Fully describe the business's activities?
Wholesale and retail of ironmongery i.e all finishes for houses. This mainly includes handles and hinges but also includes plumbing, electrical, hardware
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Opening store in the morning and selling to people who walk in.
How are the clients attracted to the business?
Online web, social media, Flyers
What Advertising/Marketing is carried out?
Social media, and flyers
Does the business have any contract work?
What competition exists?
Lots of competitors in the market
What are the seasonal trends?
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Expand offering to public
Is Seller finance available and for what amount?
What is the ROI?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
Manager Sales Security
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
Comes in on daily basis
When does the current lease end?
Need to negotiate new lease
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
8 to 4.30
Do you require a licence?
What are the main assets of the business?
Displays and computer equipment
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
How have they been valued ?
Good location in middel of developments Sell good quality and big veriety
People are turning to buy according to price not quality
Add plumbing and electrical
What is the reason for the sale?
Owner needs to spend time with other businesses
Why is this a good business?
Quality goods and sells what is in demand
What is the price plus stock and the net profit?
R1 050 000 including stock.
Annual Turnover Amount between R 500 thousand and R 6 million