Sectors / Category

Annual turnover

|
  • Mandate: 31852
  • Added: 10 Aug 2018
  • AFS
  • 595

Excellent business providing service to the Signage Industry

Western Cape, Cape Town
595
Mandate 31852
Added 10 Aug 2018
R 4,300,000* ZAR
Stock: R 550,000
Assets: R 2,271,805
R 120,178 ZAR
Mandi Labuschagne
Aldes Atlantic
Western Cape
Western Cape
Summary

This Company does among other things, rigging, site surveys, maintenance of all existing signage, bending, cutting, welding and building cladding.

SELLING PRICE AFS
R 4,300,000* ZAR
Stock: R550,000
Assets: R2,271,805
R 120,178 ZAR
Summary

This Company does among other things, rigging, site surveys, maintenance of all existing signage, bending, cutting, welding and building cladding.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
This is a very well established business within the signage industry: Rigging, supplying, manufacturing and maintenance (including signage of National Corporate Companies). All riggers are fully qualified and have the relevant certificates in safety.

How long has the business been established?
The business was established by the seller in 1995 due to a lack of professional rigging service in the signage industry.

How does the business operate on a daily basis?
The business is well known in the Industry and works Nationally - the HQ is in Cape Town and there is a satellite branch on the East Rand in Johannesburg. A well established long standing Company that supplies the signage industry with raw materials, blank signage units, structures, cutting, bending and welding. It specializes in signage installations, building cladding, building louvers and also does maintenance of existing signage and fascias.

How are the clients attracted to the business?
Word of mouth and well established database. The business is well established and have a very good name in the market.

What Advertising/Marketing is carried out?
None, apart from Facebook page and Instagram. Existing clients receive emails.

What are the seasonal trends?
Similar to the Building Industry - closed for few days over December.

Is the business VAT Registered?
Yes, the business is VAT Registered.

What percentage of the business is cash/credit?
About 60% of the business is 30 days from Statement and around 40% of the business is cash.

How could the profitability of the business be improved?
A rep could be employed. Add new products to the industry. Increase the over the counter sales.

Is Seller finance available and for what amount?
No seller finance is available.

What is the total staff complement?
The total staff compliment of 17 are permanent staff. Owner makes use of contract staff when necessary.

Do any receive special perks or incentives?
The incentives are bonuses based on performance.

How involved is the Owner in running the business?
The Owner is full time involved in the business and is willing to do a hand over period of 30 days.

When does the current lease end?
The lease for the building in Cape Town ends end October 2020.

Is there an option of renewal & what period?
There is an option for renewal for another 5 years.

What is the annual escalation %?
Annual escalation of 8%

What are the trading hours?
Trading hours: Monday - Friday 08:00 - 17:00

What is the square meters of the business?
480 sqm not including yard and staff room.

Is a copy of the lease available?
A copy of the lease will be made available during the Due Diligence period.

Do you require a licence?
No licence required however, the workers need to be certified in safety on a regular basis.

What lease deposit and/or other surety is required?
Lease deposit of R 40 000.

How have they been valued ?
All assets have been valued by the seller at Fair Market Value.

Strengths?
* Very well established. * Well known in the Industry. * Good name in the Market place. * Ongoing contracts.

Weaknesses?
Delegating of responsibilities.

Opportunities?
* Opening of new departments. * Supply of new products to industry * The business is well established in the market (over the past 23 years) and with B-BBEE it could be taken to the next level.

Threats?
Although B-BBEE could be a threat, it could be a great opportunity for the right buyer.

What is the reason for the sale?
The seller was offered an opportunity to work abroad.

Other listings by Mandi
R 10.50MZAR
Added : 28 Sep 2018 73
Yearly profit : R3,412,461
Western Cape
R 4.99MZAR
Added : 14 Sep 2018 184
Yearly profit : R1,858,561
Western Cape
R 18.00MZAR
Added : 14 Sep 2018 291
Yearly profit : R6,416,512
Western Cape
FRANCHISE DETAILS

Aldes Atlantic

6 members
29 active mandates
Western Cape
33 Montague Drive
7441

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 4.61MZAR
Added : 12 Oct 2018 26
Yearly profit : R637,596
Mpumalanga
R 3.50MZAR
Added : 9 Oct 2018 79
Yearly profit : R1,186,465
KwaZulu-Natal
R 3.25MZAR
Added : 8 Oct 2018 114
Yearly profit : R1,676,946
Gauteng
R 2.85MZAR
Added : 1 Oct 2018 160
Yearly profit : R1,304,828
KwaZulu-Natal
R 6.00MZAR
Added : 27 Sep 2018 203
Yearly profit : R2,227,526
Mpumalanga
R 2.56MZAR
Franchise
Added : 12 Sep 2018 192
Yearly profit : R1,194,293
Gauteng
R 3.50MZAR
Added : 3 Sep 2018 210
Yearly profit : R1,909,983
Gauteng
R 2.75MZAR
Added : 15 Aug 2018 271
Yearly profit : R566,695
Limpopo

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 2.00MZAR
Franchise
Added : 11 Oct 2018 81
Yearly profit : R1,116,460
Gauteng
R 2.00MZAR
Franchise
Added : 4 Oct 2018 84
Yearly profit : R-22,597
Gauteng
R 935KZAR
Franchise
Added : 2 Oct 2018 109
Yearly profit : R34,593
Gauteng
R 450KZAR
Added : 1 Oct 2018 70
Yearly profit : R212,000
Gauteng
R 1.60MZAR
Added : 27 Sep 2018 241
Yearly profit : R945,485
Gauteng
R 650KZAR
Franchise
Added : 24 Sep 2018 248
Yearly profit : R-24,515
Gauteng
R 1.05MZAR
Added : 17 Sep 2018 187
Yearly profit : R263,895
Gauteng
R 1.40MZAR
Franchise
Added : 14 Sep 2018 253
Yearly profit : R322,224
Gauteng