Fully describe the business's activities?
Well established Lighting Company for sale. Established 19+ years, this lighting company offers anÂ an unmatched selection of locally and imported lights as well as a vast variety of electrical components. They also manufacture and custom design light fittings to client specifications. Since the arrival of LED lightingÂ in South Africa this company has been at the fore-front of lighting design using LED technology.Â The company operates from their showroom in the northern suburbs, where they have occupied the same premises for the past 15 years.
How long has the business been established?
How long has the owner had the business?
How are the clients attracted to the business?
Word of mouth
What Advertising/Marketing is carried out?
Only has a website
Does the business have any contract work?
No contract work
What are the seasonal trends?
December is normally a slow month. Other holiday are good months
Is the business VAT Registered?
What VAT documentation is on file?
VAT is up to date
Are there up-to-date Management Accounts available?
Yes available to serious buyers
What Balance Sheet and Income Statements are available?
Available to serious buyers
What percentage of the business is cash/credit?
20% is cash business
What is the age analysis of the debtors book?
50% paid on order and 50% on delivery
How could the profitability of the business be improved?
Is Seller finance available and for what amount?
What is the total staff complement?
2 plus owner
Give a breakdown of staff/ functions/ length of service?
Sales = 16 years sales = 4 years
Do any receive special perks or incentives?
no special perks
How involved is the Owner in running the business?
Owner is running the business on a full time basis
When does the current lease end?
2022 with option to renew. Has been operating from this premises for last 19 years
Is there an option of renewal & what period?
yes 3 years
What is the annual escalation %?
What are the trading hours?
Mon to Fr - 8.00 to 17.00 Sat - 9.00 to 14.00
What is the square meters of the business?
Who is the Owner/Landlord?
Minoan capital rental
Is a copy of the lease available?
Do you require a licence?
No special license needed for trading
What lease deposit and/or other surety is required?
1 months lease
What are the main assets of the business?
One np 200 bukkie fully paid and value R85000.00. COMPUTERS value about R26000.00 printers 3x value R7000.00 total. tables and cupboards R2000.00 1x generator R7000.00
What is their overall condition?
Do any require repairing?
only normal wear and tear maintenance
How have they been valued ?
Are they presently insured?
Yes business is insured.
Good quality and loyal staff Well known in the industry for quality service
Do not do any active marketing
finding new markets by active marketing
Current economy and political turmoil in south africa
What is the reason for the sale?
Owner wants to retire
Why is this a good business?
Solid business that is well know in the industry with constant income. They have a loyal customer base.
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