Fully describe the business's activities?
The business offers specialist expertise in the placement of Administrative, Accounting, Financial, Engineering, IT, Sales and Technical candidates. This service is offered in the different recruitment needs of an organisation â i.e. Temporary, Contract OR Permanent. The business supplies labour to meet individual requirements: General Workers, Machine Operators , Drivers (Code 8 to Code 14), Forklift Drivers, Reach, Truck Drivers , Semi-Skilled Labour, Packers / Pickers / Dispatch, Receiving and Dispatching Staff, Cashiers, Waitrons, Barmen / Bar ladies / Hostesses / Chefs In addition to recritment of labour the business conducts in-house training and learnerships - Further Education and Training Certificate, SETA accredited. The business is level 1 BEEE
How long has the business been established?
The current owners established the business 10 years ago.
How does the business operate on a daily basis?
The business is manager run on a daily basis. The owner manages the large client contract negotiations and the finance in the business. Staff handle the placements of permanent and labour positions. The training room is currently being refurbished to accomodate 25-30 delegates per course.
How are the clients attracted to the business?
The business has long term contracts with large national companies.
What Advertising/Marketing is carried out?
The business has a comprehensive website and a business development manager who secures new contracts and clients.
What are the seasonal trends?
The business is busy throughout the year.
Is the business VAT Registered?
The business is VAT registered. VAT returns are available for qualified buyers.
Are there up-to-date Management Accounts available?
AFS and management accounts are available to qualified buyers.
What percentage of the business is cash/credit?
The business is 100% EFT
What is the age analysis of the debtors book?
Clients have 30 day payment terms
How could the profitability of the business be improved?
The business could be improved with more active marketing.
What is the total staff complement?
There are 9 permanent staff. The business has over 200 labour staff which it outsources to clients as required.
Are they on contract?
The permanent staff are on contract.
Do any have management potential?
The business development manager does currently run the business in the owners absense.
How involved is the Owner in running the business?
The owner currently works 1 - 2 hours a day on the business.
When does the current lease end?
The lease ends 2020 with an option to renew
What is the annual escalation %?
The annual escalation is 10%
What are the trading hours?
The business operates 08:00 - 17:00 Mon - Fri
What is the square meters of the business?
The business is 185m2
Is a copy of the lease available?
A copy of the lease is available.
Do you require a licence?
The business is regsitered with the depatrment of labour. No other licesne is required.
What lease deposit and/or other surety is required?
Two months rental deposit will be required.
What are the main assets of the business?
The main assets are office fixtures and fittings and IT equipment and a staff vehicle.
What is their overall condition?
All items are in good condition.
How have they been valued ?
Assets have been valued as per the balance sheet 2017.
Are they presently insured?
The business is insured.
National contracts SETA accredited
The current owner has not been that actively involved in the business recently.
The training division is new with huge scope for future growth.
No known threats perceived
What is the reason for the sale?
The owner is suffering from ill health.
Why is this a good business?
The business has long term national contracts, it can be remotely managed from anywhere is South Africa.
What is the price plus stock and the net profit?
The selling price is R5,800,000 Monthly average net profit R174k
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