Fully describe the business's activities?
The business imports aluminium in round bar form or plate and cuts to size as well as steel rods and other materials
How long has the business been established?
The business was established in 2006
How long has the owner had the business?
What is the average KW usage?
How does the business operate on a daily basis?
Staff normally open and close the business, orders are taken and the requirements of the customer are cut to size
How are the clients attracted to the business?
Word of mouth
What Advertising/Marketing is carried out?
None other than a website
Does the business have any contract work?
No, but most customers are regular
What competition exists?
There are other businesses in the same field
What are the seasonal trends?
They close for 3-4 weeks in December / January
Is the business VAT Registered?
What VAT documentation is on file?
This can be made available during a due diligence for serious buyers
Are there up-to-date Management Accounts available?
To July 2018
What Balance Sheet and Income Statements are available?
AFS to 28 February 2018
What percentage of the business is cash/credit?
Mostly on 30 day credit terms
How could the profitability of the business be improved?
Import and offer a wider range of products
Is Seller finance available and for what amount?
What is the total staff complement?
11 employees including the owner
Give a breakdown of staff/ functions/ length of service?
Staff are semi skilled
Do any receive special perks or incentives?
Are they on contract?
Letters of appointment
Do any have management potential?
How involved is the Owner in running the business?
The business is run by two sisters who are fully involved
When does the current lease end?
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
07h00 to 16h00 Monday to Thursday and 07h30 to 14h00 Fridays
What is the square meters of the business?
1000 square metres
Who is the Owner/Landlord?
Is a copy of the lease available?
This can be made available for serious buyers
Do you require a licence?
Only import licence
What lease deposit and/or other surety is required?
Two months deposit was paid by the current owners
What are the main assets of the business?
Besides stock the business has a range of large cutting machines, ample shelving and storage space
Are any items not included in the sale?
What is their overall condition?
Good working order
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
The vehicle may be financed (to confirm)
Are they presently insured?
This is a well established business supplying essential goods cut to size for their clients
Opportunity to increase the product range and increase the profitability of the business
What is the reason for the sale?
The owners are emigrating to Scotland
Why is this a good business?
Solid business supplying good quality products to their clients
What is the price plus stock and the net profit?
Selling at R5 500 000 plus stock of approximately R4 500 000 netting about R2 million per annum Seller wants R5.5 million out, the business can be bought as a going concern or the cc may be purchased with all operating assets, stock debtors and liabilities
Annual Turnover Amount between R 500 thousand and R 6 million