Is the business VAT Registered?
Yes, with all documentation on file
Are there up-to-date Management Accounts available?
Yes, which will show precise monthly variances in income and expenses vs this Report which is the Signed-off AFS 2018, which were rounded off over the 12 months.
The Net Profit of R654 000 pa is inclusive of the owners benefits which were added back of some R491 000.
What Balance Sheet and Income Statements are available?
2018 AFS and further past ones. This Report is reflective of the Signed-off AFS 2018, with monthly turnovers being rounded off for the full year. AFS 2018 indicate a slightly better result than the AFS 2017, with improvements having come through year after year, inclusive of April 2018 MA results.
What percentage of the business is cash/credit?
There are no Debtors, with all sales being in Cash or by Cr/Dr Cards
How could the profitability of the business be improved?
Opportunities could include a focus on some of the following: Facebook, twitter, snap chat, the younger population groups and their trends, as well as, the stores own website vs the Franchisor's.
Is Seller finance available and for what amount?
The seller could consider stock being paid over a 3 month period