Fully describe the business's activities?
Fire sprinkler systems supply and installation Fire equipment supply and installation Irrigation equipment supply and installation Service of all of above
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Manager run with owner giving oversight only
How are the clients attracted to the business?
Regular client base of property managers, developers. Referrals due to integrity, honesty and service excellence. Listed as qualified installers with ASIB (Automatic Sprinkler Inspection Bureau (Pty) Ltd) SABS Approved SAQCC listed
What Advertising/Marketing is carried out?
Facebook, word of mouth and formal listings by above official bodies
Does the business have any contract work?
What competition exists?
What are the seasonal trends?
No seasonal trends. Service annually is a statutory requirement
Is the business VAT Registered?
What VAT documentation is on file?
All on file with the seller
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
All up to 2019 are available
What percentage of the business is cash/credit?
Bulk is by EFT with very small amount in cash
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Start advertising Set up a web site Hire a sales representative to bring in new business
Is Seller finance available and for what amount?
What is the ROI (return on investment)
40.9% last year
What is the payback period?
29 months based on last year's figures
What is the total staff complement?
8 including domestic and owner's wife
Give a breakdown of staff/ functions/ length of service?
1 manager 1 bookkeeper 5 technicians 1 assistant technician
Do any receive special perks or incentives?
13th cheque in December
Are they on contract?
Only 1 is
Do any have management potential?
How involved is the Owner in running the business?
When does the current lease end?
Is there an option of renewal & what period?
What is the annual escalation %?
10% if renewed
What are the trading hours?
08h00 to 16h30 Mon to Fri
What is the square meters of the business?
Office 40 sqm Store 20 sqm
Who is the Owner/Landlord?
Is a copy of the lease available?
Do you require a licence?
Yes. Business is holder of SABS and ASIB licences
What lease deposit and/or other surety is required?
Current lease deposit is R9000
What are the main assets of the business?
Motor vehicles, equipment used for cutting, threading etc of pipes, office furniture
Are any items not included in the sale?
What is their overall condition?
Well looked after
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
Vehicle 1 Wesbank Vehicle 2 Ford Credit
What are their settlement amounts?
Vehicle 1 R25,000 Vehicle 2 R205,000
Will Seller settle or Buyer to take over?
Buyer to take over
Are copies of agreements available?
Are they presently insured?
Set client base of property managers Well established and known within the industry Business is manager run and all technical staff are in place
Unable to take on big projects
There is an overwhelming demand Expand current service offering
Unregistered and not approved fly by night cutting corners and offering cheaper services
What is the reason for the sale?
Owner is emigrating
Why is this a good business?
Well established, with excellent reputation within the industry Bank of Lisbon building fire has highlighted the responsibility of directors and owners of properties to be fire safety compliant
What is the price plus stock and the net profit?
Price is R2.2m plus R30k stock Net profit last year R912k
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