Fully describe the business's activities?
The business specializes in granite, engineering stone as well as manufacturing of table tops and the installation thereof.
How long has the business been established?
The business was established 15 years ago.
How long has the owner had the business?
The owner started the business and has the business for 15 years.
How does the business operate on a daily basis?
The business has built a fixed client base over the years and also walk in clients that contribute to the business success. The business also does business with contractors and joiners.
How are the clients attracted to the business?
The business is well known in the market with a reputable name who are known for their quality fittings.
What Advertising/Marketing is carried out?
Minimum advertising as their main advertising up to now has been through word of mouth.
Does the business have any contract work?
The business has no contract work and currently does no Government contracts.
What competition exists?
Currently there are 2 competitors in the market but they focus only on table tops.
What are the seasonal trends?
No real seasonal trends but January tends to be a slower month due to holidays.
Is the business VAT Registered?
Yes the business is registered for VAT.
What VAT documentation is on file?
All VAT documents are available for due diligence
Are there up-to-date Management Accounts available?
Yes every month up to date management accounts are available.
What Balance Sheet and Income Statements are available?
The balance sheet and income statement for the year and monthly is available.
What percentage of the business is cash/credit?
Roughly 70 percent of the business is cash and 30 percent credit.
What is the age analysis of the debtors book?
The aging of the debtors book is 30 days.
How could the profitability of the business be improved?
Advertising of the business will definitely have a positive impact on the business's profitability. Contract work with Government can also increase profitability but due to the current cash flow situation of the Government the current owner did not venture into that possibility.
Is Seller finance available and for what amount?
Yes - seller financing can be considered and can be discussed with potential purchasers. It will however depend on the security given.
What is the total staff complement?
The staff compliment of the business consists of 11 staff members.
Give a breakdown of staff/ functions/ length of service?
1 Warehouse manager - 1 and a half years 1 Cutter - 7 years 2 Polishers - 5 years and 1/2 a year 1 Cleaner / polisher - 1 year Owner, bookkeeper and admin 3 Site installers - 6 years, 5 years and 5 years 1 Cleaner - 1/2 a year
Do any receive special perks or incentives?
Normally the staff receive a 13th cheque, however this depends on the yearly sales of the business and the staff's performance for the year
Are they on contract?
All the staff are on contract
Do any have management potential?
Yes, two of the employees have management potential.
How involved is the Owner in running the business?
The owner is involved daily in the business.
When does the current lease end?
The owner of the business also owns the property. The current lease is for 5 years.
Is there an option of renewal & what period?
Yes for a further 5 years.
What is the annual escalation %?
The annual escalation is 8 percent.
What are the trading hours?
The trading hours are Monday to Friday from 7am to 4 pm.
What is the square meters of the business?
The square meter of the premises is 623 square meter.
Is a copy of the lease available?
Yes a copy of the lease is available.
Do you require a licence?
No specific licences are required except for the Municipal fitness certificate.
What lease deposit and/or other surety is required?
One month rental will be used as deposit.
What are the main assets of the business?
The assets of the company consists of plant, machinery, equipment and vehicles.
Are any items not included in the sale?
Some items belong to the owner himself and will not be included in the final asset list.
What is their overall condition?
Do any require repairing?
No repairs needed.
How have they been valued ?
The assets have been valued at owners valuation.
Which assets are on lease/HP and with whom?
Some of the assets are still on HP and the owner will settle the outstanding HP's.
What are their settlement amounts?
The settlement amount is roughly N$100 000.
Will Seller settle or Buyer to take over?
The seller will settle the outstanding HP's.
Are copies of agreements available?
Yes copies of the agreements are available.
Are they presently insured?
All assets are currently insured with Mutual and Federal.
The business has been operating for over 10 years and is well established. The business out-weights its competitors as the business specializes in top graded granite, engineering stone and manufacturing of its table tops.
Currently none encountered.
A broad advertising campaign can ensure that the business will grow. Currently the owner is happy with the current growth of the business.
What is the reason for the sale?
The owner wants to retire.
Why is this a good business?
This business is the market leader in its trade and is well established and produces very good profits.
What is the price plus stock and the net profit?
The business is in the market for N$5 400 000 and includes N$100 000 stock and N$2 370 482 assets. The business produces a monthly profit of N$171 507.
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million