Fully describe the business's activities?
This Business repairs Household Appliances including Washing Machines,Stoves,Fridges.microwaves and Aircons This business is operated from the Owners home.
How long has the business been established?
The business has been operating since 1985
How long has the owner had the business?
How does the business operate on a daily basis?
The Business has Company Vehicle that collect the Appliances from the Client, the repairs are done in a Workshop at the Owners home.
How are the clients attracted to the business?
The business has many long term repeat customers. The business has a fixed monthly budget for online Marketing (Google)
What Advertising/Marketing is carried out?
Google Ads , Facebook ads and Signage are used to advertise the business
Does the business have any contract work?
Yes the business has Contract work.
What competition exists?
The business has few competitors in the immediate area.
What are the seasonal trends?
Summer tends to be busier than winter months.
Is the business VAT Registered?
No the business is not Vat registered.
Are there up-to-date Management Accounts available?
Yes , detailed management Accounts are available.
What Balance Sheet and Income Statements are available?
Only management account are available.
What percentage of the business is cash/credit?
All transactions are Cash and EFT.
What is the age analysis of the debtors book?
No outstanding debt.
How could the profitability of the business be improved?
By buying broken Appliances , fixing them and Selling to public,
Is Seller finance available and for what amount?
No , Seller would like the Full purchase price in Cash.
What is the payback period?
What is the ROI?
68 % ROI
Who is the bookkeeper/Accountant?
The Seller does his own bookkeeping.
What is the total staff complement?
The business has 4 staff including the owner.
Give a breakdown of staff/ functions/ length of service?
The owner is the Manager. 1 Technician. 2 Assistant/Drivers
Do any receive special perks or incentives?
No perks or incentives are payed.
Are they on contract?
Yes . all employees have contracts.
Do any have management potential?
Yes , the employees can work mostly unsupervised.
How involved is the Owner in running the business?
The owner is involved in the daily operation of the business.
When does the current lease end?
The business operates from the owners residence , the business can be operated from any residential property. The owner is willing to let the Buyer use his workshop rent free for 3 months , when the business is sold.
What are the trading hours?
Trading hours are 8 am to 5 pm , monday to friday
Do you require a licence?
No licenses required to operate the business.
What are the main assets of the business?
Various tools,workbenches and a Nissan 1400 Bakkie , used for pickups and deliveries
What is their overall condition?
All assets are in excellent condition ,as the owner recently replaced all his tools.
Do any require repairing?
No repairs are needed on any equipment.
How have they been valued ?
No values has been assigned to the assets
Which assets are on lease/HP and with whom?
There are no outstanding debt on the Bakkie or equipment
Are they presently insured?
No insurance on the assets at present.
The business has been operating since 1985. Its a cash only business, Can be operated from any residential property.
The business slows down in winter , as some appliances like fridges and air cons, dont brake down as much during colder weather.
By buying and selling old or broken appliances , repairing them , and selling direct to the public , an additional income can be made.
No threats can be identified at the moment.
What is the reason for the sale?
The owner would like to retire.
Why is this a good business?
The services of this business will always be in demand The Gross profit margin is massive. Can easily be operated from the buyers home , cutting down on costs.
What is the price plus stock and the net profit?
R 650 000-00 (cash , including assets , including stock)
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