Fully describe the business's activities?
Sales of mattresses, beds, headboards and bedroom accessories and all bedroom related items
How long has the business been established?
How long has the owner had the business?
The business was started by the owner
How does the business operate on a daily basis?
How are the clients attracted to the business?
Word of mouth position - business has a prime spot (will be further elaborated to serious buyers)
What Advertising/Marketing is carried out?
Google Adwords, iYellow (Yellow Pages), Facebook, Pamphlets, Advertising boards
Does the business have any contract work?
No, it is a retail store
What competition exists?
The normal for the industry
What are the seasonal trends?
December, July and November are peak months
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
Yes and supported by bank statements
What percentage of the business is cash/credit?
What is the age analysis of the debtors book?
No debtors book but some layby over three months, however very small
How could the profitability of the business be improved?
More advertising and marketing and increase the stock holding
Is Seller finance available and for what amount?
A small amount may be considered for the right buyer, but surety will be required
What is the total staff complement?
One staff member
Give a breakdown of staff/ functions/ length of service?
The staff member does everything and runs the business in the owners absence, the owner while also selling focuses on advertising and admin
Do any receive special perks or incentives?
Salary and 3% commission on sales
Are they on contract?
Do any have management potential?
The staff member does everything and the seller says he is fantastic
How involved is the Owner in running the business?
Owner is 100% involved in running the business
When does the current lease end?
Is there an option of renewal & what period?
Yes for two years
What is the annual escalation %?
What are the trading hours?
09:00-17:00 Monday to Friday 09:00-14:00 Saturday 10:00-13:00 Sunday
Is a copy of the lease available?
Do you require a licence?
What are the main assets of the business?
Seller will provide a asset list
Are any items not included in the sale?
Laptop and Fridge
What is their overall condition?
Do any require repairing?
Ongoing repairs and maintenance is performed
How have they been valued ?
Which assets are on lease/HP and with whom?
Are they presently insured?
Location Price and quality of products Client service
Capital to stock up more
Stocking up more Additional stock ranges
What is the reason for the sale?
Relocation to look after parents
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Annual Turnover Amount between R 500 thousand and R 6 million