Fully describe the business's activities?
This is a Franchised office support business that offers a broad variety of services to the public and surrounding businesses.
How long has the business been established?
Established in 2018
How long has the owner had the business?
The owner started the business in 2018
How does the business operate on a daily basis?
The current owner open and closes the business. Manage all aspects of the business. Real easy to run type of business.
How are the clients attracted to the business?
Franchised, well known and based in a very good area in Pretoria East
What Advertising/Marketing is carried out?
Mostly word of mouth and Franchised branded marketing.
Does the business have any contract work?
NO, but potential for contract work is good with schools and other businesses in the area.
What competition exists?
None we know off
What are the seasonal trends?
No, we can perceive.
How did the Covid-19 pandemic impact the business turnover / daily operations?
They where only closed for a month. Covid-19 has no impacted on this type of business.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
They just follow the rules set out by law
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
Income and expenses account ending Feb 2020 is on file
What percentage of the business is cash/credit?
90% card payments.
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
More local store marketing Social media.
What is the total staff complement?
Currently 1, but 2 is ideal
Give a breakdown of staff/ functions/ length of service?
All office support functions, like copying, courier, etc.
Are they on contract?
Yes, set out by law.
How involved is the Owner in running the business?
When does the current lease end?
Is there an option of renewal & what period?
Yes for 3 years
What is the annual escalation %?
What are the trading hours?
Monday to Friday From 9h00 to 18h00 Weekends from 9h00 to 14h00
What is the square meters of the business?
45 Square meter
Is a copy of the lease available?
Yes on Request
Do you require a licence?
Only business licences
What are the main assets of the business?
Office related equipment worth R200 000 Asset list is on file
What is their overall condition?
Do any require repairing?
Are they presently insured?
Well established franchised brand Based in a very good trading area Services shows a growing need.
Good local store Marketing plan needs to be put in place
Their is a lot of businesses and school in the area that needs to be tapped into
No, we can perceive.
What is the reason for the sale?
Owner's wife was appointed as a Military attached in London Uk. They must relocate to London
Why is this a good business?
Shows good profit and good increase of turn over Will established with a royalty structure of 3% Joining fee R65 000.00
What is the price plus stock and the profit?
Stock included in the price Asset valued for R200 000
Annual Turnover Amount between R 500 thousand and R 6 million