Fully describe the business's activities?
Niche Mobile entertainment for Kids, Adults and Corporates
How long has the business been established?
How long has the owner had the business?
The owner started the business
How does the business operate on a daily basis?
Everything is online and done via email with the occasional phone calls. Most of the bookings are done for the weekend
How are the clients attracted to the business?
Purely through the businesses website
What Advertising/Marketing is carried out?
Makes use of Gumtree, Junkmail and a variety of other websites and then making sure the SEO is properly done.
Does the business have any contract work?
Not currently but they are looking to go into partnership with a very busy party venue to have a permanent presence, initial talks have started.
What competition exists?
The is no direct competition as in a mobile solution operated with staff, there are some that hire equipment only
What are the seasonal trends?
Closed between December 15 to January 15, then school holidays are quiet apart from shopping centres
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
The business is 100% EFT
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
More marketing, Contracts with venues and pursing more corporate functions
Is Seller finance available and for what amount?
What is the total staff complement?
10 Part time staff
Give a breakdown of staff/ functions/ length of service?
3 x Manager/Supervisor (Paid per party and organizing the equipment and purchases) Rest are Party Crew Service period is up to five years
Do any receive special perks or incentives?
Paid per party (3 Hours) and Travel, setup is 1.5 hours beforehand so they end up working 4.5 hours
Are they on contract?
All are temp staff
Do any have management potential?
Yes two of the staff and have been used as such in the past
How involved is the Owner in running the business?
100% but online and via phone
When does the current lease end?
What are the trading hours?
No specific times but most functions are on the weekends
Do you require a licence?
What are the main assets of the business?
Seller will supply
Are any items not included in the sale?
Only the items listed on the asset list are part of the sale
What is their overall condition?
Very good condition
Do any require repairing?
Ongoing repairs and maintenance
How have they been valued ?
Second hand value
Which assets are on lease/HP and with whom?
Are they presently insured?
Work from home, Online business, No overheads, Great growth potential, Unique and niche market
Staff reliance and being a good manager to run the business
Expand into the corporate market, venues and additional areas
Competition entering the space
What is the reason for the sale?
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million