Fully describe the business's activities?
Wonderful costume hire business, over 6000 costumes, accessories,hats for hire together with some accessories for sale
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 opened and closed by the staff, costumes are hired out normally for one week, with a refundable deposit equivalent to the rental
How are the clients attracted to the business?
The business is well known for their vast range for hire, they have an excellent web page together with other social media
Does the business have any contract work?
No, but have regular repeat clients
What competition exists?
There are other hire businesses, but none with the range they have
What are the seasonal trends?
Busiest times are September to November, but consistent business during the year
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
Management accounts to May2019
What Balance Sheet and Income Statements are available?
AFS for the last 5 years
What percentage of the business is cash/credit?
Normally cash or EFT
How could the profitability of the business be improved?
Is Seller finance available and for what amount?
What is the total staff complement?
Besides the owner there are 5 staff and a student when required
Do any receive special perks or incentives?
Bonuses at the discretion of the owner
Are they on contract?
Letters of appointment
Do any have management potential?
Two staff members are senior and open and close the business
How involved is the Owner in running the business?
The owner spends 5-6 hours a day in the business
When does the current lease end?
The business currently is on a monthly lease
Is there an option of renewal & what period?
Yes, this is negotiable
What is the annual escalation %?
What are the trading hours?
Monday to Friday 08h30 to 16h30 Saturday 08h30 to 12h00
What is the square meters of the business?
Over 900 square metres
Do you require a licence?
What are the main assets of the business?
The main assets of the business are costumes and racks, valued at replacement cost over R1.9m included in the price
Are any items not included in the sale?
Just a fridge and the owners laptop
What is their overall condition?
Excellent, all hires are cleaned and any repairs required are done by the staff as required
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Are they presently insured?
Established for many years, with an excellent reputation and many repeat customers
None other than the economy
This business has everything, just needs more marketing, the seller says there is a big market to hire and or sell men's suits and market to murder mystery events
What is the reason for the sale?
The owner wants a new challenge and is thinking of moving to the Cape
Why is this a good business?
Established since 1982, has regular repeat clients and is very well known
What is the price plus stock and the net profit?
Selling at R545 000 including costumes etc. valued at over R1.9m netting the current owner almost R25k per month EBITDA
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