Fully describe the business's activities?
The business places Vending Machines at various restaurants, including Dros. the Vending machines are game vending machines as well as a few pool tables. The owner attends at the machines at the end of the month to fill them up, and sometimes in the middle of the month but only where necessary. The business has 44 machines in total of which only 8 are not placed at a location.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Vending machines collect income at their respective places of operation. The owner is only involved in the business two to five days a month, tending to any queries and making sure all is in order.
How are the clients attracted to the business?
Kids are mainly attracted to the kids play areas where the machines are available for use.
What Advertising/Marketing is carried out?
The owner markets on Facebook
Does the business have any contract work?
No, the placements of the machine are done per a verbal agreement. The business owns the machines and they are removed from the host premises if any problems should arise. The owner has however expressed that he has various machines placed since the commencement of the business and has very good relationships with the hosts.
What competition exists?
What are the seasonal trends?
School holidays are very busy
How did the Covid-19 pandemic impact the business turnover / daily operations?
Due to restaurants that have been closed no income had been generated during the lockdowns. the business is however back in operation and expect to do well for the remainder of the year.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
We sanitise the machines daily.
Is the business VAT Registered?
What percentage of the business is cash/credit?
How could the profitability of the business be improved?
Allocate all available machines to locations and acquire more machines
Is Seller finance available and for what amount?
What is the total staff complement?
Owner only business
How involved is the Owner in running the business?
100% but it is a business that requires little involvement by the owner
What are the main assets of the business?
What is their overall condition?
Do any require repairing?
One or two machines
How have they been valued ?
Second hand values
Which assets are on lease/HP and with whom?
Are they presently insured?
Very profitable business. Not labour intensive at all
The business depends on the restaurants where the machines are placed.
The business has, and allows for, a lot of room for expansion.
What is the reason for the sale?
Owner moving to Nelspruit to join family farming business
Why is this a good business?
It is not labour intensive. Everything is cash. The profits are high.
What is the price plus stock and the profit?
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Annual Turnover Amount between R 500 thousand and R 6 million