Fully describe the business's activities?
Supply & retail of solar systems and renewable energy systems
How long has the business been established?
How long has the owner had the business?
Owner established business in 2006
How does the business operate on a daily basis?
Business is run, managed and operated by the owner
How are the clients attracted to the business?
Every increasing electricity price hikes by Eskoms demands the general consumer to look at alternative energy sources. Business has been established in the area and has been servicing the community for 12 years plus.
What Advertising/Marketing is carried out?
Word of mouth referrals and longs standing business relations in the area. Business established and has been in the market place for many years. Business has a website
Does the business have any contract work?
Business has done some contract work into African Countries, a BEE element in the business will allow for greater scope for contract work.
What competition exists?
There was competition throughout the years however none of the competitors survived this business.
What are the seasonal trends?
Business is pretty constant throughout the year .
Are there up-to-date Management Accounts available?
Yes, available during due diligence process to any serious enquiries.
What Balance Sheet and Income Statements are available?
Up to Date
What percentage of the business is cash/credit?
20% Cash & 80 % Electronic
How could the profitability of the business be improved?
Adding a better BEE rating to the business
What is the total staff complement?
1 Owner & 2 Staff
Give a breakdown of staff/ functions/ length of service?
Owner manages and runs the finances, 2 front staff sales
Are they on contract?
How involved is the Owner in running the business?
When does the current lease end?
Building is owned by the seller
Is there an option of renewal & what period?
Yes, seller will issue a long term lase at market related rates with an option for renewal. Owner owns the property and will make the property available to the buyers as an option to buy....
What is the annual escalation %?
What are the trading hours?
Monday - Fridays 7:30 - 16:30 Saturdays 9:00 - 13:00
What is the square meters of the business?
+- 250 sqm
Who is the Owner/Landlord?
Is a copy of the lease available?
What lease deposit and/or other surety is required?
One months rental
What are the main assets of the business?
Solar systems (stock), Displays, Shleving, Office equipment
Are any items not included in the sale?
All included as per assets list
What is their overall condition?
Do any require repairing?
All very well kept and maintained
How have they been valued ?
Current market related values...
Product in demand, increasing price hikes at Eskom, renewable energy & solar systems, established since 2006
Business is owner run
A better BEE rating will increase opportunity for contract and government work.
What is the reason for the sale?
Oner has other business interest that he wants to explore
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Annual Turnover Amount between R 500 thousand and R 6 million