Fully describe the business's activities?
Recruitment of Technical, Engineering and Senior Management Staff for large corporate, commercial/ industrial companies. Companies in the small/medium and large commercial enterprises. Other Staff positions are also recruited for, as for many years there has been a very good relationship between this recruitment company and with various commercial and corporate companies
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
This placement company sources qualified potential staff for existing and also new clients, Placements into the client base takes place once all the documentation and interviews have been finalized. A full recruitment service is offered to the client base. New clients are sourced and included on the ever growing database.
How are the clients attracted to the business?
Website is active and social media, such as Facebook, Linkedin etc. Referrals from existing clients also generates new opportunities.
What Advertising/Marketing is carried out?
Social Media is utilized extensively. Pnet, Facebook, Linkedin, website are all utilized.
Does the business have any contract work?
There are two "preferred Supplier " contracts in place
What competition exists?
There are other service providers which creates a competitive industry. Quality service is a key element in the sustaining of established corporates. This company is highly recommended.
What are the seasonal trends?
December and January are the quietest months as most industries close down for annual leave purposes.
How did the Covid-19 pandemic impact the business turnover / daily operations?
The lockdown had a dramatic impact on the business as shut downs and staff job losses affected the recruitment business . There has been a "last quarter" increase in activity. There are signs that 2021 will be a far better year that 2020, and will show excellent growth.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
The existing database of clients were contacted regularly and due to the strong relationships that exists with these clients some placements were made and business took place. There will be an escalation of requirements as soon as we get past the Covid pandemic
Is the business VAT Registered?
What VAT documentation is on file?
Every year's returns are on file for due diligence purposes.
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
February 2020 Management accounts can be taken off the accounting system and made available to potential buyers when they reach the due diligence stage.
What percentage of the business is cash/credit?
All transactions are on an invoice basis, with a 14 day settlement parameter.
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Build new clients by cold calling and establish a business relationship with these clients. On going contact with existing clients is of paramount importance.
Is Seller finance available and for what amount?
What is the total staff complement?
There is no staff
Give a breakdown of staff/ functions/ length of service?
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
The owner is very hands on and is the only salary drawer.
Any special arrangements for the staff related to the Covid-19 pandemic?
When does the current lease end?
This is a work from home business, and the current owner has a separate office on her property.
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
0800 to 1630 hrs. Monday to Friday
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
What are the main assets of the business?
The current database and many CV's of potential placements for 2021. Computer, server, business templates, switchboard and office furniture Replacement value can be assessed by the insurance company at due diligence stage.
Are any items not included in the sale?
Personal equipment such as a Bar Fridge, and one of the desks/chairs work station. The reception area furniture (couches and round table with chairs) is excluded from the asset list
What is their overall condition?
Do any require repairing?
How have they been valued ?
Insurance company replacement values
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
Not as a separate office, but the assets are included in the household insurance.
Long standing database of commercial and industrial clients. Quality service for over 20 years has created sound business relationships which augurs well for the new owner to continue with.
None perceived as long as the new owner adopts the established modus operandi practice,
The building up of new clients should be a major goal for the new owner to embark on. 2021 should be an ideal opportunity to take this business to the next level.
What is the reason for the sale?
The owner wishes to retire and to travel with her husband who has already retired
Why is this a good business?
20 years of excellent and profitable results makes this business a very good investment.
What is the price plus stock and the profit?
The business is priced at R550000 and despite the pandemic is still making good annual profits.
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