Is the business VAT Registered?
Yes the business is VAT registered.
What VAT documentation is on file?
All documentation is available on file.
Are there up-to-date Management Accounts available?
There are up to date Annual Financial Statements from February 2017.
What Balance Sheet and Income Statements are available?
There are Annual Financial Statements from February 2017.
What percentage of the business is cash/credit?
60% is cash and the remaining is on credit.
What is the age analysis of the debtors book?
The ageing runs on approximately 30 days from statement.
How could the profitability of the business be improved?
As the current owner runs more than this business she has no extra time to put into increasing the profits. There are a number of options that one can follow up with for example : offer art classes in candle making as they are made in-house and there is a full factory at the back of the retail shop where classes can be held. Flower arranging can be incorporated into this business. Marketing and advertising will promote further sales. Lodges, conference facilities, catering businesses, retails shops, florists, wedding and event organizers are all businesses that can be contacted to supply top quality candles in all shapes and colours. A rent a candle side line can also bring in a substantial income.
Is Seller finance available and for what amount?
No seller finance is available.