What is the total staff complement?
There are 40 staff members including the 15% shareholder of the business . All business transactions are above board and are acquired through expertise and services delivered by the business.
Give a breakdown of staff/ functions/ length of service?
A staff schedule with work functions , leave dates and length of service shall be disclosed in the due diligence.
Do any receive special perks or incentives?
Employees receive a bonus as a "gift from the owner" depending on the Company's performance throughout the year.
At times the Owner shall decide on a "business shut down " period of a week in December for all employees, this leave is excluded from the employees annual leave.
Are they on contract?
All employees have signed contracts in line with BCEA ( Basic conditions of Employment Act) .
Do any have management potential?
The Owner of the Business Son is employed in the Business. The Owner s intention for a Sale of 85% is for his Son (The Owners son has been with the Business for years, and knows the operation of the Business in full) to remain in the Business as a 15% member in the Close Corporation. The aim hereby is to insure that the business and Purchaser has the necessary advise and input for the operation of the Business.
It shall stay the Purchaser prerogative to acquire the full 100% in the Business from the outset, and a structure can be negotiated for the intellectual property and operation of the Business to be transferred with time after the Sale of the Business.
How involved is the Owner in running the business?
The owner initiated the business when he seen a gap in the industry several years ago. With his engineering qualifications and many years of working in a corporate environment a solid network was established with clients . The owner sets the example in service excellence , work ethics , values and commitment to the business , staff and clientele. The entire operation is overseen by the Owner , the workshop & manufacturing , work in and work out is his area of domain. The owner's wife and partner in the business manages the financial aspect of the business to perfection. Payments , invoicing , supervising the debtors and creditors , liaising with the Auditors and legal work. The business is a well oiled machine.