Is the business VAT Registered?
Yes the Business is VAT registered, and we are in possession of the VAT returns for the past 6 months.
What VAT documentation is on file?
We have the past 6 months on file.
Are there up-to-date Management Accounts available?
Yes the up-to-date Management accounts are available. The seller provided us with the period from July 2017 to January 2018. The seller keeps accurate records monthly and February, March, and April 2018 Management accounts are also available.
What Balance Sheet and Income Statements are available?
The Balance Sheet and Income are available for the year ended June 2017. Which was the first financial year of trading for the current owner.
What percentage of the business is cash/credit?
The business transactions are 90% Credit card and EFT
What is the age analysis of the debtors book?
A debtors list with age analysis is on file.
How could the profitability of the business be improved?
With additional marketing and social media, as well as cold calling to surrounding businesses, the profitability of the business can be improved.
Is Seller finance available and for what amount?
No, the seller would like to clear the asking price as they have other business interests where the funding will be applied.
Who is the bookkeeper/Accountant?
Would be made available during due diligence.