Summary
Perfect business for the entrepreneur who is technically inclined and service orientated , looking for an opportunity out of Gauteng . Diverse market , year on year growth , exclusive area
Give me more informationFully describe the business's activities?
The business also supplies swimming pool pumps and all other pumps
Repairs and servicing of equipment are done in-store, but they also offer limited call-out services
The business recently also added a generator (sales and repairs) to their portfolio
Installation and repairs of laundry machines at lodges in the area is also now offered
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Ordering and bookkeeping are kept up to date
Clients are offered expert advice to choose and acquire the correct equipment
The technicians are available for repair and installations
How are the clients attracted to the business?
What Advertising/Marketing is carried out?
Does the business have any contract work?
What competition exists?
This business is the sole appointed service center for all premium power tools in this area
What are the seasonal trends?
Describe the client base
The turnover is made up roughly 50% of sales of new equipment, and 50% in the sale of spares and labor on repairs
Describe the product range
Does the business hold the sole service agency for specific brands ?
Brands - Makita , Black n Decker , De Walt , Maktec , Stanley , Ryobi , Fatmax and Ingco
This offers the business a competitive advantage and foothold in the market.
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
( 2023 management accounts were used in the financial calculations )
What percentage of the business is cash/credit?
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Equipment hire as an additional service.
Installation and maintenance of laundry machines are a new service that was recently introduced.
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
2 x Admin staff
1 x assistant manager
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
When does the current lease end?
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
Saturdays 9h00 to 12h00
What is the square meters of the business?
Is a copy of the lease available?
What lease deposit and/or other surety is required?
What arrangements are in place for load shedding ?
What are the main assets of the business?
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
Strengths?
A good diverse range of products and services
The business is not heavily reliant on electricity - but can be powered by a generator or a simple inverter system
Weaknesses?
Opportunities?
Diversification options
This area is a growth point - higher disposable income
Good very good option for semigration - if you prefer the bush to the sea
Threats?
What is the reason for the sale?
Why is this a good business?
There is a solid client base - the sales and service team have great knowledge and expertise in the trade
A wide product range of premium brands are stocked
This specific business, in this specific area, will not be influenced by the general economic downturn
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