Fully describe the business's activities?
Retail paint store with own branded product. Part of small group with own brand identity. 4 staff manage and operate the business with Owner visiting periodically.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
4 Staff manage and operate the business.
How are the clients attracted to the business?
Strong service levels. Word of mouth advertising. Representative.
What Advertising/Marketing is carried out?
Face Book Advertising and Representative
What competition exists?
There are a number of paint sellers in town, but this business has its own in-house brand and identity.
What are the seasonal trends?
This business is not on the coast so is not as affected by seasonality as others. However Oct to Dec is busier than mid winter which is predominately June to August.
Is the business VAT Registered?
What VAT documentation is on file?
As Required VAT103i
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
Card and Cash 40% Accounts 60%
How could the profitability of the business be improved?
More distribution by using the same infrastructure. If the Buyer plays an active role in the business significant growth will be achieved.
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
2 x Sales staff 1 x Driver 1 x Cleaner
Do any receive special perks or incentives?
Performance bonus linked to sales.
Are they on contract?
How involved is the Owner in running the business?
The Owner only receives management reports and visits the business but does not operate within the business
When does the current lease end?
Year on year
Is there an option of renewal & what period?
Yes, subject to negotiation.
What is the square meters of the business?
400 Square meters
What lease deposit and/or other surety is required?
What are the main assets of the business?
Mobile Store livery Stock Computer Software The HiLux vehicle is on lease and may be taken over or will be removed from the assets
Are any items not included in the sale?
Just vehicle subject to negotiation
What is their overall condition?
How have they been valued ?
Which assets are on lease/HP and with whom?
1 Vehicle. Hilux 2.5D The Buyer will need to take over the monthly lease on the vehicle or it can be removed from the assets if preferred.
What are their settlement amounts?
TBA at time of negotiation.
Will Seller settle or Buyer to take over?
To be decided.
Are copies of agreements available?
Are they presently insured?
Highly skilled and local business able to offer focused and informed service.
Business requires more networking to obtain incremental sales.
The whole town is showing significant growth and this will impact positively on the business too. There is an opportunity to take over a small micro loans business that forms part of this business premises. If interested, then please advise the Broker who will supply the information.
Possible relocation. Needs to expand.
What is the reason for the sale?
The Owner wishes to expand on their production side and give over by way of sale their interested in the established retail market.
Why is this a good business?
The whole region and especially this large Garden Route town are showing significant growth.
What is the price plus stock and the net profit?
Selling Price is listed at R1,7Million inclusive of assets and stock holding of R680,000. Opportunity to also acquire the neighbouring Micro Loans business.
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