Fully describe the business's activities?
Manufacturing and Trading of Steel and Mining Supplies. They have extensive codes with Anglos, De Beers, Eskom, Exxaro, PPC, Premier, Samancor, Sasol, Transnet, Rand Water, Sibanye, Harmony, Ashanti and many more companies.
How long has the business been established?
The business was started in 2011
How long has the owner had the business?
The owner has had the business since 2012
How does the business operate on a daily basis?
Orders are received, goods manufactured or acquired and sold on to the vendors.
How are the clients attracted to the business?
The company as representatives canvassing sales, vendor codes which bring in requests to quote.
What Advertising/Marketing is carried out?
Google Adwords, Website and Facebook advertising is carried out.
Does the business have any contract work?
The business does not have any fixed contracts at the moment.
What competition exists?
There are a number of competitors in the business of mining supplies.
What are the seasonal trends?
Winter months tend to be better than summer months.,
Is the business VAT Registered?
The business is VAT registered.
What VAT documentation is on file?
VAT documentation is available to approved buyers.
Are there up-to-date Management Accounts available?
Up to date management accounts are available.
What Balance Sheet and Income Statements are available?
All the AFS are available.
What percentage of the business is cash/credit?
99% of business is accounts on 30 to 60 day terms.
What is the age analysis of the debtors book?
They utilise credit guarantee to protect their sales income. R20M cover is available.
How could the profitability of the business be improved?
BEEE would help in improving profitability.
Is Seller finance available and for what amount?
No seller finance is available.
What is the payback period?
Discuss with broker
What is the ROI?
Discuss with broker
Who is the bookkeeper/Accountant?
What is the total staff complement?
The company has a compliment of 26 employees
Give a breakdown of staff/ functions/ length of service?
Do any receive special perks or incentives?
Certain sales staff do receive an incentive.
Are they on contract?
All staff are permanently employed.
Do any have management potential?
How involved is the Owner in running the business?
The owner is 100% involved in the business.
When does the current lease end?
The premises are owned by the Owner who would like to sell as well.
Is there an option of renewal & what period?
What is the annual escalation %?
The Owner will provide for a 7% escalation if the property is let and not sold.
What are the trading hours?
Monday to Tuesday 7.30am - 16.30pm Friday 7.30am - 13.00pm
What is the square meters of the business?
Who is the Owner/Landlord?
The Owner of the business is also the Landlord.
Is a copy of the lease available?
Do you require a licence?
No license to run the business is required.
What lease deposit and/or other surety is required?
One months deposit plus lights and water.
What are the main assets of the business?
The 10 ton crane, guillotines, service press brakes, automatic saw, 400 amp plasma cutter, lathes, drilling machines etc.
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
The equipment is serviced regularily and none require repairing.
How have they been valued ?
Which assets are on lease/HP and with whom?
The Nashua printer is on lease.
What are their settlement amounts?
Take over lease.
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
All assets are insured.
Although the owner is 100% involved the company. They have extensive codes with Anglos, De Beers, Eskom, Exxaro, PPC, Premier, Samancor, Sasol, Transnet, Rand Water, Sibanye, Harmony, Ashanti to name a few.
No fixed contracts
BEEE would assist. However they are a Level 1 company.
Non perceived but the economy plays its role.
What is the reason for the sale?
The Owner wishes to pursue other interests.
Why is this a good business?
The business deals in the mining, economy of SA as well as International and African Markets.
What is the price plus stock and the net profit?
See mandated details.
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