Fully describe the business's activities?
This Vending Machine business operates in the Johannesburg area. 24 Vending machines are operating at several sites. a Single employee Stocks/Services the machines weekly. All sales are cash.
How long has the business been established?
The business was established in 2012.
How does the business operate on a daily basis?
The owner only does the ordering of stock. The employee Services/Stocks 5 or 6 Vending machines daily using a company vehicle.
How are the clients attracted to the business?
The company has a website ,that attracts many visitors. Approximately 20 requests for Vending machines to be placed at a site , is received weekly.
What Advertising/Marketing is carried out?
A Website is used to market to new customers.
What are the seasonal trends?
Sales are steady throughout the year.
Are there up-to-date Management Accounts available?
The sales will have to be verified by doing a Stocktake/due diligence , as the owner has relied on his employee to manage the business ,with little to no inset from the Owner
What percentage of the business is cash/credit?
All sales are cash.
How could the profitability of the business be improved?
The Owner is not expanding the business , by following up the requests from clients to place Vending Machines at their sites. an Average of 20 requests are received weekly from clients on the website. The business can easily be expanded by buying more Vending machines (between R 30 000 to R 60 000) and placing them at suitable sites.
Is Seller finance available and for what amount?
The Seller would like the Purchase amount in Cash.
What is the total staff complement?
1 Staff member .
How involved is the Owner in running the business?
The owner spends no time at all in the business , except for placing weekly orders for Stock.
When does the current lease end?
The business is operated from the owners home. No rented premises are needed.
What are the main assets of the business?
24 vending machines.
Are any items not included in the sale?
The vehicle used in the operation of the business is NOT included.
What is their overall condition?
All vending machines are in working order.
Do any require repairing?
No repairs are needed at present to any vending machines.
This business is extremely easy to run. The business can be easily expanded by placing more vending machines at new sites. All sales are cash. Can be operated from home , no rented premises needed.
Current owner is not involved in the management of the business.
The business can be quickly and easily be expanded by following up on the approximately 20 enquirers from new clients weekly.
No threats could be identified at present.
What is the reason for the sale?
The owner has other business interests,requiring all of his available time.
Why is this a good business?
Very easy to manage. All cash Sales Only 1 employee. Passive income. Great interest from new clients for the Services of the company.
What is the price plus stock and the net profit?
R 1 284 000-00 (exc Stock)
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