Fully describe the business's activities?
Photocopy, Printing and Stationery shop in the heart of student and business area.
How long has the business been established?
The business has been established for 23 years .
How long has the owner had the business?
The owner started the business in 1997 - 23 years.
How does the business operate on a daily basis?
Owner opens and closes and manages the business. The corporates in the area order via e-mail. Students are a large part of the business as well as other walk-in clients. Excellent position opposite a large university and in the same building as a major private tertiary college.
How are the clients attracted to the business?
Locality. Word of mouth. Service and Website.
What Advertising/Marketing is carried out?
As per above and occasionally pamphlets are handed out in area.
Does the business have any contract work?
The business does get contract work occassionally from businesses in the area.
What competition exists?
There are others in the area but this business is the largest. They are not a threat.
What are the seasonal trends?
Normally closed about the 15 December to the 6th of January when it is quieter for the annual break.
Is the business VAT Registered?
Yes,the business is VAT registered.
What VAT documentation is on file?
Normal VAT returns etc are on file.
Are there up-to-date Management Accounts available?
Yes there are Management Accounts up to December 2019.
What Balance Sheet and Income Statements are available?
Annual Financial Statements to February 2019 are available.
What percentage of the business is cash/credit?
60% EFT. 10% Card. 25% - 30% is Cash.
What is the age analysis of the debtors book?
30-45 Days. Easy to control.
How could the profitability of the business be improved?
A Sales person/rep on the road would make a huge difference to the business. Lots of corporates in the area and close by.
What is the total staff complement?
There are 6 staff members.
Give a breakdown of staff/ functions/ length of service?
All the staff members have been taught how to multitask so can do most jobs in the business. There are 2 graphic designers but they are also able to print etc.
Do any receive special perks or incentives?
A bonus, if any, is awarded at the discretion of management.
Are they on contract?
Yes, they have letters of appointment.
Do any have management potential?
Yes, possibly. To be discussed with owner.
How involved is the Owner in running the business?
The owner is involved about 50% of the time in the business but comes in every day and also works on his other businesses.
When does the current lease end?
The current lease ends in 2025.
Is there an option of renewal & what period?
Yes, there is an option of renewal for 5 years.
What is the annual escalation %?
The annual escalation is 8%.
What are the trading hours?
Monday to Friday: 8.00 am to 5.00 pm Saturday: 8.00 am to 1.00 pm
What is the square meters of the business?
Approximately 180 square meters.
Is a copy of the lease available?
Yes, a copy of the lease is available.
Do you require a licence?
No licence is required to run this business.
What lease deposit and/or other surety is required?
There is normally a deposit of 1 or 2 months required but this can be negoatiated with the landlord.
What are the main assets of the business?
16 x Photocopy/printing machines + finishing machine. 15 x Computers. 1 x Apple Mac for design work. 1 x Toyota Hilux for deliveries. Desks. Shelving and Racking. Counters.
What is their overall condition?
Good to excellent - all serviced regularly.
Do any require repairing?
No, all maintained correctly.
How have they been valued ?
Net realisable value.
Which assets are on lease/HP and with whom?
One machine on lease with Riso - Perfect Binder and Com Colour GD 9630 printer.
Will Seller settle or Buyer to take over?
Purchaser of business will take over. Brings in good income and saves labour of 3 people.
Are they presently insured?
Yes, all comprehensively insured.
Position, history, long-standing and multiskilled staff. Service. In the heart of student area as well as corporate business clients.
Lack of a sales person to take advantage of supplying to nearby corporates.
Text books for schools, Training manuals for training centres.
None really. The service is always needed by students and business entities.
What is the reason for the sale?
The owner wishes to retire.
Why is this a good business?
Perfect position, history, wellknown, knowledgeable staff. Service. There is still opportunity for growth after 23 years.
What is the price plus stock and the profit?
The owner is asking for R2.6 million plus stock-at-cost of approximately R400 000 = R3 million in total.
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