Is the business VAT Registered?
The business is not VAT registered
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Complete set of accounts available for the October to September 2017 period
What Balance Sheet and Income Statements are available?
October to September 2017
What percentage of the business is cash/credit?
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Since the business is the only independent panel beater with a spray booth, the insurance industry represents a significant opportunity
The current owner also buys, repairs cars which is an additional profit opportunity
Is Seller finance available and for what amount?
Seller finance is not available
What is the payback period?
32 months when owner benefits are taken into consideration
Who is the bookkeeper/Accountant?
Ms Janine Green ACIS