Fully describe the business's activities?
The company does paving installation at Commercial and Residential properties.
How long has the business been established?
The Company has been operating since 1982.
How long has the owner had the business?
The owner started the Company in 1982
How does the business operate on a daily basis?
The owner operates from his home , he has no full time employees , the bulk of the work is carried out by Sub contractors , the owner quotes for a contract , when he is awarded the contract, he takes a 50 % deposit before purchasing the paving and installation begins.
How are the clients attracted to the business?
The owner places signs at the construction sites where he works.
What Advertising/Marketing is carried out?
No advertising is carried out other than signs placed at construction sites.
Does the business have any contract work?
The owner has many regular customers that use his services.
What competition exists?
Few competitors exist , as most contractors don't specialize in paving only.
What are the seasonal trends?
December is quiet as most construction companies close early in the month
Is the business VAT Registered?
Yes,the business is vat registered.
What VAT documentation is on file?
Vat 201 returns are available.
Are there up-to-date Management Accounts available?
Yes , detailed management accounts are available.
What Balance Sheet and Income Statements are available?
All financials are up to date and available.
What percentage of the business is cash/credit?
Deposit of 50% is paid before any work is done , no credit is extended to customers.
How could the profitability of the business be improved?
The business does no marketing at the moment , doing effective marketing can greatly improve the profits.
What is the payback period?
What is the ROI?
What is the total staff complement?
The company has no full time employees other than the owner, All work is subcontracted . This cuts down on unnecessary costs , as labor costs are only incured when the company has work.
How involved is the Owner in running the business?
The owner is involved in the daily operation of the business.
What are the main assets of the business?
The company owns a bakkie and a small amount of tools, since all work is sub contracted , the company does need much equipment or tools.
What is their overall condition?
The bakkie and tools are in fair working condition.
Do any require repairing?
No repairs are needed to the bakkie or tools at present.
Which assets are on lease/HP and with whom?
There are no outstanding debts on the bakkie.
The business has been operating since 1982. The company has no full time employees or a premises to operate from, which greatly reduces the costs of operating the business and makes this business relatively easy to manage.
The company does no marketing at present
Online marketing could greatly improve the profits of the company.
Few threats exist , as the company has been operating successfully since 1982.
What is the reason for the sale?
The owner is relocating to the Western Cape later in 2018.
Why is this a good business?
The business is easy to operate , as it employs only sub contractors , and does not need a premises to operate from.
What is the price plus stock and the net profit?
The price is R 1 500 000-00 , profit is approximately R 25 000-00 per month
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