Fully describe the business's activities?
Manufacturer of Wendy Houses, Log Cabins, Doll Houses and installation thereof at client's premises
How long has the business been established?
Since January 2011, seven years and six months
How long has the owner had the business?
The owner started the business
How does the business operate on a daily basis?
The business is mainly staff run with the owners playing a oversight role ensuring all runs to plan A typical day starts at 07:30 when vehicles are loaded for delivery for four teams, The sales department then make sales, confirm deliveries, make bookings, issue work to manufacturing Manufacturing build the panels ready for delivery the next day
How are the clients attracted to the business?
Marketing and sales which is only online based
What Advertising/Marketing is carried out?
Online from the comfort of the sellers computer with most of the marketing strategies being automated
Does the business have any contract work?
What competition exists?
They have competition on the various platforms they advertise on, however their prices are are competitive and the quality is above average. They have 78,000 likes on their facebook with no competitor even close to that.
What are the seasonal trends?
It is a little slower in April and December as they shut for two weeks annual leave.
Is the business VAT Registered?
What VAT documentation is on file?
All relevant information with the accountants
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
The business is EFT - upfront payment (made to order)
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
The business is evolving into new products as it progresses and one could for example build dog kennels with the off cuts, the seller also has some ideas for other wooden products. A steel Jungle gym section can be started as the seller has empty factory that has a spare 120mÂ² space The seller feels that the marketing strategies are solid and that new products can earn more profit
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
1 x Sales Manager - 3 Years 1 Sales - 2 Years 1 x Stock Controller 12 x Delivery - 5 years, 6 Years, 6 Years, 6 Years and others 2 x Factory
Do any receive special perks or incentives?
Yes incentives for all employees
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
The seller has minimal involvement which is limited to coming in the morning to oversee the staff and be finished by 11am
When does the current lease end?
Is there an option of renewal & what period?
Landlord is open to negotiations and is apparently very reasonable and has a large number of properties
What is the annual escalation %?
What are the trading hours?
07:30-16:30 Mon to Thu 07:30-15:30 Fri 08:30-11:30 Sat - Sales staff only
Is a copy of the lease available?
Do you require a licence?
What are the main assets of the business?
Asset list is available
Are any items not included in the sale?
Cellphones and personal laptops
What is their overall condition?
Do any require repairing?
Which assets are on lease/HP and with whom?
There are vehicles and there I-Track units that are financed
Will Seller settle or Buyer to take over?
Buyer will have to take over the financing or refinance the vehicles, the finance cost have been taken into account in the expenses
Are they presently insured?
Very well established and a dominant player in the market Excellent products Well structured with all procedures in place freeing the owners for minimal involvement or mainly oversight
Expand into new product ranges Additoinal market and Sales
What is the reason for the sale?
The seller is emmigrating
Why is this a good business?
The business makes good profit, has good systems in place, sells a tried and tested product range and has been structured to require minimal owner involvement
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million