Fully describe the business's activities?
Manufacturers & Wholesalers offering polished diamonds, specialising in GIA and EGL certified diamonds from 0.005ct up to 10ct + Excellent service and highly competitive pricing.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
They supply Jewellers with polished diamonds on a consignment basis, with a large proportion of clients being from overseas. Seller will also train a buyer during an extended hand over period if required
How are the clients attracted to the business?
The business is well known and connected supplying selected stores with fine diamonds
What Advertising/Marketing is carried out?
They have a facebook and social media profile
What competition exists?
There are other players in the market
Is the business VAT Registered?
What VAT documentation is on file?
The records will be made available during a due diligence
What Balance Sheet and Income Statements are available?
Annual financial statements to Feb 2019
What percentage of the business is cash/credit?
The business supplies diamonds on consignment
How could the profitability of the business be improved?
Expanding the number of Jewellers supplied
Is Seller finance available and for what amount?
What is the total staff complement?
Besides the seller there are two staff, a manager and a driver
Do any receive special perks or incentives?
The manager receives commission on certain sales
Are they on contract?
How involved is the Owner in running the business?
The owner is fully involved
When does the current lease end?
They are on a month to month lease on the offices
What are the trading hours?
08h30 to 16h30 Monday to Friday
Do you require a licence?
What are the main assets of the business?
The assets besides stock are normal office equipment and a vehicle
What is their overall condition?
Good working order
Are they presently insured?
Profitable long established supplier and manufacture of polished diamonds
Purchase additional stock and supply a wider range and additional outlets. Seller will also train a buyer during an extended hand over period if required
Only the economy, but this business has weathered the economic storms and is still very profitable
What is the reason for the sale?
Seller wishes to get involved in a different business
Why is this a good business?
Profitable business, easy to run and the owner will train prospective purchaser
What is the price plus stock and the profit?
Selling at R5.75m netting over R180k per month. PLEASE NOTE: THE PURCHASE PRICE DOES NOT INCLUDE DIAMOND STOCK WHICH RANGES BETWEEN R5-7 MILLION
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