Fully describe the business's activities?
The business is a reseller of mobile card machines and devices for a reputable company. The owner sells these machines to the public and small businesses, do the installation and prepare the service agreements. Easy, work from home opportunity with no area restrictions. Give your broker a call to find out more.
How long has the business been established?
How long has the owner had the business?
The owner started the business in 2015.
How does the business operate on a daily basis?
The owner visits businesses in his area to market the opportunity to them. He assists them with the application and service agreements. He will also do the installation of the card device or should it be more complex the holding company will assist with this.
How are the clients attracted to the business?
This business offers their clients a low cost option for a card machine and this is very attractive option for small business owners.
What Advertising/Marketing is carried out?
The owner spends a lot of time cold calling. This is the main method used to sign up more clients. They don't do any other marketing or adverting of their own. The holding company does marketing on a national basis.
Does the business have any contract work?
Yes, the business has currently 300-350 active clients on their books.
What competition exists?
Commercial banks and other similar companies provide similar services and handsets.
What are the seasonal trends?
November - December is the busiest time of the year for this business.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
We have up-to-date figures available for the last 12-months.
How could the profitability of the business be improved?
A new owner can appoint a representative in the business to increase the number of clients.
Is Seller finance available and for what amount?
The owner will consider a cash offer.
What is the total staff complement?
The owner is the only operational employee in the business.
How involved is the Owner in running the business?
The owner is 100% involved in the day-to-day operations of the business.
What are the trading hours?
The owner needs to see his potential clients during normal business hours.
Do you require a licence?
Yes, a new owner would need to sign a resellers-agreement with the holding company.
Lease of the premises?
This is a work-from-home opportunity and do not require any premises.
- Recurring monthly income; - Low overheads; - Work-from-home opportunity; - Easy to operate business with great opportunity to expand; - No area restrictions; - All income collection gets dealt with by the holding company.
- The owner needs to be involved in the business to expand their current client base and increase the monthly recurring income.
- Expand your customer base to increase recurring income; - Appoint more representatives.
What is the reason for the sale?
The owner would like to pursue other business opportunities.
Why is this a good business?
This is an easy to run business with low overheads, great opportunities to expand and an existing database with recurring income. They are a reseller for a reputable company who deals with customer complaints, installations and has the systems and operations to accommodate and service a large customer base.
What is the price plus stock and the net profit?
Selling price for the business is R480 000 with an average Net Profit of R35 000.
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