Fully describe the business's activities?
Security fence supplier, erectors & maintenance. Small percentage of business is retail.
How long has the business been established?
How long has the owner had the business?
Since 01 March 2008, however the owner worked in this business as employee since 1993.
How does the business operate on a daily basis?
Business is currently owner run however key staff member in place in the business.
How are the clients attracted to the business?
Business has been established for many years, has a very strong presence in the market place. Very good reputation, majority of the business is on tender based contract.
What Advertising/Marketing is carried out?
Business has established good solid relationships over the years. Quality and service excellence has given the business a very good reputation.
Does the business have any contract work?
Yes in place - Reputable strong authority 30 months - Multi National Major in the area Annually - Another major in the area, strong solid supply business relationship.
What competition exists?
There are other businesses but nothing locally in the area. Business has a good relationship with the closest competitor and does business together.
What are the seasonal trends?
Business tends to be quitter during August & September, busy during November & December and constant throughout the year.
What VAT documentation is on file?
Yes & up to date, available to any serious enquiries during due diligence stages.
Are there up-to-date Management Accounts available?
Yes & up to date.
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
No credit, mainly 30 day accounts
What is the age analysis of the debtors book?
30 Days Max.
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
Breakdown of staff is available on file to any serious enquiries.
Do any receive special perks or incentives?
Yes - performance based bonuses.
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
When does the current lease end?
Current lease solid and indefinite, has a long standing relationship.
Is there an option of renewal & what period?
Yes absolutely, for a long term.
What is the annual escalation %?
What are the trading hours?
Monday - Friday 7am - 4pm
What is the square meters of the business?
Building 195 sqm Yard 3072 sqm
Is a copy of the lease available?
What lease deposit and/or other surety is required?
+- R 45000.00 per months
What are the main assets of the business?
Mainly vehicles, as per detailed assets register, available to serious enquiries. Included in this would be workshop equipment and office furniture and equipment.
Are any items not included in the sale?
All included as per assets register.
What is their overall condition?
Excellent and well kept.
Do any require repairing?
All in working order, all has been maintained.
How have they been valued ?
Current market related values.
Which assets are on lease/HP and with whom?
Copier & PABX system on lease agreement, Vehicles HP agreements.
Are copies of agreements available?
Are they presently insured?
Yes, full comprehensive insurance in place.
Business has been established for 50 plus years, has a very good reputation in the market place known for quality and service excellence, long term contracts in place with solid authorities. Long standing business relations with Multi National Majors in the area. Staff are all well established and trained in the business.
Business will need a BEE element in the coming years.
BEE structure to obtain and secure more business to increase Nett Profits.
No direct threats is known.
What is the reason for the sale?
Owner considering immigration.
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