Opening a shop with our help

Discussion in 'Pet Stop SA' started by Moolis Moolman, 22 Jul 2014.

  1. Moolis Moolman

    Moolis Moolman Pet Stop SA Sponsor

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    Hi fellow reefers

    With 2 successful stores running currently we have been approached by Queens Corner shopping centre with an amazing offer that we are going to take up.

    BUT

    This will also be the ideal opportunity for someone to become a partner in this venture. We can look at the following options:
    1. Active co-owner, working in the shop
    2. Silent partner - sharing in the profits without dealing with the day to day management
    3. Full owner - becoming the first "franchisee" in our future franchize group

    After this store have been running for 6 months or more I intend to launch a full franchize group. I already have the banks approval and they want to go ahead, but there are still 2 or 3 small things I want to sort out for myself (I will not be part of anything that is only good - IT MUST BE GREAT!)

    A co-owner need to invest R245 000-00 for 20% shares (anything less will not make their stake large enough to look after the business) and can expect to recuperate investment within 3 years but not longer than 4 years AFTER a monthly salary was paid out :)

    Silent partners need to invest at least R100 000-00 to make the management and shareholding viable. R350 000-00 would secure them 20% shares.

    Full owner will receive a turn-key business with full advice, discount sharing and input from the current Pet Stop group as if it is a franchize.

    Call me MOOLIS @ 082-782 5623 to make an appointment and discuss this project.
     
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  3. Moolis Moolman

    Moolis Moolman Thread Starter Pet Stop SA Sponsor

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    Regarding co-ownership.

    1. I am not willing to look into more than 1 individual to co-own - to may cooks spoil the broth.
    2. The co-owner MUST LOVE ANIMALS though as without love this venture will not be as successful as it should be.
     
  4. Moolis Moolman

    Moolis Moolman Thread Starter Pet Stop SA Sponsor

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    Hi

    Thank you for the overwhelming response, but please understand the following.

    4 things came up time and time again.

    1. What is the minimum you need to open this shop or If you do not get any investment, what then? This is no problem at all. I do have the capital to do this on my own without any investment.

    2. If you can financially afford to open the shop by yourself Why do you want a co-owner?
    A = my answer is 2 fold
    Well I know and all the hobbyists tell me dayly - people buy from people AND if the manager is the owner (even partially) they look after the business much better. In both Pet Stop SA and Pet Stop Junction the managers are co-owners with shares they received during their term of employment by me. They have even started to buy shares now and as their shares grow so does their commitment grow!
    PLUS
    I intend to start a franchise group in the very near future and this will be the perfect opportunity to test all the systems already in place.

    3. Cant 2 or 3 of us combine our money and buy 20%? NO Co-owners can only be myself and 1 person. otherwise there is only 1 owner - out of experience and seeing life happening all around me I know that only 2 persons with well defined roles to play, a passion to help other people and a clear understanding of what the goals are can make a small venture like this successful.
    So if you intend to become a co-owner understand that clear guidelines will be set according to the success story of both Pet Stop SA and Pet Stop Junction. WE ALREADY INVENTED THE WHEEL

    3. Who are you to be the best partner for me? First a basic background. Starting a a police man and studying law for 3 years I refined my skills to read, interpret and understand laws. Then 2 years in the insurance trade where I refined by understanding of money, financial intelligence and how the powers that be operate. Then 8 years In the retail & wholesale of casings and tyres that thought me the value of integrity and service. Then in 2002 I got the opportunity to sell both these businesses and spend all my time in the pet trade with 12 years as Pet Stop SA and just now Junction in 2012.
    The art of making money did not come on a golden spoon for me, every cent I worked for and out of the profits I made and the savings I made over the years I bought properties that currently give me a return of more than 40% / annum (after all costs and bank repayments) on my investment out of rental income only. The capital growth is there for the leisure funds in my retirement fund.

    Guys I know that a co-owner is the best option but this will not happen just because! It will only happen if the co-owner is the correct person AND if they can buy at least 20%
     
  5. Moolis Moolman

    Moolis Moolman Thread Starter Pet Stop SA Sponsor

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    The due diligence process for a partner that can manage the shop have been done on all applicants up to now and up to now not filled. So you guys that want to become a owner-manager and did not see me yet, can still make appointments. Just remember I will have some terms and SURPRISINGLY the major obstacle up to now seem to be the studies. I expect you to do a crash course in Business management with modules like Financial management, operational management, People management and Sales & marketing and this is not negotiable.

    But the silent partners/investors are tentatively booked with the exception of 1 slot of R100 000-00, so I am looking for MAXIMUM 1 more investor. But should one of the booked slots not materialise I will post.
    Just to clarify - I personally guarantee to buy the full invested amount x 2 back after 4 years.

    I would like to keep 50% shares for myself to ensure the buck stop with me and since a major responsibility rest on my I want the fruits of my labour.


    Thanks for the guys that spend the time to come and see me up to now. I am impressed with most of your business acumen and appreciate your input. Sorry I could take you up on your offers due to your specific circumstances that was not the best for this business opportunity, perhaps the next ones will work better for your circumstances. Then the 2 guys we are going to start their owns shops next year, I can not wait and hope you do take my advice to study the files and files of documentation to read thru ;) if you do I will invest with you as promised.
     
  6. 4age

    4age

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    must the investor be based in jhb?
     
  7. Moolis Moolman

    Moolis Moolman Thread Starter Pet Stop SA Sponsor

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    It would be APPRECIATED if Silent partners / investors would be willing to come and see their investment grow once a year for the annual meeting and for the launch. But in reality NO we can even do the annual meeting with new technology from anywhere in the world.:1:

    But welcome every day if they want - as long as they do not get involved with the manager's duties ;)
     
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