MARINA BUSINESS FINANCIAL QUESTIONNAIRE

www.nationalgolfandmarina.com 6400 N. Northwest Highway, Chicago IL, 60631

MARINA BUSINESS & FINANCIAL QUESTIONNAIRE

Date: Legal Business Name: Company Name:

Address: City/State/Zip:

Business Phone: Fax/e-fax:

Owner Contact: Mobile:

Home Address: City/State/Zip:

Business Hours: M-F Saturday

Saturday

Sunday

Owner Hours: M-F Sunday

What is the exact product/service of your business:

Sole Proprietor ___ Partnership ___ LLC ___ Corporation ___ Years under current Ownership?

If Partnership, name all Partners. If Corporation, list President, Secretary & Treasurer:

Exact Date You Acquired Business: Exact Date Business was Established:

Who is aware of the sale of business? (Yes or No) Employees ___ Suppliers ___ Customers ___

MARKETING

Describe your market territory?

Rate the importance of your business location: Important ___ Somewhat Important ___ Not Important ___

How do you advertise? Radio ___ TV ___ Yellow Pages ___ Mailers ___ Word of Mouth ___ Other ___

What type of customers do you have? Consumers ___ Business ___ Professional ___ Other?

How many regulars do you have? Is your business seasonal?

What is the busiest times of year and why:

How many customers would it take to make up 25% of your business? Contracts with customers?

EMPLOYEES

Number of Full-Time employees? Part-Time?

What kind of insurance is carried on personnel?

www.nationalgolfandmarina.com 6400 N. Northwest Highway, Chicago IL, 60631

GENERAL INFORMATION

Owner duties:

What training period would be provided to a new owner? Over what period?

How long and for what area would you give a covenant not to compete?

Suitable for absentee? Yes ___ No ___ Can a new owner retain the name & phone number of business?

Name of your attorneys: Phone number

Name of your accountant: Phone number

What would an absentee owner need to pay a manager, including benefits, to run the business profitably?

Is total value of your business known? If yes, how much? $

What license(s) are required for your business?

Are following items current? Taxes ___ Income ___ Withholding ___ Sales ___ Rent ___ Licenses ___

Have you taken any form of bankruptcy? Yes ___ No ___ If yes, when and what type?

Litigation? Working Capital required? Low High

Assets excluded:

What are your plans after business is sold?

BOOKS AND RECORDS

What basis is your accounting on? Cash ___ Accrual ___ (Accrual as expenses incurred & income earned for given period, although

such expenses & income may not have been actually paid or received in cash)

What debts must be paid off when your business is sold?

Do you sell to anyone on terms, ie., do you have accounts receivable? If yes, what are the terms?

What is the average balance of your A/R? Average age of A/R?

Any unassumable loans or equipment leases? Yes ___ No ___ If yes, list total number of payment remaining, total balance due and monthly payments currently due on each assumption. Do not list real estate property leases

Total $ Monthly Payments $ # Payments Description

Total $ Monthly Payments $ # Payments Description

What is current market value of any included vehicles in the sale? $ How many?

Are there any liens or judgments against the assets of the business? Yes ___ No ___

What percentage of your revenues are: Cash % Checks % Credit Cards % A/R %

What do you feel is current estimated market value of the following assets: Inventory (at cost) $

Leasehold improvements $ Owned equipment $ Leased equipment $

www.nationalgolfandmarina.com 6400 N. Northwest Highway, Chicago IL, 60631

INVENTORY

Average inventory? $ What percent is dead % Percent of “dated” inventory %

Any items on consignment? Yes ____ No ____ Is Inventory Seasonal? Yes ___ No ___

Any inventory financed under a floor plan? If yes, how much? Transferable? Yes ___ No ___

How do your gross profit margins compare to industry standards? Above average ___ Average ___ Below average ___

On what terms do you buy inventory? Any vendor agreements or contracts? Yes ___ No ___

How often during the year is inventory purchased? How often do you turn your inventory?

How do you price your product, i.e, if you purchase an item for $1.00, what would be the selling price?

How does your inventory mix compare with that of your competitors?

What are your high profit items? What is the margin?

LEASE INFORMATION

Monthly Rent $ Security Deposit $ Expiration Date Taxes $

Sq. Footage % of Sales % CAM $ Extras $

Periodic increases? When do they occur?

Utilities $ Security $ Merchant’s Assoc. Fee $ Other $

Name of Landlord Phone number

Renewal Options? Okay to contact Landlord?

Can lease be assigned? Is there a transfer Fee? Landlord aware of sale?

Any repairs that need to be made? If Yes, describe

Estimated cost $

What kind of insurance do you carry on your facilities?

Please provide the following additional financial and marketing information:

Marketing materials (pictures, catalog, menu, advertising, product samples, price lists, etc)

Total Gross Sales 3 years ago $ 2 years ago $

Last year $ Jan thru This year $