Fully describe the business's activities?
This business specialises in Deck Building and other woodwork projects predominately in private homes Property maintenance & Building Renovation work
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Quotes are completed for a client and once accepted a 70% deposit is required before commencement.
How are the clients attracted to the business?
Word of mouth
Does the business have any contract work?
No but have regular clients that require work done.
What competition exists?
There is competition, but this business has their own client base.
What are the seasonal trends?
Busy through the year especially in summer
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
No, but Owner has records of turnover and completed work etc....however, the Buyer will need to complete their own Due Diligence.
What percentage of the business is cash/credit?
EFT or Cash only
How could the profitability of the business be improved?
If the Owner decided tro advertise they could certainly increase their work load.
What is the total staff complement?
Owner plus two temps
How involved is the Owner in running the business?
The Owner is personally involved in all work undertaken.
What are the trading hours?
8am to 5pm Monday to Friday
What is the square meters of the business?
Just a single garage is required to store the tools etc
Do you require a licence?
What are the main assets of the business?
Table saw, planes, extractor fan, cut-off saw and many cordless hand tools.
What is their overall condition?
Very good condition, some are new
Do any require repairing?
How have they been valued ?
Owners second hand estimate
Which assets are on lease/HP and with whom?
What are their settlement amounts?
All assets will be fully paid up at time of sale.
Are they presently insured?
The business has proven potential, and a Buyer will have the equipment and training as well as an existing customer base Ideal work from home based business with very limited storage space required.
The business would benefit from a marketing drive, but current Owner not interested in increasing the workload at this stage.
The business has growth potential as it has not been well marketed or promoted There are many additional home improvement services that can be offered.
There are no known threats.
What is the reason for the sale?
The Owner is looking to relocate and possibly emigrate as they have a young family.
Why is this a good business?
The good thing about the business is that it already has an existing customer base who are generating a substantial profit for the current Owners requirements.
What is the price plus stock and the profit?
The Selling price is R360,000, and stock is in the region of R5,000 at any given time. Average monthly profit is around R27K+ per month for the past 12 months
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Annual Turnover Amount between R 500 thousand and R 6 million