Fully describe the business's activities?
This is a very well established business within the signage industry: They supply to the signage companies all they need ! The rigging division does maintenance for 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.
* Very well established. * Well known in the Industry. * Good name in the Market place. * Ongoing contracts.
Delegating of responsibilities.
* 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.
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.
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