Sectors / Category

Annual turnover

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  • Mandate: 32119
  • Added: 05 Jun 2018
  • AFS
  • 801

Compressor Equipment, Supply, Service & Maintain

KwaZulu-Natal, North Coast
801
Mandate 32119
Added 05 Jun 2018
R 1,750,000* ZAR
Stock: R 50,000
Assets: R 1,285,000
R 64,586 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Business is situated in the fastest growing industrial hub in South Africa, holding a solid contract with one of the big majors in the area. Has long standing business relations with clients in the area that has been serviced for the last 19 years. Skilled staff in place, very well exposed and accessible to the public. Business is known in the area for quality, efficiency that delivers on time. Solid Nett profits with scope to grow further into the market place. Owner wants to retire after 19 years in the industry

SELLING PRICE AFS
R 1,750,000* ZAR
Stock: R50,000
Assets: R1,285,000
R 64,586 ZAR
Summary

Business is situated in the fastest growing industrial hub in South Africa, holding a solid contract with one of the big majors in the area. Has long standing business relations with clients in the area that has been serviced for the last 19 years. Skilled staff in place, very well exposed and accessible to the public. Business is known in the area for quality, efficiency that delivers on time. Solid Nett profits with scope to grow further into the market place. Owner wants to retire after 19 years in the industry

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Fully describe the business's activities?
Maintenance, Service, Supply & Installation of Compressor Equipment - Pneumatic Tools & Small Hydraulics

How long has the business been established?
By Owner 19 Years

How long has the owner had the business?
19 Years

How does the business operate on a daily basis?
Staff in place that open and closes the business, owner is involved in the everyday running of the business

How are the clients attracted to the business?
Business has a very strong presents and good representation in the area that has been established for many years. Very well known for quality and service delivery.

Does the business have any contract work?
Business has a solid signed long term contract in place with one of the majors in the area.

What competition exists?
There is another business of the like in the area, however has not got the backbone and is busy closing down.

What are the seasonal trends?
Dec, Jan & April tends to be the quieter months however January 2018 was exceptionally busy. From May - Nov tends to the busier months

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Up to Date - available to any serious enquiries during due diligence stages

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

What Balance Sheet and Income Statements are available?
Up to Date

What percentage of the business is cash/credit?
5% Cash - 95% Electronic

What is the age analysis of the debtors book?
+- R 170 000.00 over 30 days

How could the profitability of the business be improved?
Increase staff compliment, more skilled staff

What is the total staff complement?
4 Staff plus 1Owner

Give a breakdown of staff/ functions/ length of service?
1 Artisan, 1 Assistant, 2 Admin plus 1 Owner

Are they on contract?
Yes in place

Do any have management potential?
Business is owner run

How involved is the Owner in running the business?
100%

When does the current lease end?
1 Year lease in place renewable every November, Landlord is willing to enter into a long term lease with new owner.

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
10%

What are the trading hours?
Monday - Thursday 7am - 5pm, Friday 7am - 2pm

What is the square meters of the business?
250 sqm

Is a copy of the lease available?
Yes

What lease deposit and/or other surety is required?
1 Months Rent

What are the main assets of the business?
Tools, Office Equipment, Workshop Compressors

Are any items not included in the sale?
All included as per assets register.

What is their overall condition?
Excellent all in very well maintained condition

Do any require repairing?
All well kept

How have they been valued ?
Current market related values.

Which assets are on lease/HP and with whom?
None all paid for cash.

Are copies of agreements available?
Yes

Are they presently insured?
Yes comprehensive insurance in place.

Strengths?
Specialized industry service and product in demand, business situated in industrial hub in South Africa. Skill staff in place, solid long term supply contract in place with one of the majors in the area. Business established for many years showing solid net profits, has a strong business relation in place with solid client base. Representation in place for quality and service delivery.

Weaknesses?
Owner run business

Opportunities?
Increase staff compliment, skilled staff.

Threats?
Aware of no direct threats.

What is the reason for the sale?
Owner want to retire

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FRANCHISE DETAILS

Aldes Zululand

2 members
28 active mandates
KwaZulu-Natal
28 Bronze Street
3880

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