Fully describe the business's activities?
Sale of windows and doors for the building industry. Fitting and servicing of aluminium windows and doors. Fitting and automation of garage doors.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
The business has a retail outlet in the CBD. Teams install and service windows and doors.
How are the clients attracted to the business?
Web/word of mouth/ passing traffic
What Advertising/Marketing is carried out?
Does the business have any contract work?
What competition exists?
There are other businesses in the same field
What are the seasonal trends?
Low in first quarter of year and high in the last quarter
Is the business VAT Registered?
What VAT documentation is on file?
All VAT documentation is on file and available to qualified buyers
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
Annual financial statements (AFS) for year ended February 2021. The figures in the financial report have been extracted from the AFS and adjusted for Owner's drawings and non cash expenses
What percentage of the business is cash/credit?
About 75% cash/credit card
How could the profitability of the business be improved?
Better advertising. Manufacture of aluminium windows and doors in house.
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
x3 office staff x4 fitters x1 bookkeeper x1 cleaner x3 workshop
Do any receive special perks or incentives?
Are they on contract?
Letters of appointment
Do any have management potential?
How involved is the Owner in running the business?
The Owner has to split his time between this business and another business interest.
When does the current lease end?
31 December 2024
Is there an option of renewal & what period?
Yes - 3 years
What is the annual escalation %?
What are the trading hours?
Mondays to Fridays 08h00 - 16h30 Saturdays 08h30 - 11h30
What is the square meters of the business?
652 Sq Mt
Is a copy of the lease available?
Do you require a licence?
What are the main assets of the business?
Vehicles, computer equipment and workshop tools
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
How have they been valued ?
By the Owner
Which assets are on lease/HP and with whom?
Are they presently insured?
Excellent reputation. Long established business. Loyal clientele. Long serving skilled staff.
Not enough advertising
In house manufacturing of aluminium doors and windows
New entrants in the market
What is the reason for the sale?
The Owner has another business interest that requires more commitment from him.
Why is this a good business?
A well established profitable business with some niche products.
What is the price plus stock and the profit?
Price R132,220 + stock R417,780 = total price R550,000.
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