Is the business VAT Registered?
The business is a registered VAT vendor.
What VAT documentation is on file?
We do not have any VAT documentation on file, but it is readily available from the accountant and will be supplied on request.
Are there up-to-date Management Accounts available?
At this stage we do not have management accounts but it will be made available to serious buyers on request.
What Balance Sheet and Income Statements are available?
Feb. 2015 to 2018 for both companies. Polokwane and Gauteng operate as 2 different legal entities, but the sales price
and other financial information in this report, includes both.
What is the age analysis of the debtors book?
As at 28/2/2018 total debtors outstanding were as follows:
Polokwane R5 162 700-
Current 28,29%; 30 Days 25,89%; 60 Days 11,28%; 120+ Days 19,71%.
Johannesburg: R10 152 966-
Current 74,14%; 30 Days 16,56%; 60 Days 7,64%; 90 days 0,75%; 120+ Days 0,92%
How could the profitability of the business be improved?
By increasing the sales volumes and manage margins carefully. This is a very competitive industry.
Is Seller finance available and for what amount?
Depending on the structure and the agreed selling price on the final transaction, the seller is willing to consider the repayment of a portion of the sale over a 2-3 years period.