Fully describe the business's activities?
This promotional company has helped many businesses across Southern Africa with their promotional gift, promotional clothing, and corporate gift requirements. They provide promotional items to the majority of industries including automotive, finance, retail, insurance, franchise and more. This company helps to arrange and organize promotional golf days for their growing client bases.
How long has the business been established?
The Business was established in 2004
How long has the owner had the business?
How does the business operate on a daily basis?
Owner manages with one commission-based Rep. She manages the business from home and works intensively with her client in promotional related items needs.
How are the clients attracted to the business?
Word of mouth. The business has a client base build up over 20 years and a very high standard of service
What Advertising/Marketing is carried out?
Specials are sent to clients on a regular based via email
Does the business have any contract work?
No, but she has a very good and huge client base that uses her service on a regular basis.
What competition exists?
There is n lot of competition in the market but she has a well-established client base.
What are the seasonal trends?
From October to November shows a good increase in sales.
Is the business VAT Registered?
What VAT documentation is on file?
All are on request need bee.
Are there up-to-date Management Accounts available?
Annual Financial Statements ending 2019
What Balance Sheet and Income Statements are available?
We have Annual financial statements ending 2019 on file
What percentage of the business is cash/credit?
Eft Payment made mostly
What is the age analysis of the debtors book?
30 day accounts.
How could the profitability of the business be improved?
Additional reps on road and more staff to handle the increase in sales.
Is Seller finance available and for what amount?
What is the total staff complement?
Owner and 1 staff member on Commission base payment
How involved is the Owner in running the business?
Daily. She runs and manages the business on a full-time capacity
When does the current lease end?
None, work from home.
What are the main assets of the business?
The client base build up over 10 years
Very well managed business, with a good client base. Easy to manage and you work from home.
Needs to expand with additional staff.
This market segment shows good constant demand and thus growth. With adding of additional staff (Reps) ,with business income increase.
None we can precede.
What is the reason for the sale?
The owner is at retirement age.
Why is this a good business?
Growing ,well established business with good income and a good market name. Great Client base.
What is the price plus stock and the net profit?
Sold for R750 000.00 Profit R303 000 pj.
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