Fully describe the business's activities?
Maintenance, Service, Supply & Installation of Compressor Equipment - Pneumatic Tools & Small Hydraulics
How long has the business been established?
By Owner 19 Years
How long has the owner had the business?
How does the business operate on a daily basis?
Staff in place that open and closes the business, owner is involved in the everyday running of the business
How are the clients attracted to the business?
Business has a very strong presents and good representation in the area that has been established for many years. Very well known for quality and service delivery.
Does the business have any contract work?
Business has a solid signed long term contract in place with one of the majors in the area.
What competition exists?
There is another business of the like in the area, however has not got the backbone and is busy closing down.
What are the seasonal trends?
Dec, Jan & April tends to be the quieter months however January 2018 was exceptionally busy. From May - Nov tends to the busier months
Is the business VAT Registered?
What VAT documentation is on file?
Up to Date - available to any serious enquiries during due diligence stages
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
Up to Date
What percentage of the business is cash/credit?
5% Cash - 95% Electronic
What is the age analysis of the debtors book?
+- R 170 000.00 over 30 days
How could the profitability of the business be improved?
Increase staff compliment, more skilled staff
What is the total staff complement?
4 Staff plus 1Owner
Give a breakdown of staff/ functions/ length of service?
1 Artisan, 1 Assistant, 2 Admin plus 1 Owner
Are they on contract?
Yes in place
Do any have management potential?
Business is owner run
How involved is the Owner in running the business?
When does the current lease end?
1 Year lease in place renewable every November, Landlord is willing to enter into a long term lease with new owner.
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
Monday - Thursday 7am - 5pm, Friday 7am - 2pm
What is the square meters of the business?
Is a copy of the lease available?
What lease deposit and/or other surety is required?
1 Months Rent
What are the main assets of the business?
Tools, Office Equipment, Workshop Compressors
Are any items not included in the sale?
All included as per assets register.
What is their overall condition?
Excellent all in very well maintained condition
Do any require repairing?
All well kept
How have they been valued ?
Current market related values.
Which assets are on lease/HP and with whom?
None all paid for cash.
Are copies of agreements available?
Are they presently insured?
Yes comprehensive insurance in place.
Specialized industry service and product in demand, business situated in industrial hub in South Africa. Skill staff in place, solid long term supply contract in place with one of the majors in the area. Business established for many years showing solid net profits, has a strong business relation in place with solid client base. Representation in place for quality and service delivery.
Owner run business
Increase staff compliment, skilled staff.
Aware of no direct threats.
What is the reason for the sale?
Owner want to retire
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