Is the business VAT Registered?
The business forms part of a group of companies and the operating company is VAT registered.
What VAT documentation is on file?
VAT documentation will be made available during the due diligence.
Are there up-to-date Management Accounts available?
The owner provides monthly occupancy figures which are on file.
What Balance Sheet and Income Statements are available?
Financial statements, prepared by the auditor, for the period ending February 2016 are on file.
What is the age analysis of the debtors book?
The guests, mainly companies, pay via EFT or credit card machine. Only a very small percentage of the guests pay with notes.
Is Seller finance available and for what amount?
The seller is open to negotiations. This business forms part of a group of four guest houses in the area.
How could the income of the property be increased?
More advertising and marketing of corporate clients to improve occupancy percentage.