"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
This entity covers all state of the art instrumentation devices which includes all the brand names to cover clients' needs.
Service includes not only the sales of the product but also the installation thereof.
In short the reseller, consultation, installations, sales, programming of instrumentation and electronica devices in mines, manufacturing businesses.
How long has the business been established?
Established by the owners in 2017
How long has the owner had the business?
The last 3 years
How are the clients attracted to the business?
Word of mouth and reps on the road.
What Advertising/Marketing is carried out?
Linkedin ,facebook and e mails
Does the business have any contract work?
Yes
What competition exists?
Some around the trading area
What are the seasonal trends?
Busy al year
Is the business VAT Registered?
yes
What VAT documentation is on file?
Will be provide on request
Are there up-to-date Management Accounts available?
Financials ending 28 Feb 2020
What Balance Sheet and Income Statements are available?
Financials ending 28 Feb 2020
What percentage of the business is cash/credit?
Mostly EFT payments
Is Seller finance available and for what amount?
No
What is the total staff complement?
7 staff members
Give a breakdown of staff/ functions/ length of service?
2 reps
All other on contract basis
Do any receive special perks or incentives?
Only cell and petrol allowances for reps
Are they on contract?
yes
Do any have management potential?
No
How involved is the Owner in running the business?
Daily
When does the current lease end?
Rented, ending this yearend.
Is there an option of renewal & what period?
Yes for 3 years
What is the annual escalation %?
7% pj
What are the trading hours?
normal 8:00 to 7:00
What is the square meters of the business?
350 square meters
Is a copy of the lease available?
Yes on request
What lease deposit and/or other surety is required?
None
Are any items not included in the sale?
Sold lock stock and barrel
What is their overall condition?
Good Condition
How have they been valued ?
Owners valued
Which assets are on lease/HP and with whom?
All lease will be settled before hand
Strengths?
Well established business
The client base is blue-chip company's.
Weaknesses?
needs a BEE company
Opportunities?
A Marketing plan needs to be updated.
additional reps would grow business
Threats?
Mostly economical Treats.
What is the reason for the sale?
the seller wants to retire as he is at retirement age.
Why is this a good business?
A lot of opportunities for expansion in the market
What is the price plus stock and the profit?
Selling price is R3,500,000.00 including stock of R250 000
Profit R1,489,750.00 p.a
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