Fully describe the business's activities?
Roof restoration, waterproofing, damproofing and roof painting on residential and commercial buildings
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 business is operated from the Owner's home. Request for quotes received via phone or cold calling. When quote accepted, dates for work are allocated. Materials ordered. Invoicing and accounts prepared in-house.
How are the clients attracted to the business?
Web site, Face book page, sign boards and word of mouth.
What Advertising/Marketing is carried out?
Website, facebook, yellow pages word of mouth
Does the business have any contract work?
No contracts but on the list of approved service providers of corporate businesses
What competition exists?
There are small private businesses that provide a similar service
Is the business VAT Registered?
What VAT documentation is on file?
All VAT documentation is on file
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
The Annual Financial Statements for end February 2018 from which the figures in this report have been extracted and adjusted for the Owners personal drawings and non-cash expenses.
What percentage of the business is cash/credit?
70% before work commences and 30% on completion.
How could the profitability of the business be improved?
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
1x Supervisor 4.5yrs. 4x Painters 8mths to 3.5yrs. 4x Roofer & waterproofer 7mths to 5yrs. 1x Waterproofer & tiler 1yr. 3x Waterproofer 6mths to 3.5 yrs. 1x Bricklayer, plasterer, roofer & waterproofer 6mths. 2x General labourer 7 & 9 mths.
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?
Owner is fully involved in business
When does the current lease end?
The Owner operates the business from home consequently there isn't a lease.
Do you require a licence?
What are the main assets of the business?
Motor vehicle, electrical tools (drills, grinders extensions),spray machine high pressure cleaners, generator
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
How have they been valued ?
By the Owner
Which assets are on lease/HP and with whom?
Will Seller settle or Buyer to take over?
The Seller will settle.
Are copies of agreements available?
Are they presently insured?
Well established business. Excellent reputation. Guaranteed workmanship.
Insufficient advertising, marketing and promotions.
Grow the business with the support of the Franchisor.
What is the reason for the sale?
Ill health in the family.
Why is this a good business?
Wilcote is a well established brand started by the Franchisor 31 years ago. In-house training and training by Franchisor is free for the Buyer.
What is the price plus stock and the net profit?
Price is R1,118,000 plus stock R82,000 = R1,200,000. Net profit R439,754.
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