Sectors / Category

Annual turnover

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  • Mandate: 31988
  • Added: 16 Apr 2018
  • AFS
  • 630

Aluminium manufactures

Western Cape, Garden Route
630
Mandate 31988
Added 16 Apr 2018
R 6,900,000* ZAR
Stock: R 400,000
Assets: R 1,600,000
R 197,158 ZAR
Corne Booyens
Aldes Pinnacle
Western Cape
Western Cape
Summary

Long established aluminium manufacturing business supplying to the building industry as well as to the Commercial and to the Domestic markets.

SELLING PRICE AFS
R 6,900,000* ZAR
Stock: R400,000
Assets: R1,600,000
R 197,158 ZAR
Summary

Long established aluminium manufacturing business supplying to the building industry as well as to the Commercial and to the Domestic markets.

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How long has the business been established?
The business has been in operation for the past twenty plus years.

Describe the nature of the business
This business manufactures and installs aluminium products for the building, commercial and domestic sectors as per the clients requirements. Amongst the work that they undertake are sliding doors, aluminium windows, enclosing of outdoor areas such as balconies, shopfitting and other aluminium requirements.

How does the business operate on a daily basis?
There is a very well structured team in place, from the Managing Director down to all levels.

How are the clients attracted to the business?
The business is very well known in the region and much of the work is repeat work for customers. They do some advertising and have a representative out on the road who specifies and quotes as required.

What Advertising/Marketing is carried out?
Little marketing is necessary as the business maintains pipeline orders for months in advance. The Representative specifying and quoting also generates significant business.

Does the business have any contract work?
No, but they have many regular clients.

What competition exists?
There are other similar businesses, but not as well entrenched or operating at the same level as this one.

What are the seasonal trends?
Seasonality is not very predominant in this business despite it being in the Garden Route.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All up to date, as and when required

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
Up to date as and when required

What percentage of the business is cash/credit?
The business does carry accounts for select clients only. An age analysis report is available.

What is the age analysis of the debtors book?
Will be made known at Due Diligence process. Currently less than 10% over 60 Days.

Is Seller finance available and for what amount?
Can be proposed subject to the correct guarantees being in place and subject to the Sellers approval.

What is the total staff complement?
23 plus Owner.

Give a breakdown of staff/ functions/ length of service?
There is a well defined staff structure in place covering specifying and quoting, manufacturing and installations. Details will be made known to qualified interested parties.

Are they on contract?
Normal conditions of employment. Staff are members of the bargaining council for this industry.

Do any have management potential?
Certain staff members do display growth potential.

How involved is the Owner in running the business?
On a daily basis in a General Management function.

When does the current lease end?
May 2020

Is there an option of renewal & what period?
Yes. 3 years subject to negotiation

What is the annual escalation %?
8%

What are the trading hours?
Normal factory hours, but overtime worked as and when required.

What is the square meters of the business?
908 sq m Main Area; 475sqm Outside; 243 sq m Loading

Who is the Owner/Landlord?
Details will be made known at Due Diligence process

Is a copy of the lease available?
Yes

Do you require a licence?
The following licenses are in place: - AAAMSA -Pastel -Starfront ( Design Package) -RMA (Medical Aid) This business is a member of the BIBC (Building Industry Bargaining Council) Employers Council

What lease deposit and/or other surety is required?
To Be Advised

What are the main assets of the business?
Vehicles Manufacturing Equipment Computer systems and equipment

Are any items not included in the sale?
2 x Personal Laptops A few other personal items and pieces of furniture that will be highlighted to a potential Buyer

What is their overall condition?
All assets are well maintained and in good working order

Do any require repairing?
No, all functional

How have they been valued ?
Owners second hand values

Which assets are on lease/HP and with whom?
To be advised

What are their settlement amounts?
To be advised

Are copies of agreements available?
Yes

Are they presently insured?
Yes

Strengths?
Business established over 20 years and is a major role player in this industry. Well designed systems being utilised to ensure cost efficacy. Order-book significant forward orders with pipeline a few months in advance. Well structured, experienced staff, and profitable.

Weaknesses?
Difficult to find semi skilled general workers who offer reliability.

Opportunities?
There are numerous development projects in the region that this business will be involved with. The business can be structured to increase the output and has the necessary equipment, space etc An experienced business Owner suited to this industry will show strong year on year growth if business disciplines are maintained.

Threats?
Apart from new players entering the market from time to time, there are no obvious threats known of.

What is the reason for the sale?
Personal issues have impacted negatively upon the current owner, and forcing him to place this business onto the market.

Why is this a good business?
This is an outstanding business with premium market share in the region, and trades successfully year on year, with growth and excellent opportunities.

What is the price plus stock and the net profit?
The price is R6,500,000 and average manufacturing stock on hand in the region of R400K. Orders in pipeline stock holding is in region of R600,000. Profit in region of R2,3000,000 per annum.

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FRANCHISE DETAILS

Aldes Pinnacle

2 members
17 active mandates
Western Cape
8 Malva Street
6670

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