How does the business operate on a daily basis?
With an enquiry, a quote is issued and a accepted inspection is scheduled.
Once onsite, commence with the set-up of the inspection area and isolate the equipment ready for inspection.
Inspection equipment is on a bakkie and the assistant and owner carry out the inspection.
Equipment is re-instated once test is successfully completed and recommissioned.
Official inspection report is issued, client details and equipment status updated in business records.

How are the clients attracted to the business?
It is a legal requirement for every piece of pressurized equipment to be inspected and tested, regulatory requirement.
Cold calling for new business and servicing of existing clients (, i.e. new warehouse house, fuel stations and sawmills).
Most of the clients are based in the Lowveld area.

What Advertising/Marketing is carried out?
Networking in the repair and maintenance organisations within the pressure vessel industry.
Word of mouth advertising and continued service of existing clients are the main actions carried out.

Does the business have any contract work?
No signed contract work, but several working arrangements with local industry players which will be continued with the new owner.

What competition exists?
One local competitor which mainly serves a different segment of the local market.

What are the seasonal trends?
The Christmas period is busy due to annual shutdowns of sawmills and packhouses. Off crop season with Sugar mills and juice factories is a factor but generally work is not ever "too much and then nothing".

Is the business VAT Registered?
Yes

What VAT documentation is on file?
VAT number and returns every second month

Are there up-to-date Management Accounts available?
Yes, for qualified buyers.

What Balance Sheet and Income Statements are available?
Last three years statements are available, awaiting 2024.

What percentage of the business is cash/credit?
Almost all transactions are concluded via EFT, very little cash .

What is the age analysis of the debtors book?
Money is collected at time of reporting or 30 days from bigger clients.
No outstanding debtors.

How could the profitability of the business be improved?
Improvement of admin whereby clients are followed up and quotes issued.
Addition of another assistant and LCV. The assistant could help with preparation work prior to the official inspection by the owner.

Is Seller finance available and for what amount?
No seller finance available, but seller could be open to reasonable proposals.

What is the total staff complement?
One assistant and the owner.

Give a breakdown of staff/ functions/ length of service?
The assistant and owner perform all the inspections together.
Owners wife assist with the admin and financial management.

Do any receive special perks or incentives?
Christmas bonus, living out allowance when working out of town, normal overtime as per the law.

Are they on contract?
Normal employment contract.

Do any have management potential?
Experienced assistant with customer knowledge and drivers license.
Owner needs to be certified by law in order to perform the inspections. ( important )

How involved is the Owner in running the business?
Fully involved at all levels. At inspection, quoting reporting collecting money.

When does the current lease end?
Work from home opportunity, all testing equipment and work carried out using a light commercial vehicle.
Some storage space required (half of a single garage).

What are the trading hours?
7h00 to 17h00 for normal operations.
Weekend work is sometimes required due to client demands.
This is factored into the quote (i.e. overtime payment required).

Do you require a licence?
You must be a qualified pressure vessel inspector and be accredited with SANAS and Dept. of Employment and Labour.
Owner is prepared to assist during the certification process of the buyer.
Reasonable proposals, requirements and handover could be supported by the owner.

What are the main assets of the business?
Intellectual Property (IP) compliant with PER, SANAS accredited and Inspection equipment.

Are any items not included in the sale?
Laptop is not included however all info will be handed over.
''Bakkie'' not included but any standard long-wheel base or extra cab LCV is adequate.
4x4 is not required.

What is their overall condition?
Inspection equipment and small hand tools.
Audited every year by SANAS, all testing equipment calibrated and in working order.

Do any require repairing?
No, normal ongoing maintenance required.

How have they been valued ?
Second hand value, by owner.

Are they presently insured?
Comprehensively insured.

Strengths?
Regulatory requirement, established client book, profitable business.
Low overheads and work from home, work time largely determined by owner.
Inspection work is not complicated or technically difficult.

Weaknesses?
One certified inspector, owner is the key person for this business.
Relative difficult entry to certification.

Opportunities?
Expansion by adding another assistant and LCV.

Threats?
Only one certified/qualified inspector in this business model and local competitor.

What is the reason for the sale?
Owner wishes to retire.

Why is this a good business?
Inspection work is valued as it is a statutory requirement of the Dept of Employment and Labour, a captured market to an extent.
Established and loyal client book.
Inspection work is not overly complicated, owner can mostly determine the work schedule/time.
Excellent opportunity for the corporate individual already qualified looking to own a specialist business.