Fully describe the business's activities?
Cater Hire Equipment - Supplier and rentals
How long has the business been established?
Business established in 1995 by the current owner.
How does the business operate on a daily basis?
The business is owner run and has a manager in place to assist with the every day running of the business. The owner oversee the financial side of the business and the manager controls the everyday orders, invoicing and staff. The manager is very well equipped and experienced to run the business effectively should the owners not be in the business.
How are the clients attracted to the business?
The business has been established for many years in the area - business is very well known and very well supported within the area and the community. The business holds a reputation of the highest of standards and service excellence.
What Advertising/Marketing is carried out?
The business has a website and do also have a following on social media - word of mouth and being established for 26 years has created a name for themselves as the preferred supplier of this service and product offering.
Does the business have any contract work?
This business has solid business relations with the big industries in the area with the likes of - Mondi, South 32 and RBCT
What competition exists?
The are 2 other operators in the area.
What are the seasonal trends?
The business has a constant trend through out the year, January and February tends to be the quitter months. December tends to have a spike.
How did the Covid-19 pandemic impact the business turnover / daily operations?
Being a supplier to the hospitality industry the business was effected during Covid, the business has however recovered very strongly and is back in business.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
The business expenses has been streamlined and some re structuring within the business has taken place.
Is the business VAT Registered?
What VAT documentation is on file?
All up to date - will be available to any serious enquiries on the business
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
Up to Date.
What percentage of the business is cash/credit?
15 % Cash & 85 % Electronic.
How could the profitability of the business be improved?
More direct marketing, placing a rep on the road to `call on new and existing clients.
What is the total staff complement?
Do any receive special perks or incentives?
Leave pay and bonusses.
Are they on contract?
Do any have management potential?
In place already
How involved is the Owner in running the business?
100 % involved.
When does the current lease end?
Year to Year Lease
Is there an option of renewal & what period?
Yes to be negotiated with the landlord.
What is the annual escalation %?
What are the trading hours?
Mondays to Fridays 7:00am to 16:30pm
What is the square meters of the business?
+- 400 sqm
Is a copy of the lease available?
What lease deposit and/or other surety is required?
One months rental.
What are the main assets of the business?
Marque tents, catering equipment, vehicles and a huge variety of cutlery and crockery and function decor.
Are any items not included in the sale?
All included as per assets register.
What is their overall condition?
Excellent condition, very well maintained and kept.
Do any require repairing?
All been maintained and in good working order.
How have they been valued ?
Current market replacement values.
Which assets are on lease/HP and with whom?
None all paid for cash.
Are they presently insured?
Yes, full comprehensive insurance in place.
Business has been established for the last 26 years - business is very well known and supported. Business has build up a very strong reputation of high standards and service excellence. Staff are well trained and all systems in place. Very well positioned and has been in the same spot for most of the business. Has solid business relations with most of the major industries in the area.
Mostly hospitality services and offering, owner run business
Business has huge scope for anyone who wants to take a very well established business to the next level.
Current economical climate and Covid restrictions
What is the reason for the sale?
Owners are of retirement stage and wants to relocated to Cape Town.
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