Fully describe the business's activities?
Sales and distribution of protection systems to prevent Diesel theft in vehicles
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 owner run and and managed and they operate from their home.
How are the clients attracted to the business?
Best products, quality and service
What Advertising/Marketing is carried out?
The business has a Website, word of mouth from satisfied clients and advertising campaigns
Does the business have any contract work?
What competition exists?
There are various locally manufactured products
What are the seasonal trends?
Unaffected by seasonal trends
Is the business VAT Registered?
What VAT documentation is on file?
All VAT returns are available via the seller
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
2019, 2018, 2017
What percentage of the business is cash/credit?
Other than a few select accounts with of the bigger clients all other customers are COD
What is the age analysis of the debtors book?
Only a few select accounts on 30 days
How could the profitability of the business be improved?
More legs on the road as in representatives seeing current and potential clients marketing the products
Is Seller finance available and for what amount?
What is the total staff complement?
Three staff members inclusive of the owner and his wife that work in the business
Give a breakdown of staff/ functions/ length of service?
1 x Sales and Marketing 1 x Full time installations 1 x On demand
Do any receive special perks or incentives?
Thirteenth salary and Bonus
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
The owner is full time involved in the business
When does the current lease end?
The business is run from a home office which is one of the benefits of the business, the buyer will relocate to a location of their choosing
What are the trading hours?
Standard business hours
Do you require a licence?
What are the main assets of the business?
Seller will provide a list of assets
Are any items not included in the sale?
To be discussed
What is their overall condition?
Do any require repairing?
How have they been valued ?
Second hand value
Which assets are on lease/HP and with whom?
The only asset under finance is not part of the sale and will be retained by the seller
Are they presently insured?
Patented product with exclusive distribution rights in own areas but can also operate in others as well Best in the business
Need more legs on the road, not getting to all the current and potential clients
The seller feels that the business has unlimited scope for growth as there are a large market of 368,000 registered trucks over 3.5 Tons and 2.4 million vehicles under 3.5 Tons
What is the reason for the sale?
Why is this a good business?
Very well established with exclusive distributorship of patented unique product that is in high demand in the prevention of theft of Diesel fuels from Trucks, Tractors, construction, mining and other industries vehicles.
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Annual Turnover Amount between R 500 thousand and R 6 million