Is the business VAT Registered?
What VAT documentation is on file?
All VAT documentation will be made available.
Are there up-to-date Management Accounts available?
Management accounts are available up until November 2017
What Balance Sheet and Income Statements are available?
Annual Financial Statements to February 2017 are available
What percentage of the business is cash/credit?
All business is conducted on a cash/credit card only basis. There are no accounts.
What is the age analysis of the debtors book?
There are no accounts.
How could the profitability of the business be improved?
By increasing turnover through the employment of a representative and by the placement of strategic adverts to promote their unique product range for which they have exclusivity.
Is Seller finance available and for what amount?
In the selling price there is R 400 000 worth of stock included. Other stock is held in a seperate storage facility which the owner is prepared to negotiate around.
What is the payback period?
22 months at current turnover level.
What is the ROI?
Who is the bookkeeper/Accountant?
The owner uses a private accountant to prepare his books. This person will be available to continue giving this service.