Fully describe the business's activities?
This business manufactures and supply personally branded head gear, beanies, scarves, caps and other accessories.
How long has the business been established?
Established in 1979 out of a Garage.
How long has the owner had the business?
How does the business operate on a daily basis?
Owner manage. Open and close daily by the owner.
How are the clients attracted to the business?
They have a website, but have an established client base from 1979. The quality of their manufactured products and word of mouth attract buyers
What Advertising/Marketing is carried out?
Mainly website and word of mouth
What are the seasonal trends?
None we cab perceive
How did the Covid-19 pandemic impact the business turnover / daily operations?
They were closed for 1 month. Sale have drop as they trade client base is in the Tourism industry. But they are expanding into the retail markets
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
They are expanding into retail market
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
We have a income and expenses statement from Sept 2019 til Des 2020
What percentage of the business is cash/credit?
Mostly Eft and card transactions.
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Retail market could improve sales and profitability
What is the total staff complement?
The total staff complement is 4
Give a breakdown of staff/ functions/ length of service?
2 x seamstresses 2 x General workers
Are they on contract?
Al contracted according to labour laws
How involved is the Owner in running the business?
Daily. open and closes.
When does the current lease end?
Rented on a monthly bases.
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
8hoo to 17hoo
What is the square meters of the business?
100 square meters
What are the main assets of the business?
Stock and Machinery for this type of industry Stock holding is around R28 000 Assets owner valued R177 000
What is their overall condition?
Do any require repairing?
Are they presently insured?
This manufacturers is well established. Have a very good client base. Low rent and a small employee base Delivers high quality products
Expansion into retail markets will grow and increase profits
None we can perceive
What is the reason for the sale?
The seller wants to Immigrate
Why is this a good business?
This Business have a low rental expense and small staff complement. Show a good profit and established client base.
What is the price plus stock and the profit?
Stock R28000 Profit R39825 pm Assets R177 000
Annual Turnover Amount between R 500 thousand and R 6 million