Fully describe the business's activities?
Plumbing Business who mainly services housing complexes and insurance claims (result Damage) for plumbing , reair to ceiling, painting and Tiling
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
The get repeat requests from current customers for plumbing needs.
How are the clients attracted to the business?
Word of mouth
What Advertising/Marketing is carried out?
Does the business have any contract work?
Service level agreement with a few customers,
What are the seasonal trends?
Winter has more geyser bursts.
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
Mostly on account as it is regular clients
What is the age analysis of the debtors book?
30 - 45 days after invoice
How could the profitability of the business be improved?
Advertising and take on work at new building projects
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
General worker 10yrs Plumber 10 yrs Plumber 4 yrs driver 4 yrs General worker 6 yrs
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
Daily basis to manage work.
Who is the Owner/Landlord?
They work from home
What are the main assets of the business?
2 x Nissan bakkies Leak detection machine Drain cleaning machine Tools Computer
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
2 Nissan NP200 bakkies
What are their settlement amounts?
R 200 000 in total
Will Seller settle or Buyer to take over?
To be negotiated
Are copies of agreements available?
Are they presently insured?
Same day service with existing service level agreements
Expand business to also do work at new building sites.
What is the reason for the sale?
Owner will be emigrating to Australia in next year
Why is this a good business?
You have loyal customers and a loyal work force
What is the price plus stock and the net profit?
Capital investment R900 000 Yearly income R491 000 Assets worth R250 000
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