Fully describe the business's activities?
110 coin-operated children's rides located at popular family restaurants such as Spur, Mimmos etc. which are funded on a shared income basis with the location owner.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Owner visits sites on a weekly/monthly basis to empty machines and share the income with the site owner.
How are the clients attracted to the business?
Rides are located in established child play areas in popular family restaurants.
What Advertising/Marketing is carried out?
None - not necessary
Does the business have any contract work?
What competition exists?
None in operational area
What are the seasonal trends?
Busiest during school holidays and weekends
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Records for three months
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
100% cash business
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
With over 450 family restaurants in Gauteng, machines can be re-located according to income generation.
Is Seller finance available and for what amount?
What is the payback period?
Approx 3 years
What is the ROI?
What is the total staff complement?
No staff required
Give a breakdown of staff/ functions/ length of service?
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
Now that machines are all sited, owner spends a couple of days a month, depending on how often he wishes to collect cash.
What are the main assets of the business?
Assets consist of 110 operational ride machines and spare parts for same
Are any items not included in the sale?
What is their overall condition?
Good. Only three months old
Do any require repairing?
How have they been valued ?
At owner valuation
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
Cash business with no stock required and flexible (minimal) hours
Expansion to other venues.
Be aware of security when handling cash
What is the reason for the sale?
Owner has done all the homework to source machines and locate sites, according to requirements for the South African market and would like to do the same in another province.
Why is this a good business?
Easiest cash business with minimal time involved. No staff. No stock replenishment, high profitability. Good investment opportunity.
What is the price plus stock and the net profit?
Price is R1,390,000 and profits expectation is around R600k per annum, but can easily be increased.
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