What are the main assets of the business?
The business owns refrigeration and cooking equipment for the production of the food products. In addition a fleet of transport vehicles delivers the products to distribution centres in Durban and Johannesburg.
Are any items not included in the sale?
Only the owners personal vehicle and effects are not included in the sale.
What is their overall condition?
All assets are maintained in good working order.
Do any require repairing?
No assets currently require repairs.
How have they been valued ?
Assets have been valued according to their book value.
Which assets are on lease/HP and with whom?
No production machinery is on HP agreements but 2 delivery vehicles are on HP agreements.
What are their settlement amounts?
The 3 ton truck has approximately R 550,000 outstanding and the 1.5 ton truck has approximately R80,000 outstanding.
Will Seller settle or Buyer to take over?
The buyer will take over the HP agreements.
Are copies of agreements available?
Copies of agreements are available.
Are they presently insured?
All assets are insured.