Fully describe the business's activities?
This business sells used trucks, heavy equipment, trailers,containers and everything relating to the trucking industry. They have a large client base which was built over 25 years. They are well known in the industry and also have a client outside of SA This business trades from two properties (included in the selling price)
How long has the business been established?
This business was established in 1997
How long has the owner had the business?
They started the business in 1997
How does the business operate on a daily basis?
Buying and selling of used truck and spares
How are the clients attracted to the business?
A well established client base, word of mouth and a good service record
What Advertising/Marketing is carried out?
They have a web site, but they are one of the oldest and most well-known scrap yards and truck sales yards, with a loyal client base built over the past 25 years.
Does the business have any contract work?
What competition exists?
Some but they work well together.
What are the seasonal trends?
None of what we can see.
Is the business VAT Registered?
What VAT documentation is on file?
Yes and will be available for serious buyers
Are there up-to-date Management Accounts available?
We have financials ending Feb 2018
What Balance Sheet and Income Statements are available?
Ending Feb 2018
What percentage of the business is cash/credit?
Eft and cash 70/30%
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Turn over can be increased with increasing stock purchase and auctions of older stock a few times per year.
Is Seller finance available and for what amount?
What is the total staff complement?
12 Staff members
Give a breakdown of staff/ functions/ length of service?
Most of them have been with the company for more than 10 years. They have an accountant, Licencing Clerk, Spares manager, Yard manager x 2, Sales person x 2 and Spare Strippers x5
Do any receive special perks or incentives?
Only sales staff - they are being paid commission - 10% of sales
Are they on contract?
Do any have management potential?
Yes, the accountant
How involved is the Owner in running the business?
Involved on a daily basis
When does the current lease end?
Owner owns the building
What are the trading hours?
Monday from 7:30 to 17h00, saterday from 8h00 to 12h00
What is the square meters of the business?
Who is the Owner/Landlord?
This business trades from two properties in the same area and is also in the mmarket. Both Properties generates a Income of R300 000 per year.
Do you require a licence?
What are the main assets of the business?
Used trucks spares, containers and related assets.
Are any items not included in the sale?
Sold as lock stock and barrel
What is their overall condition?
Do any require repairing?
How have they been valued ?
Are they presently insured?
A well established business,with a loyal and large client base built over a 25 year period that shows a good profit and a good asset base in a strong market segment.
None we can see but economic factors.
The increase of stock holding , more sales staff and a better sales marketing plan will increase turnover and profit
None we can perceive.
What is the reason for the sale?
The owner wants to retire
Why is this a good business?
This business shows a constant increase in sales year on year. A good provider of income for an investor. Trading properties is also up for sale.
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Annual Turnover Amount between R 500 thousand and R 6 million