Fully describe the business's activities?
The company was started in 2014 with the sole focus of manufacturing and distributing mango achaar. The company operates from a warehouse where the methodology in production if performed and product is packed and ready for delivery to mainly butchers, cash and carries in the south and western parts of Gauteng.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Truckloads of Fresh Mangos are brought in. A team of 8 are responsible for converting the mangos into achaar. Once the process is complete the product is prepared and packaged for wholesale delivery to butchers, cash and carries.
How are the clients attracted to the business?
Through the network of the owners a sizeable customer base has been established over a 4 year period. The uniquely tasting product does attract customers by word of mouth. Most business is repeat business from existing customers.
What Advertising/Marketing is carried out?
The manager relies on word of mouth and seeks out new customers through existing customer expansion
Does the business have any contract work?
No physical contracts exist, however since the business started many customers have remained in existence since Tata Ma Achaar has been established.
What competition exists?
There are products that exist that are similar in nature.
What are the seasonal trends?
No Seasonal trends as there are mangos are in supply all year round.
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
80% Cash and 20% Credit
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Increase customer footprint
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
6 X Workers 1 X Driver 1 X Assistant 1 X Manager All employees have been with the company since inception
Do any receive special perks or incentives?
Bonuses once a year
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
Day to Day
When does the current lease end?
Month to Month
Is there an option of renewal & what period?
Yes, all is negotiable
What is the annual escalation %?
What are the trading hours?
7:30 â 16:30
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?
1 Months Rent Deposit
What are the main assets of the business?
- Delivery Vehicle - Tables - Large 200 litre drums - Flow bins - Scales
Are any items not included in the sale?
What is their overall condition?
Fair Wear and Tear
Do any require repairing?
How have they been valued ?
Market related value given by the owner
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?
Non insured however there is a tracker on the vehicle
- Great tasting product - Attractive Name - Well packaged - Packaged in different volumes for versatile orders to customers
- Lack of advertising - No online presence - Distribution is narrow
- Expansion in terms of reach to new locations/customers - Create and online presence to attract new customers - Create more brand awareness to increase sales
- Many products of similar nature in existence
What is the reason for the sale?
Partners would like to venture into other opportunities
Why is this a good business?
Product is easy to manufacture, simplicity is key. The market for this product is huge in SA.
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Annual Turnover Amount between R 500 thousand and R 6 million