Fully describe the business's activities?
This a very well known paving business that build a brand name over 20 years in and around the Pretoria area. There client base is well established and they are used by house owners, building/ construction company's and other entities. They only have three staff members and used well trained Independent contractors to do the work.
How long has the business been established?
They are 20 Years in business
How long has the owner had the business?
The current owner started the business in 1989
How does the business operate on a daily basis?
The owner have only 3 drivers and 7 independent contractors who do the all work that been quoted on. He does all new quotes and managed all contracts for quality and work flow.
How are the clients attracted to the business?
This brand is well known for there quality and effectiveness of there work. Thus a lot of referrals accrued and word of mouth attract a lot of work.
What Advertising/Marketing is carried out?
A website, home makers Fair, Yellow Pages are used in marketing of the business.
Does the business have any contract work?
What competition exists?
Some in the industries but not a strong brand name as they have
What are the seasonal trends?
Summer months show a tendency of increased sales.
Is the business VAT Registered?
What VAT documentation is on file?
Up to date
Are there up-to-date Management Accounts available?
yes ending Feb 2017
What Balance Sheet and Income Statements are available?
Yes ending Feb 2017
What percentage of the business is cash/credit?
A cash business.
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
A improved local store marketing plan
Is Seller finance available and for what amount?
What is the payback period?
What is the total staff complement?
This company has only 3 staff members. The other 7 are independent Contractors. They are all trained by the current owner and are working for the business for a long time.
Give a breakdown of staff/ functions/ length of service?
The 3 staff members are Drivers.
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?
Daily. He finds work, do quotes manage contracts and daily work flow.
When does the current lease end?
They do not need a premises.
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
From Monday to Friday from 8h00 to 17h00
What is the square meters of the business?
Who is the Owner/Landlord?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
Are any items not included in the sale?
Sold as Lock stock and barrel
What is their overall condition?
Good ,well maintained
Do any require repairing?
How have they been valued ?
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?
Well manage and run business. Strong brand name builded over 20 Years Well supported by local businesses Easy to run Staffing problem are low because of in depended contracting paid to work done.
Economic stresses have a influence on this industry
Current market growth opportunities in the market need to be tapped into to grow the business.
Economic low growth
What is the reason for the sale?
Owner wants to move to a Different province and explore other opportunities.
Why is this a good business?
Show good profits over a long term. Low running cost Staffing issues are low risk
What is the price plus stock and the net profit?
R1 100 000 with a Profit shown as R405 202 pj
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