Fully describe the business's activities?
Offers sign language interpreting services for public, corporate and government departments. SARS, Courts, Schools, Prisons etc.
How long has the business been established?
Business been operating for 23 years, however past 3 years as a company.
How long has the owner had the business?
How does the business operate on a daily basis?
The business operates by appointment only when required. Various government departments utilize their services, as well as corporates. Some business via tendering. Listed on the government's Central Supplier Database and has a vendor code. The owners operate with assistance of free lance interpreters.
How are the clients attracted to the business?
Unique service that is very much required in most government areas, like courts, departments, schools, Prisons, DTI etc.
What Advertising/Marketing is carried out?
Registered in the Central Suppliers Database with Governments with vendor code. Flyers / business cards. Social media.
Does the business have any contract work?
Once has just ended in June 2018. However another just started for 2 years. Tenders are regularly available and could take on further contracts.
What competition exists?
Very limited. Are the main suppliers of this unique service. Some small sub- contractors are in the market, but generally go through this business to get the tender.
What are the seasonal trends?
All year requirement.
Is the business VAT Registered?
No and not required. However can volunteer.
Are there up-to-date Management Accounts available?
The owners have prepared accounts for the past 12 months. Bank statements will be made available for due diligence, which all income and business expenses are shown.
What Balance Sheet and Income Statements are available?
2018 AFS will only be available later this year.
What percentage of the business is cash/credit?
All payments are made via EFT or deposit, no cash.
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Improving BEE requirements , further adverting and tendering.
Is Seller finance available and for what amount?
What is the total staff complement?
None. The business makes use of free-lance interpreters.
How involved is the Owner in running the business?
The owners are involved 100% with Tenders, emails, quoting and collecting.
When does the current lease end?
Work from home business, offices not required.
What are the main assets of the business?
Very limited assets, the owners make use of private laptops and phones.
Well established and offering services in a industry that are required. Existing Government client, with vendor code. No major assets required to operate and neither any premises. Clients are seen at their premises.
Require improvement of BEE level.
Ideal for owner that is passionate about the community and helping others. Plenty of opportunity to expand, build up a larger independent interpreter base and dominate as a preferred supplier of this skill / service.
What is the reason for the sale?
The owner has been operating in this industry for many years. Unfortunately had some health problems and has affected daily operation.
Why is this a good business?
WOW. What a unique offering. Major demand for the service in Government. As legislation and requirements improve, so will this need for the service. Opportunity to grow, whilst offering a service for people need the assistance.
What is the price plus stock and the net profit?
R950k and netting around R50k.
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