Fully describe the business's activities?
The company is an accredited training provider for various qualifications authorities including, but not limited to, Construction CETA, merSETA (Manufacturing, Engineering and Related Industries), MQA (Mining Qualifications Authority), TETA (Transport Education Training Authority) and ETDP SETA (Education, Training and Development Practices). The business provides operator and skills training for various mining companies, corporations, organisations as well as private individuals, and currently trains almost 2000 students per month. Various courses are offered including training on mining equipment and machinery, lifting and earthmoving equipment, heavy duty vehicles, amongst others.
How long has the owner had the business?
The owner started the business in 2009.
How does the business operate on a daily basis?
A host of training courses are run and facilitated by qualified assessors and moderators.
How are the clients attracted to the business?
The business has a large existing database of clients who make use of their services on a regular basis, and which results in numerous referrals.
What Advertising/Marketing is carried out?
The company has an informative website, and some advertising and marketing is carried out on various social media platforms. However, their reputation for excellence in training, is without any doubt their strongest marketing tool.
Does the business have any contract work?
The business does have contracts in place with some of their clients.
What competition exists?
There are other training providers, however, they do not pose any serious concerns.
What are the seasonal trends?
There are no seasonal trends and the business is extremely active all year round.
Is the business VAT Registered?
The business is a VAT vendor and related documentation is on file.
Are there up-to-date Management Accounts available?
Management accounts for the period 1 March 2019 to 31 July 2019 are available.
What Balance Sheet and Income Statements are available?
Financial Statements in respect of the year ended February 2019 are on file.
What percentage of the business is cash/credit?
Most clients are on a 30 day account, however, their are also numerous cash clients.
What is the total staff complement?
Excluding the owners, there are currently 12 employees.
Are they on contract?
All staff have valid contracts in place.
How involved is the Owner in running the business?
The owners are fully involved in the day to day operations of the business.
When does the current lease end?
The current lease expires in December 2019, however, there is an option to renew which the owners are in the process of finalising.
What are the trading hours?
The business operates from Monday to Friday from 7am until 4pm.
Is a copy of the lease available?
A copy of the lease agreement is available on request.
What are the main assets of the business?
The main assets include several Dover testing machines, power tools, computer equipment and a number of vehicles.
What is their overall condition?
The assets are in excellent condition and have been well maintained.
How have they been valued ?
The assets have been valued at replacement value.
Which assets are on lease/HP and with whom?
Some of the vehicles are still currently on HP with an accredited financial services provider.
Are they presently insured?
All assets are comprehensively insured.
This a well established business with an excellent reputation in their industry. They are BEE compliant and approved vendors for numerous large corporations. They are accredited training providers for various qualifications authorities and their courses are extremely well recognised and renowned for ensuring safe operating practices.
None have been identified.
South Africa is a country with vast skills shortages and a high unemployment rate. There is a planned and concerted effort by many companies to enable employees to acquire work related competencies. This provides numerous opportunities for expansion including the development and promotion of E â Learning Courses, as well as interaction with government sectors, private sectors and youth development.
Global economic threats.
What is the reason for the sale?
The owners would like to focus on other business interests, however, they will consider the sale of a portion of the business.
What is the price plus stock and the profit?
The asking price is R13 900 000 plus stock estimated at around R750 000.
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