Fully describe the business's activities?
Food wholesaler to the hospitality industry, since 2008. Operates from rented premises conveniently located in the north. premises allows for hygiene standards to be easily maintained. Also has generator. Business offers to clean, de-scale and portioning service for the prawns, fish and salmon. This is not offered by competitors. Products include fish, prawns, variety of meats, venison, chicken.
How long has the business been established?
How long has the owner had the business?
Owner started business.
How does the business operate on a daily basis?
Clients can place orders via mail, cell phone, whattssapp. Same day delivery offered on orders placed before 10. ders picked and dispatched each day. Wednesday usually quieter. No week end trade. Summer months are the boom times. Bulk orders placed on suppliers , held in stock and then on sold.
How are the clients attracted to the business?
Direct contact, word of mouth, web site and advertising.
What Advertising/Marketing is carried out?
Does the business have any contract work?
There are long standing customers. All customers have to sign agreements in order to be supplied. these cover the credit terms.
What competition exists?
There are a few other large competitors, but the business is able to offer service that large companies can not.
What are the seasonal trends?
Yes, summer is better.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
Most customers will start with COD, then as time passes will become credit customers. Most are less than 14 days
What is the age analysis of the debtors book?
Less than 14 days for most
How could the profitability of the business be improved?
Improve the web site, hire a rep.
What is the total staff complement?
9. There is very competent office manger who runs the business in owners absence.
Do any receive special perks or incentives?
Staff work on a hourly rate so are only paid when they work.
Do any have management potential?
Yes, office manager
How involved is the Owner in running the business?
When does the current lease end?
Next year on yearly renewal
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
What is the square meters of the business?
What lease deposit and/or other surety is required?
What are the main assets of the business?
Cold rooms, vehicles, office equipment
What is their overall condition?
Are they presently insured?
Well established, well known, great service, room to expand
BEE level, no rep, no online shop, no social media presence
Extend into new products, target more retail businesses, online shop
The usual economic factors
What is the reason for the sale?
Owner is immigrating
Why is this a good business?
Well established, niche offering, great service, trained staff and expansion opportunities
What is the price plus stock and the net profit?
R1,750,000 including stock
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