Fully describe the business's activities?
Plant hire, sales and service - specialists in brushcutters, chainsaws, generators, industrial and domestic power tools and water pumps. A supplier of pool equipment and chemicals.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
The business is fully staffed with an organisational structure to ensure full responsibility and accountability for all aspects of the business.
How are the clients attracted to the business?
Word of mouth is a very strong draw card. Social media.
What Advertising/Marketing is carried out?
Does the business have any contract work?
What competition exists?
There are 2 hardware and lawnmower shops in the town but neither have the ranges of products and service facility.
What are the seasonal trends?
As with any garden and pool shop business is seasonal.
Is the business VAT Registered?
What VAT documentation is on file?
All VAT documentation is on file.
Are there up-to-date Management Accounts available?
There are up to date management accounts.
What Balance Sheet and Income Statements are available?
The annual financial statements for the year ended February 2018 are available to qualified buyers. The figures in the financial report have been extracted from these financials and adjusted for the owner's personal expenses and non-cash transactions.
What percentage of the business is cash/credit?
Approximately 76% cash and 24% credit.
What is the age analysis of the debtors book?
Approximately: 78% current. 14% 30 days. 8% 60 days and earlier.
How could the profitability of the business be improved?
Soliciting business from government departments and municipalities
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
4 Workshop assistants - 3, 4, 11 & 13 years service. 1 Workshop Foreman - 19 years service. 1 Cleaner - 9 years service. 2 Counter sales - 13 & 19 years service. 1 Sales rep. - 21 years service. 1 Debtors clerk - 2 years service.
Do any receive special perks or incentives?
Are they on contract?
Letters of appointment
Do any have management potential?
How involved is the Owner in running the business?
The four members of the CC are fully involved in the day to day operation of the business.
When does the current lease end?
The property is owned by 2 members of the CC in their personal capacities. The business is charged a market related rental. There is the option to purchase the property.
What are the trading hours?
Mondays - Fridays 08h00 - 17h00 Saturdays - 08h00 - 12h00
What is the square meters of the business?
733 sq mts
Do you require a licence?
What are the main assets of the business?
Vehicles, electronic and electrical equipment, workshop equipment, showroom machines and investment.
Are any items not included in the sale?
One flat screen TV
What is their overall condition?
Do any require repairing?
How have they been valued ?
By the Owners
Which assets are on lease/HP and with whom?
Are they presently insured?
Long established reputable business. Long serving skilled and competent staff. Recognised for it's excellent customer relationships. Excellent relationships with the suppliers of the branded products. Well located in the town with off street customer parking.
There are no perceived weaknesses in the business.
Raise the level of BEE status to acquire government and municipal business.
What is the reason for the sale?
The members are approaching retirement age.
Why is this a good business?
This is a very profitable business with the potential to increase profitability.
What is the price plus stock and the profit?
Price R4.5m + stock R2,007m = R6.507m. Net profit R2.087m.
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