Fully describe the business's activities?
Supplier of Motor Vehicle Spares, Accessories, Service Parts & Batteries
How long has the business been established?
2 Years, owners other transport business has been awarded contracts and he has decided to place this business on the market.
How long has the owner had the business?
2 Years, was established by the owner.
How does the business operate on a daily basis?
Business has staff and manager in place to open and close the business daily, owner over sees the finances of the business and authorizes stock orders. Point of sale system controls the stock levels.
How are the clients attracted to the business?
Business is situated in a very busy area, very well supported by the local community. Perfectly situated for this type of business.
What Advertising/Marketing is carried out?
Bill board signage, Word of mouth, Growing business, Products and services in demand.
What competition exists?
Exclusive business of this sort in lifestyle centre/mall. There is one other business likewise in the area
What are the seasonal trends?
Constant and in growing stages.
Is the business VAT Registered?
What VAT documentation is on file?
Up to date and available to any serious enquiries during due diligence stages.
Are there up-to-date Management Accounts available?
Yes, available to serious enquiries
What Balance Sheet and Income Statements are available?
Up to date
What percentage of the business is cash/credit?
80% Cash & 20% Electronic
How could the profitability of the business be improved?
Better marketing by placing a rep in the market place.
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
1 Manager, 1 Sales & 1 Assistant..
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
30 % of the time.
When does the current lease end?
Is there an option of renewal & what period?
Yes, a further 3 years .
What is the annual escalation %?
What are the trading hours?
Mon - Fri 8am 5pm, Sat 8am - 1pm, Sun 9am - 1pm
What is the square meters of the business?
Is a copy of the lease available?
What lease deposit and/or other surety is required?
1.5 Months +- R 35 000.00
What are the main assets of the business?
Point of sale system, Fittings, Shelving, Office furniture & equipment
Are any items not included in the sale?
All included as per assets register.
What is their overall condition?
Excellent, neat, well kept
How have they been valued ?
Current market related values.
Which assets are on lease/HP and with whom?
None, all paid for cash
Are they presently insured?
Yes full comprehensive insurance in place.
Product in demand, service delivery excellent, Well trained staff, Perfectly situated in busy area, Well stocked, Well priced, Showing good nett profits, Growing stages, Selling price +- value of the stock.
Wide range of stock items needs to be controlled
Placing a rep out in the market place calling on existing clients and sourcing new clients.
Not having a strict stock control system in place.
What is the reason for the sale?
Owner has another transport business that has been awarded long term contracts, owner cannot invest the time needed in this business and has decided to place this business onto the market.
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