Is the business VAT Registered?
What VAT documentation is on file?
All returns will be available
Are there up-to-date Management Accounts available?
Yes to February 2018
What Balance Sheet and Income Statements are available?
Management accounts to Feb 2018
What percentage of the business is cash/credit?
95% of the business is cash
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Salaries have already been reduced substantially, however cost of sales is running very high at around 60%, if this can be reduced to a more reasonable average of similar establishments to 40-45% the business should then start turning an acceptable profit
Is Seller finance available and for what amount?
Finance is available, seller would accept R350 000 with the balance over 12 months with suitable guarantees
Who is the bookkeeper/Accountant?