Fully describe the business's activities?
The business is a wholesale and retailer supplier of standard and specif nuts bolts and threaded rods . In addition he business supplies to the building , manufacturing machine specialized engineering trade and irrigation trade industries .The business.The basins enjoys specific relationship supplies from the manufacturers of the threaded bolts , nuts and rivers.The business trades under a CC
How long has the business been established?
The business has been established IN 1999 and operational for 21 years as at 2020
How long has the owner had the business?
The current owner established the business in 1999
How does the business operate on a daily basis?
The business operates from a retail shop in a convenient industrial area Mpumalanga . The smaller daily client are served over the counter and the bigger clients place their order via computer generated orders or telepathically. the business then delivers these orders or the clients come and collect them. Due to the specification of certain bolts, nuts and threaded rods , the sock needs to be ordered specifically and the day to day demand of stock is kept in stock at the shop in the storeroom.
How are the clients attracted to the business?
The clients are attracted to the business by word of mouth and the long standing support it enjoys from its operational establishment and supply to the trade .There is retail demand for the business products in the surrounding industrial area where the business is located .The business stocks all varieties and sizes of nuts , bolts and threaded bolts and this specific stock is not easily or readily available by other suppliers in the immediate vicinity. By reason of this the clients who require this specified stock continuously support the business
What Advertising/Marketing is carried out?
there is no advertising and marketing done currently.
Does the business have any contract work?
No , but enjoys long standing supply and support from many of its clients .
What competition exists?
There are bigger national hardware stores which carry nuts and bolts but do not have the same variety and personalized attention of knowledgeable service which the business supplies.
What are the seasonal trends?
The business due to the nature of the products is supplies has continuous demand of supply
Is the business VAT Registered?
Yes the business is VAT registered
What VAT documentation is on file?
the current up to date VAT documentation is on file available for perusal by a qualified serious buyer
Are there up-to-date Management Accounts available?
Yes , there are up to date management accounts
What percentage of the business is cash/credit?
The business operates on a 60% cash and 40% credit basis.The accounts are 30 days from statement
Is Seller finance available and for what amount?
There is no seller finance available
What is the total staff complement?
There are 4 members of staff , 2 of which are the owners of the business
Give a breakdown of staff/ functions/ length of service?
The 2 owners , husband and wife have been with the business since its humble beginnings. the son also an owner and his wife joined the business later. All the staff will leave when the business is sol. However not after full training and operational familiarization in all areas and aspects of the business have been relayed and handed over to the new owner
How involved is the Owner in running the business?
The owner is every active in the business on a daily basis
When does the current lease end?
the business currently has no leas and has been operating on a month to month for several years
Is there an option of renewal & what period?
The landlord will be willing to offer a new lease to the new owner on provision he has approved them first . The new owner will have to pay a months rental as a deposit and the first months rental upfront
What is the annual escalation %?
What are the trading hours?
7;30 TO 16;30 5 Days per week
Who is the Owner/Landlord?
This information is on file
Is a copy of the lease available?
A copy of the lease is available
Do you require a licence?
No there is no license required
What are the main assets of the business?
The assets of the business comprise a vehicle , office furniture, and shelving.
Are any items not included in the sale?
No all the assets as seen on the asset inventory are included in the sale and purchase price of the business
What is their overall condition?
The overall condition of the assets are in a fair to good condition
How have they been valued ?
the seller has placd a value on the assets which he deems to be a fair market related value
Which assets are on lease/HP and with whom?
Yes the vehicle is on HP , but the seller will settle this from the proceeds of the sale .
Will Seller settle or Buyer to take over?
The seller will settle
Are copies of agreements available?
Are they presently insured?
What is the reason for the sale?
The owners wish to retire and their son wishes to immigrate
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million