFE.
Weaknesses?
Dependant on municipal supply
Opportunities?
Supply businesses and schools with purified water and filtration systems
Threats?
Cheap reverse osmosis water sold by supermarkets
What is the reason for the sale?
Part owner and manager involved in business will retire
Why is this a good business?
This business offers a unique opportunity for a motivated buyer to take over a well-established and profitable venture.
With it's prime location, loyal customer base, and consistent revenue stream. We are confident that the right buyer will be able to build on the foundation and take the business to the next level.
Annual Turnover Amount between R 500 thousand and R 6 million