Is the business VAT Registered?
The business is VAT registered.
What VAT documentation is on file?
VAT documentation will be made available during due diligence.
Are there up-to-date Management Accounts available?
Management accounts for the period March 2017 to December 2017 are on file.
What Balance Sheet and Income Statements are available?
AFS for the year ended February, 2015 and 2016 are on file. 2017 will be made available to serious buyers.
What percentage of the business is cash/credit?
Some corporate clients are on 30 day accounts, the rest with a 50% deposit upfront and balance on delivery. For weddings the couple pay a 50% deposit upfront and the balance a week before the event.
How could the profitability of the business be improved?
Source more corporate work and employ additional video and photographers and another editor. The busienss could also be franchised. Studio photography could be advertised more.
Is Seller finance available and for what amount?
No, the seller wishes to sell the business to a serious buyer for the full price. They are however to assist the new buyer for a period of 2 months in training and will thereafter be available to assist with any questions.