Fully describe the business's activities?
Recruitment and talent sourcing.
How long has the business been established?
The business is established in 2013.
How long has the owner had the business?
The owner has the business from then.
How does the business operate on a daily basis?
Acquiring job specifically and full fulling them to ensure the best fit.
How are the clients attracted to the business?
Our track record.
What Advertising/Marketing is carried out?
Active business development and we are on all the required platforms.
Does the business have any contract work?
Yes, our clients may require temporary placements.
What competition exists?
There's always competition.... it's healthy.
What are the seasonal trends?
We have seen a rise in certain sectors. Mostly clients adapting to the new norm.
How did the Covid-19 pandemic impact the business turnover / daily operations?
We needed to move swiftly in order to ensure the health and well- being of our staff. The Tourism and Hospitality was cut short immediately. We manage to secure and grow bulk recruitment.
Is the business VAT Registered?
Yes, the business is VAT Registered.
What VAT documentation is on file?
All that documentation is on file.
Are there up-to-date Management Accounts available?
Yes, the documentation is on file to 28/02/2021.
What Balance Sheet and Income Statements are available?
The Balance Sheet and Income Statements till 29/02/2020 is on file.
What is the age analysis of the debtors book?
The current age analysis is on the book.
How could the profitability of the business be improved?
We are always looking towards business development.
What is the total staff complement?
1 + 5 are the total staff complement.
Do any receive special perks or incentives?
Medical Aid contribution.
Are they on contract?
2x on contract.
Do any have management potential?
Yes, it is a small team and we have seen dedication.
How involved is the Owner in running the business?
Any special arrangements for the staff related to the Covid-19 pandemic?
We are compliant.
When does the current lease end?
The end of May 2021.
Is there an option of renewal & what period?
They have a open option to renew.
What is the annual escalation %?
We pay per person.
What are the trading hours?
What is the square meters of the business?
What lease deposit and/or other surety is required?
One months rental.
What are the main assets of the business?
We are service providers and not in need of major equipment.
What is their overall condition?
The overall condition is fair.
Are they presently insured?
Yes, they are insured.
- Personnel is important. - Personal interaction is crucial.
- No personal interaction, no business.
- To expand on personal experiences.
Covid-19 - possible further state of disaster lock down measures.
What is the reason for the sale?
The reason for sale to expand on personal experience.
Why is this a good business?
The price is a good price!
What is the price plus stock and the profit?
The price is R1,571,891.
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