Fully describe the business's activities?
Providing the full spectrum of Business and IT solutions like Voice, Data, CCTV and Access Control, Copiers and IT. Clients are serviced on a national basis and enter into 60-months contracts with an annual escalation percentage. Great annuity income.
How long has the business been established?
The business was established in January 2018
How does the business operate on a daily basis?
Well equipped and trained sales team who brings in new business. Skilled technicians looking after clients. Technical manager is subcontracted.
How are the clients attracted to the business?
Sales reps sources new clients. Telemarketers secures appointments for sales team.
What Advertising/Marketing is carried out?
No online marketing is done. The business has a website that displays all information about the services rendered.
Does the business have any contract work?
Yes agreements are entered into for all services provided. Annuity income.
What competition exists?
Normal competition for this industry
Is the business VAT Registered?
Yes, the business is registered for VAT
What VAT documentation is on file?
All VAT documents is available upon request.
Are there up-to-date Management Accounts available?
Excellent records are kept providing a breakdown of all services
What Balance Sheet and Income Statements are available?
Financial Statements ending February 2020 is on file. Our report reflects the trading figures for the period ending Feb 2020.
What percentage of the business is cash/credit?
Give a breakdown of staff/ functions/ length of service?
2 x Telesales 2 x Sales 2 x Technicians Office Manager Reception Financial Manager (Owner's wife) Owner
Do any receive special perks or incentives?
Commission is paid to sales staff
Are they on contract?
Yes, all staff is on contract
Do any have management potential?
Office manager is very capable and oversees the daily activities. Technical Manager used to be employed by the company but is now working on a sub contract basis creating a saving to the company.
How involved is the Owner in running the business?
Owner is very involved.
When does the current lease end?
Lease ends April 2021
What is the annual escalation %?
What are the trading hours?
Monday to Thursday from 09:30 - 16:30 and Friday's until 15:00
Is a copy of the lease available?
Yes, a copy of the lease is on file.
What lease deposit and/or other surety is required?
What are the main assets of the business?
Mainly office furniture and two bakkies
What is their overall condition?
Do any require repairing?
No repairs required.
Which assets are on lease/HP and with whom?
The vehicles are 2 x Nissan NP200 Bakkies, 1 x Suzuki Swift. Settlement amount on the vehicles R130 000
Are they presently insured?
Yes insurance is in place.
Annuity income. Diverse range of product and services.
What is the reason for the sale?
Owner is aiming to immigrate to Portugal.
What is the price plus stock and the profit?
Selling price of R8 million includes R460 000 stock. Annual income to owner of R3 million
Annual Turnover Amount between R 500 thousand and R 6 million