Fully describe the business's activities?
A well-known printing company offering litho and digital printing service to it's loyal customers througout SA. Giving nothing short of high quality printing, superior service, competitive pricing and expert advice to meet every client's needs.
How long has the business been established?
The business was established by the curent owner in October 2002.
How long has the owner had the business?
How does the business operate on a daily basis?
Printing or design orders from clients are sent through via email and executed as per the client's request, packed and distributed.
How are the clients attracted to the business?
While this business enjoys repeat business, client's are attracted through referrals and word of mouth.
What Advertising/Marketing is carried out?
There is a comprehensive website which has been designed and managed. They also have a Facebook page.
Does the business have any contract work?
No contract work, however the business has plenty of repeat business.
What competition exists?
There are other businesses carrying out the same type of work, however, this business is well established and boasts loyal clientele.
What are the seasonal trends?
Business is steady throughout the year. January being the most quiet.
Is the business VAT Registered?
Yes, this business is VAT registered.
What VAT documentation is on file?
VAT documentation is available; 12 months returns
Are there up-to-date Management Accounts available?
Up to date management accounts are available.
What Balance Sheet and Income Statements are available?
Annual Financial Statements are available to qualified buyers.
What percentage of the business is cash/credit?
Approx. 85% of business is on 30-day account Approx. 15% of business is cash - this is generally walk-in or once-off clients.
What is the age analysis of the debtors book?
Most clients pay on time. The debtors book normally sits at 45 days.
How could the profitability of the business be improved?
Profitability could be improved by cutting down on cost where possible and improving efficiency.
What is the total staff complement?
The total staff compliment is 25 excluding the owner.
Give a breakdown of staff/ functions/ length of service?
This will be available in future negotiations.
Do any receive special perks or incentives?
The factory and admin manager have use of company vehicles.
Are they on contract?
All employees have employment contracts in place and are all permanently employed.
Do any have management potential?
There are managers in place already.
How involved is the Owner in running the business?
The owner works hands on from 9:00 - 15:00 daily.
When does the current lease end?
The current lease is due to expire February 2020.
Is there an option of renewal & what period?
Yes, there is an option of a 3 year renewal period - negotiable.
What is the annual escalation %?
8% annual escalation.
What are the trading hours?
Working hours are Monday - Friday 7:30 - 16:30 Closed on Weekends and public holidays.
What is the square meters of the business?
Total sqm 367
Is a copy of the lease available?
A copy of the lease is on hand for qualified buyers.
Do you require a licence?
No licence is required.
What lease deposit and/or other surety is required?
This is to be negotiated and discuseed with the landlord.
What are the main assets of the business?
The main assets are the priniting machines, computers and delivery vehilces.
Are any items not included in the sale?
All items on the asset list are part of the sale.
What is their overall condition?
All assets are in good working condition as they are serviced and maintained as required.
Do any require repairing?
No items require repairing.
How have they been valued ?
All assets have been valued at second hand replacement value.
Are copies of agreements available?
Documents will be available to qualified buyers further into negotiations.
Are they presently insured?
All assets are insured.
This business is well-known in the industry and has an excellent reputation. They boast loyal clientele and steadily growing business.
Efficiency could improve
There is still room for growth and the possibility of offering a more diverse service.
No threats perceived.
What is the reason for the sale?
The owner wishes to retire.
Why is this a good business?
This business is well priced, boasts a good reputation and long-standing clientele. Good systems in place for smooth daily operations.
What is the price plus stock and the net profit?
The selling price is R4.3 million. Average monthly net profit R137430
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