Fully describe the business's activities?
Supply and fit of roof construction and roof coverings. The company caters for the entire market, extending from Residential, Commercial right through to Industrial environments with various teams that specializes in each of the different departments ensuring complete customer satisfaction. The services supplied includes, fitting and erecting of roof trusses, steel and poly carbonate roof sheeting, concrete roof tiles and stone and nutec slate tiles.
How long has the business been established?
1996 - 22yrs
How long has the owner had the business?
How does the business operate on a daily basis?
Owner run and managed on daily basis with allocation of works orders, team job cards and material purchases , OH&S
How are the clients attracted to the business?
Web Site referrals, and on site sales representative
What Advertising/Marketing is carried out?
Web site and representative
Does the business have any contract work?
Yes makes up about 40% of the business
What competition exists?
4 competitors within 10km that contract in various areas. Most works are tender based on reputation value and skill set to implement construction requirements
What are the seasonal trends?
Only closed during builders holidays
Is the business VAT Registered?
What VAT documentation is on file?
Yes immediate last 12 months available on file
Are there up-to-date Management Accounts available?
From March 2018
What Balance Sheet and Income Statements are available?
AFS for 2018 is available
What is the age analysis of the debtors book?
Full disclosure on offer
How could the profitability of the business be improved?
Quality Control officer on site to speed up delivery of installations and provide management to staff thereby reducing time lost on sites and maximizing efficiencies of cost control and lost revenues due to delays..
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
Will be provided during Due Diligence stage
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
Daily hands on management
When does the current lease end?
Does Not -- Premises are owned by current business seller but property not being sold
Is there an option of renewal & what period?
New Lease would be agreed
What is the annual escalation %?
What are the trading hours?
08h00 - 17h00 - 5 days a week
What is the square meters of the business?
220m2 Plus an office
Who is the Owner/Landlord?
Current Seller of business
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
2 months +/- R40k
What are the main assets of the business?
Vehicles and Tools
What is their overall condition?
Which assets are on lease/HP and with whom?
To be discussed
Are they presently insured?
While making trusses it was clear that there were not enough erectors with adequate knowledge of pre-fabricated trusses and so started to train learner carpenters. Most of them are still with business today and are highly qualified roofing specialists.As the market grew, so did business, and have since included most other forms of roofing. Today they are able to cater for most roofing contracts from tender to final inspection.
More competition coming into market or in house contractors employed
Secure preferred status with the Big 5 construction companies
Continuity of developments in respect of Land Appropriation
What is the reason for the sale?
Why is this a good business?
very well established business with year on year growth and exceptional reputation in the construction sector and established contracting status with multiple main contractors
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Annual Turnover Amount between R 500 thousand and R 6 million