B.1 Capex & depreciation register
|
Equipment / asset |
Cost (R’000) |
Life (yr) |
|---|---|---|
|
Shop fit-out & renovations |
60 |
6 |
|
Shelving & display units |
70 |
6 |
|
Refrigeration equipment |
85 |
8 |
|
Chest freezers |
45 |
8 |
|
Point-of-sale system |
25 |
4 |
|
CCTV & security |
30 |
5 |
|
Opening inventory (working capital) |
170 |
— |
|
Registration, licences & marketing |
30 |
expensed |
|
Working capital reserve |
25 |
— |
B.2 Key assumptions register
|
Parameter |
Assumption |
|---|---|
|
Revenue (preserved) |
R2.85m → R4.87m over 5 years |
|
Blended gross margin |
26% → 28% |
|
Shrinkage (theft & spoilage) |
1.5% of revenue |
|
Funding |
R300k owner equity + R240k SME term loan |
|
Term-loan rate / tenor |
15% / 5 years, straight amortisation |
|
Repo / prime (SARB, mid-2026) |
7.0% / 10.5% |
|
Corporate tax |
SBC progressive (qualifying small company) |
|
Inventory turns |
12.0× → 13.2× |
|
Trade payables |
~15 days of COGS |
|
Dividends |
From Year 3, ~30–40% of net profit |
|
Exit multiple (illustrative) |
3×–5× EV/EBITDA |