Fully describe the business's activities?
A computer software company, specializing in the development of a customized Business Management System, including Workshop, Accounting, Payroll and other features Within the panel beating industry
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Support of current client base Selling additional licenses Additional programming
How are the clients attracted to the business?
word of mouth
What Advertising/Marketing is carried out?
Word of mouth
Does the business have any contract work?
Yes gets requests for additional programming
What competition exists?
There are other software in the market with similar functionality but not as complete and integrated
What are the seasonal trends?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
488 by debit order 42 by eft Auxiliary clients by eft
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Expanding the client database and also supplying the hardware for the programs
Is Seller finance available and for what amount?
Yes seller is prepared to negotiate on various ways of financing.
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
4 support staff 2 agents 2 owners - programming and admin
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
100% responsible for all program development
What is the square meters of the business?
work from home
Do you require a licence?
What are the main assets of the business?
Software. 2 vehicles, office furniture and computers
Are any items not included in the sale?
How have they been valued ?
Are they presently insured?
the industry is very specialized and development of a competitive system is not really viable, since there are already a number of approved systems
The main focus is currently on maintenance of the current client base
There is a lot of scope for new business in this industry
Barrier to entry is difficult
What is the reason for the sale?
Partners want to retire
Why is this a good business?
The business has a stable client base. New entrants needs industry approval Lot of scope for new business in the industry
What is the price plus stock and the net profit?
Sale price R16 500 000 Receives monthly income of R350 000 from the current maintenance contracts, after support cost R131 000 income
Annual Turnover Amount between R 500 thousand and R 6 million