Fully describe the business's activities?
The business imports, as well as sourcing locally, a range of shoe and foot care products which it repackages and wholesales to major retailers using an external delivery service.
How long has the business been established?
Established in 2005
How long has the owner had the business?
Since 2012 - for 8 years
How does the business operate on a daily basis?
The business imports products as well as sourcing them locally, re-packages them, receives orders from retailers, and delivers to these clients using outside transport.
How are the clients attracted to the business?
Reputation, word-of mouth.
What Advertising/Marketing is carried out?
Does the business have any contract work?
What competition exists?
Limited - but there are similar businesses in other regions.
What are the seasonal trends?
Demand is higher in winter
Is the business VAT Registered?
Yes - certificate available
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Yes - monthly accounts are available until end February 2020.
What Balance Sheet and Income Statements are available?
Audited Annual Financial Statements are available to end Feb 2019
What percentage of the business is cash/credit?
30 % Cash ; 70% on Account
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Further direct marketing. By aggressively expanding the customer base.
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
Manager - 6 years Assistant 1 - 5 years Assistant 2 - 2 years
Do any receive special perks or incentives?
Are they on contract?
All permanently employed
Do any have management potential?
Yes - Manager is loyal and very capable.
How involved is the Owner in running the business?
The owner spends much time overseas but maintains contol at arms length using all internet options.
When does the current lease end?
Monthly lease - unlikely to end because the landlord is a sleeping partner in the business.
Is there an option of renewal & what period?
Yes - negotiable
What is the annual escalation %?
What are the trading hours?
5 Days per week - 8.30am to 4.30pm
What is the square meters of the business?
185 square metres
Who is the Owner/Landlord?
The sleeping partner
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
What are the main assets of the business?
Shelving, computers, office furniture, motor vehicle
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
How have they been valued ?
Fair market value
Which assets are on lease/HP and with whom?
Are they presently insured?
Well established in a niche market
Heavily reliant on two customers
Manufacturing of socks ( CMT ). More direct and aggresive marketing. Expansion of customer base.
As long as current service levels are maintained to two principal customers , then there are no perceived threats.
What is the reason for the sale?
One partner emigrating, the other sleeping partner wishes to realise cash to expand his own business.
Why is this a good business?
An excellent well known product range giving a steady turnover and net profit. Only 3 staff members An excellent manager who is able to run the business while the owner is overseas for extensive periods of time.
What is the price plus stock and the profit?
Selling price : R 2 300 000 including stock Stock : R 900 000 Average monthly adjusted net profit : R 68 000
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