Fully describe the business's activities?
Manufacturing and installation of aluminum doors and windows and related products. Purpose made aluminum products to suit clients specific needs. Apart from stock items, other products manufactured are: Frameless Doors, shop front windows and purpose made aluminum products.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
The Owner oversees the daily operational management of the business. Supported by a team of long serving and loyal staff.
How are the clients attracted to the business?
The business has been in town over 20 years and is long established and works with reputable builders who recommend them as the supplier of choice due to the known quality of the product that they supply, and their service levels.
What Advertising/Marketing is carried out?
Word of Mouth and Website are powerful contributors to the success of this business.
Does the business have any contract work?
Selected architects use this busines as a prefered supplier but no written contracts are in place.
What competition exists?
There are other similar businesses in the area, but not many of them deliver the quality of product and service that this business is known for.
What are the seasonal trends?
The seasonality of the business is predominately impacted by the builders holidays as the business closes over the Christmas period. Most business's in these coastal towns experience a drop off of sales in the winter period relative to the summer.
Is the business VAT Registered?
What VAT documentation is on file?
Audited financial statements and Vat reports for the past 10 years
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
All up to date as and when required for the Due Diligence process
What percentage of the business is cash/credit?
No credit card facilities. No accounts offered. Payment by EFT. Deposit upon commencement of job. Deposits vary dependent upon the size and nature of the job.
What is the total staff complement?
8 staff exluding Owner.
Give a breakdown of staff/ functions/ length of service?
The structure comprises: - Owner Managing Member - 4 Production Team - 1 Admin Assistant - 1 Personal Assistant - 1 x part time person currently assisting with quotations as and when required.
Do any receive special perks or incentives?
Performance bonuses are offered. Travel allowances dependent upon job requirements
Are they on contract?
Normal conditions of employment.
How involved is the Owner in running the business?
On a daily basis, which is now a problem, hence the business being placed on the market.
When does the current lease end?
Currently ongoing month by month, but a new Owner will be able to negotiate a new lease.
Is there an option of renewal & what period?
Yes...subject to negotiation.
What is the annual escalation %?
Subject to negotiation.
What are the trading hours?
08-00am to 5-00pm Mondays to Fridays.
What is the square meters of the business?
370 square meters.
Is a copy of the lease available?
Yes, as and when required.
Do you require a licence?
No. The Owner was well trained in health and safety which is an advantage, but no specific licenses are required.
What lease deposit and/or other surety is required?
Subject to negotiation.
What are the main assets of the business?
Are any items not included in the sale?
Yes, the Owner will retain his own personal vehicle.
What is their overall condition?
Good. Maintenance is carried out ongoing as required and during quiet periods.
Do any require repairing?
No, apart from the standard annual maintenance.
How have they been valued ?
Owners second hand value.
Which assets are on lease/HP and with whom?
Will be advised at Due Diligence process.
Are they presently insured?
Purpose made aluminum products, of high quality and produced and installed on time. Long established in town and supplier of choice by many architects and builders. Range of products include windows, shutters, doors and windows of high quality.
The single significant weakness is the current health and age of the Owner.
The opportunities are significant and dependent upon the drive and initiative of the new Owner. Demand for standard sized door and window fittings exists in middle income group. The location of the premises and the presence of a large bill board add an additional income generator with the bill board being rented out to a third party as the location and visibilty are excellent. New market opened up for garagre doors.
There are no obvious threats to this business for a new Owner.
What is the reason for the sale?
The current Owner has been in the business for over 10 years now and suffered a recent setback when he was hospitalised and in intensive care for a lengthy period. This has indicated the vulnerability of the business and the Owner and his family agree that it is now best that he sells and hands over to a younger person.
Why is this a good business?
The business has an outstanding name in the area in which it operates. After 20 years in the industry in the same town it is known as a supplier of quality products, and reliability in meeting deadlines.
Annual Turnover Amount between R 500 thousand and R 6 million