Fully describe the business's activities?
This business has been in existence for the last 20 years of which the existing owners have the business now for almost 3 years and the previous owner had the business for 18 years This business is known throughout SA and was even featured on SABC as part of a series about natural health food This business has had some loyal clients for all the years and being supported by private clients/retailers/wholesalers that acknowledges the excellent standard and freshness of the organic products The range of products are continuously being expanded as more products are requested by the clients The existing crisis regarding the Corona virus has unexpectantly created a need amongst persons to be more health conscious and live a healthy lifestyle and hence new clients throughout SA are ordering some stock during the lockdown The whole business is online and the website/branding/order system has been redone and the consumer friendly website moved to an international website builder/web supporter Online businesses have also boomed during the lockdown period and will continue to grow as the lifestyle of people have moved to a âânewââ normal- ie doing social distance business Besides supplying clients in SA, there is some international clients that order stock annually The business is run from home and there is no need to rent a business premises
How long has the business been established?
How long has the owner had the business?
Give a breakdown between sit-down, takeaways and deliveries
Online business with deliveries only
How does the business operate on a daily basis?
How are the clients attracted to the business?
The business is well known and has been around for twenty years
What Advertising/Marketing is carried out?
The marketing/advertising is done via website/facebook/google/twitter/linkedn
How did the Covid-19 pandemic impact the business turnover / daily operations?
The existing crisis regarding Covid-19 has unexpectantly created a need amongst persons to be more health-conscious and live a healthy lifestyle and hence new clients throughout SA are ordering stock during the lockdown The whole business is online and the website/branding/order system has been redone and the consumer-friendly website moved to an international website builder/web supporter Online businesses have also boomed during the lockdown period and will continue to grow as the lifestyle of people have moved to a ânewâ normal, i.e. doing social distance business
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
As required by regulations
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
Online business all payments EFT and Card
What is the age analysis of the debtors book?
The debtors are mostly COD, 1 client is on 7 days and 1 wholesaler is on 30 days - They have had no problems to date with any debtors. On the Creditors - all creditors/stock must be purchased cash so there are no outstanding amounts
How could the profitability of the business be improved?
Although a seller can always speculate on the possibility of expanding a business, this business without a doubt has the potential to expand immediately by just approaching existing health stores in SA and supplying them and marketing the business via other social media platforms Besides above, if a buyer has capital available, some products can be imported directly from overseas suppliers instead of buying in SA from importers New products can be added to the product range including combining certain organic products into a new product When the existing owners bought the business, the concept was to supply organic products without any additives/preservatives/non organic substances This concept was kept and continued with as the clients that support the business, believe in a healthy lifestyle and prefer natural products
What is the total staff complement?
Owner and partner (doing minor work)
When does the current lease end?
Run from home business, no premises required
What are the main assets of the business?
Various assets as per the asset register
How have they been valued ?
What is the reason for the sale?
The owner due to health reasons cannot continue to run the business and need to sell, the seller will be able to assist a buyer in taking over the business and giving full training and support
Why is this a good business?
Well establish and know with a solid client base, a recently revamped Website with the business being fully online
Annual Turnover Amount between R 500 thousand and R 6 million