Fully describe the business's activities?
Retail supply of furniture including custom made lounge furniture
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Located in retail park, so normal walk in customers and leads from website and social media.
How are the clients attracted to the business?
Facebook, website marketing, leaflets.
What Advertising/Marketing is carried out?
Does the business have any contract work?
What competition exists?
Usual suppliers of lounge furniture
What are the seasonal trends?
Is the business VAT Registered?
What VAT documentation is on file?
Registration and returns
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Source new suppliers
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
One part time on deliveries One full time store assistant
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?
When does the current lease end?
Is there an option of renewal & what period?
Yes for another 2 years
What is the annual escalation %?
What are the trading hours?
8h30 tp 16h30 Mon to Fri 8h30 to 14h00 Saturday
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
2 months rent
What are the main assets of the business?
Stock, fixtures and fittings
Are any items not included in the sale?
Vehicles not included. Deliveries are cheaper contracted out.
What is their overall condition?
Stock is new
Do any require repairing?
How have they been valued ?
Latest Factory prices
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?
Strong customer base. Highly customizable premises.
Lead times and time factor for completion of manufacture
Increase stock on hand range, for immediate sale
Cheap imports, imitations
What is the reason for the sale?
Why is this a good business?
Loyal customer base, low overheads
What is the price plus stock and the net profit?
Price as a "going concern" (zero rated to VAT registered purchaser) including R165,000 of stock is just R740,000.
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