Sectors / Category

Annual turnover

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  • Mandate: 26616
  • Added: 12 Mar 2019
  • AFS
  • 1403

Transport Company with 22 Vehicles and Contracts with R11m of assets and nets almost R600k pm

Gauteng, Johannesburg
1403
Mandate 26616
Added 12 Mar 2019
R 17,000,000* ZAR
Stock: R 0
Assets: R 11,593,823
R 571,090 ZAR
Steve Boardman
(PRINCIPAL)
Aldes Central
Gauteng
Summary

The business operates as a transport company anywhere in the country specialising in 8 ton loads, speciality and break bulk, they have contracts with two of the countries major banks and are preferred suppliers for a number of other large corporations. Price includes all vehicles fully paid and valued at a minimum of R11.5 million

Transport Company with 22 Vehicles and Contracts with R11m of assets and nets almost R600k pm
SELLING PRICE AFS
R 17,000,000* ZAR
Stock: R0
Assets: R11,593,823
R 571,090 ZAR
Summary

The business operates as a transport company anywhere in the country specialising in 8 ton loads, speciality and break bulk, they have contracts with two of the countries major banks and are preferred suppliers for a number of other large corporations. Price includes all vehicles fully paid and valued at a minimum of R11.5 million

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Fully describe the business's activities?
The business operates as a transport company anywhere in the country specialising in 8 ton loads, speciality and break bulk, they have contracts with two of the countries major banks and are preferred suppliers for a number of other large corporations. They have 22 vehicles in total

How long has the business been established?
Since 1999

How long has the owner had the business?
Since inception

How does the business operate on a daily basis?
There is a manager in place in Johannesburg who can run the business although the owner is fully involved

How are the clients attracted to the business?
Word of mouth and reputation for service

What Advertising/Marketing is carried out?
None

Does the business have any contract work?
Yes, they have contracts with two major banks and are preferred suppliers to a number of large corporations

What competition exists?
There are a lot of transport companies

What are the seasonal trends?
Busier towards year end

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Can be obtained

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

What Balance Sheet and Income Statements are available?
To Feb 2018, management accounts to Feb 2019 The business is being sold on the EBITDA and members remuneration basis, the sellers will collect debtors, pay all creditors, including any vehicles with outstanding balances. The sellers are prepared to sell 80% now and the balance in two years

What percentage of the business is cash/credit?
Mostly credit accounts

What is the age analysis of the debtors book?
30-60 days

How could the profitability of the business be improved?
The owner says turnover could be increased by approximately R1million per month without increasing vehicles, only drivers

Is Seller finance available and for what amount?
No

What is the total staff complement?
23

Give a breakdown of staff/ functions/ length of service?
23 staff plus 3 members

Do any receive special perks or incentives?
As per bargaining council

Are they on contract?
Yes

Do any have management potential?
Manager in place in Jhbg Owners brother is in Capetown

How involved is the Owner in running the business?
Fully involved but the manager is quite capable in his absence

What is the annual escalation %?
10% to be confirmed

What are the trading hours?
Office 7.30-5

What is the square meters of the business?
1200 square metres including offices

Is a copy of the lease available?
Yes

Do you require a licence?
Transport Licences

What lease deposit and/or other surety is required?
1 month and surety

What are the main assets of the business?
Mostly fully paid up vhicles

Are any items not included in the sale?
No, only the owners personal vehicle

What is their overall condition?
Excellent

Do any require repairing?
Normal maintenance

How have they been valued ?
Owners valuation and agents

What are their settlement amounts?
The seller will settle all amounts outstanding

Will Seller settle or Buyer to take over?
The seller has said he will settle all amounts outstanding,

Are copies of agreements available?
Yes

Are they presently insured?
Yes

Is a full asset list on file?
Yes for the vehicles

Strengths?
Long established with excellent clients and enviable service record, vehicles are properly maintained by the agents, mostly Isuzu

Weaknesses?
None Known

Opportunities?
Opportunity to grow this business by employing a rep to canvass for new clients

Threats?
The economy

What is the reason for the sale?
Main shareholder wants to retire and travel

What is the price plus stock and the net profit?
This business has EBITDA earnings of almost R600 000 per month with assets in excellent condition of over R11.5 million selling for R17million

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FRANCHISE DETAILS

Aldes Central

1 members
9 active mandates
Gauteng
Nillsord Avenue
2026

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