Fully describe the business's activities?
Manufacture, design and / or source hair, bridal and fashion accessories. They supply to the major e-tailors in South Africa as well as all the private individuals and shops who order online from the website.
How long has the business been established?
The business was established in July 2013.
How long has the owner had the business?
The owner started the business.
How does the business operate on a daily basis?
The owner starts everyday by answering any emails and works on website admin to assure that orders are handled. The other staff member manufactures accessories according to orders.
How are the clients attracted to the business?
The major online e-tailers place orders on a monthly basis and the business have clients who shop online on the website.
What Advertising/Marketing is carried out?
Website which attract by online marketing. Social media advertising, google ads and email marketing.
Does the business have any contract work?
Some of the major e-tailers order from the business.
What competition exists?
There are a few small businesses, but they do not sell to retail clients.
What are the seasonal trends?
The business is busy all year around.
Is the business VAT Registered?
No, the business is not VAT registered.
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Management accounts for the 6 month period ending August 2018 are on file.
What Balance Sheet and Income Statements are available?
March 2017 to February 2018 on file.
What percentage of the business is cash/credit?
20% online orders by credit card 80% for 3-tailers (one has a 30 day account and the other 60 day)
What is the age analysis of the debtors book?
80% between 30 and 60 days
How could the profitability of the business be improved?
Do more online marketing. Employ an admin assistant so that the owner can focus on attracting new business, placing adverts and sourcing products. Previously when the business had an admin assistant they had a lot more online orders.
Is Seller finance available and for what amount?
No, the seller is immigrating and looking to receive the purchase price on the effective date.
What is the total staff complement?
It used to be 2, including the owner. The owner is now handing all aspects of the business on her own.
Give a breakdown of staff/ functions/ length of service?
Owner is involved in manufacturing of some of the jewelery and accessories, administrator and business procurement.
How involved is the Owner in running the business?
The owner is now 100% involved in the business as she did not replace her previous admin assistant/beader.
When does the current lease end?
Work from home, so no lease.
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
8am to 4.30pm, Monday to Friday.
What is the square meters of the business?
+/- 50 m2
Who is the Owner/Landlord?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
What are the main assets of the business?
Furniture, laptop, printer and stock.
Are any items not included in the sale?
The owner's personal vehicle is not included.
What is their overall condition?
Laptop is in good condition but may need to be upgraded in 2 years.
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
The business is not insured only the owners property.
The business has steady and reliable customers, strong admin systems and great courier and delivery systems. They also have secure credit card systems.
customers lose the look-feel of products due to being online, but it is displayed in photo's.
Much more opportunity for online growth and sales if more focus is placed on marketing.
As the business is online there is always a threat of a data breach and identity theft. The business update the details and passwords regularly.
What is the reason for the sale?
The owner and her husband is planning to emigrate.
Why is this a good business?
Online shopping has grown substantially and the business has amazing customers who shop with them regularly.
What is the price plus stock and the net profit?
Good return on investment for this well established business with huge potential for growth. The purchase price including stock is R400,000 with average monthly profit of R33,000 per month.
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