Is the business VAT Registered?
This business is VAT registered.
What VAT documentation is on file?
All VAT documentation will be made available to serious buyers during a due diligence process.
Are there up-to-date Management Accounts available?
Management financial records up to August 2017 is available
What Balance Sheet and Income Statements are available?
The seller appointed an account recently who is in the process of preparing financial statements for the last 2-3 years.
What percentage of the business is cash/credit?
The business operates on a 100% cash basis obviously including either debit and credit card payments.
What is the age analysis of the debtors book?
The business trades on a 100% cash basis.
How could the profitability of the business be improved?
The profitability of the business can be improved by advertising in the local newspaper and by direct marketing to panel beaters and secondhand motor dealers in the area.
Is Seller finance available and for what amount?
The Seller will not consider vendor finance.
Who is the bookkeeper/Accountant?
The owner is responsible for the accounting records of the business but has recently appointed an accountant to attend to the more advance accounting requirements.