How does the business operate on a daily basis?
Glass module implementation to service providers
Manufacturing on order, delivery and training

How are the clients attracted to the business?
www.mgbbox.com
Clients see the glass module as an extra revenue service they can render to their current clientele
Product drives additional revenue through their stores.

What Advertising/Marketing is carried out?
Presentations to well-known Motor industry franchises > there after we do a roll-out and store implementation plan with the management teams of these Franchises
Current rollouts
-Point-S tyres (www.point-s.co.za) 110 branches
-Best Drive tyre group (www.bestdrive.co.za) 100 branches
-Battery HQ 20 stores
-Shield carwash group 21 stores
-Bosh workshops 120 stores
-First battery centres 110 stores
-Glasfit Centres > windscreen kit supplier to Glasfit Group 130 stores
Pending rollouts (in negotiation)
Car Service City stores (69), Car care clinic stores (39),

Does the business have any contract work?
Point-S > sole Windscreen kit service provider > R13500
Best Drive > SLA (franchise finance assist plan) > R13500

What competition exists?
None, we are the only company currently offering Glass module add-on initiative

What are the seasonal trends?
Sales cycle performs more efficient between May to November

Is the business VAT Registered?
No

What VAT documentation is on file?
N/A

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
N/A

What percentage of the business is cash/credit?
60% Cash /40% Credit

What is the age analysis of the debtors book?
R30 000

How could the profitability of the business be improved?
Speed of rollout

Is Seller finance available and for what amount?
TBA

What is the total staff complement?
1

Give a breakdown of staff/ functions/ length of service?
Sale & Training

How involved is the Owner in running the business?
2 hours per day

When does the current lease end?
N/A > No lease

Is there an option of renewal & what period?
N/A

What is the annual escalation %?
N/A

What are the trading hours?
8-4 home based

What is the square meters of the business?
N/a

Is a copy of the lease available?
N/a

What are the main assets of the business?
Market Goodwill

Strengths?
Market leader and only supplier in the windscreen chip glass module add-on service and training
High profit margin due to this / non-competitive advantage

Weaknesses?
Rollout staff capacity

Opportunities?
To further engage with the 1300 potential stores on our database
10-year rollout plan

Threats?
currently unknown > Noncompetitive advantage

What is the reason for the sale?
Founder runs business.
Got other business interests and don't have time to focus on this business's potential (Currently only spending on average 3 hours per week to service current business requirements)

Why is this a good business?
High profit margin vs. Cost
No Fixed overhead - only 1 wage
Market advantage
Large Market (10 000 +)
Recurring business