Fully describe the business's activities?
The business operates as a transport company anywhere in the country specialising in 8 ton loads, speciality and break bulk, they have contracts with two of the countries major banks and are preferred suppliers for a number of other large corporations. They have 22 vehicles in total
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
There is a manager in place in Johannesburg who can run the business although the owner is fully involved
How are the clients attracted to the business?
Word of mouth and reputation for service
What Advertising/Marketing is carried out?
Does the business have any contract work?
Yes, they have contracts with two major banks and are preferred suppliers to a number of large corporations
What competition exists?
There are a lot of transport companies
What are the seasonal trends?
Busier towards year end
Is the business VAT Registered?
What VAT documentation is on file?
Can be obtained
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
To Feb 2018, management accounts to Feb 2019 The business is being sold on the EBITDA and members remuneration basis, the sellers will collect debtors, pay all creditors, including any vehicles with outstanding balances. The sellers are prepared to sell 80% now and the balance in two years
What percentage of the business is cash/credit?
Mostly credit accounts
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
The owner says turnover could be increased by approximately R1million per month without increasing vehicles, only drivers
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
23 staff plus 3 members
Do any receive special perks or incentives?
As per bargaining council
Are they on contract?
Do any have management potential?
Manager in place in Jhbg Owners brother is in Capetown
How involved is the Owner in running the business?
Fully involved but the manager is quite capable in his absence
What is the annual escalation %?
10% to be confirmed
What are the trading hours?
What is the square meters of the business?
1200 square metres including offices
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
1 month and surety
What are the main assets of the business?
Mostly fully paid up vhicles
Are any items not included in the sale?
No, only the owners personal vehicle
What is their overall condition?
Do any require repairing?
How have they been valued ?
Owners valuation and agents
What are their settlement amounts?
The seller will settle all amounts outstanding
Will Seller settle or Buyer to take over?
The seller has said he will settle all amounts outstanding,
Are copies of agreements available?
Are they presently insured?
Is a full asset list on file?
Yes for the vehicles
Long established with excellent clients and enviable service record, vehicles are properly maintained by the agents, mostly Isuzu
Opportunity to grow this business by employing a rep to canvass for new clients
What is the reason for the sale?
Main shareholder wants to retire and travel
What is the price plus stock and the net profit?
This business has EBITDA earnings of almost R600 000 per month with assets in excellent condition of over R11.5 million selling for R17million
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