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Annual turnover

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  • Mandate: 32200
  • Added: 05 Jul 2018
  • AFS
  • 288

Manufacturer of Wendy Houses, Log Cabins, Doll Houses and installation thereof at client's premises

Gauteng, Johannesburg
288
Mandate 32200
Added 05 Jul 2018
R 6,400,000* ZAR
Stock: R 50,000
Assets: R 883,625
R 205,687 ZAR
Frank Schrempel
(PRINCIPAL)
Aldes Orion
Gauteng, LynnwodRidge Pretoria
Gauteng, LynnwodRidge Pretoria
Summary

Manufacturer of Wendy Houses, Log Cabins, Doll Houses and installation thereof at client's premises

Manufacturer of Wendy Houses, Log Cabins, Doll Houses and installation thereof at client's premises
SELLING PRICE AFS
R 6,400,000* ZAR
Stock: R50,000
Assets: R883,625
R 205,687 ZAR
Summary

Manufacturer of Wendy Houses, Log Cabins, Doll Houses and installation thereof at client's premises

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Fully describe the business's activities?
Manufacturer of Wendy Houses, Log Cabins, Doll Houses and installation thereof at client's premises

How long has the business been established?
Since January 2011, seven years and six months

How long has the owner had the business?
The owner started the business

How does the business operate on a daily basis?
The business is mainly staff run with the owners playing a oversight role ensuring all runs to plan A typical day starts at 07:30 when vehicles are loaded for delivery for four teams, The sales department then make sales, confirm deliveries, make bookings, issue work to manufacturing Manufacturing build the panels ready for delivery the next day

How are the clients attracted to the business?
Marketing and sales which is only online based

What Advertising/Marketing is carried out?
Online from the comfort of the sellers computer with most of the marketing strategies being automated

Does the business have any contract work?
No

What competition exists?
They have competition on the various platforms they advertise on, however their prices are are competitive and the quality is above average. They have 78,000 likes on their facebook with no competitor even close to that.

What are the seasonal trends?
It is a little slower in April and December as they shut for two weeks annual leave.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All relevant information with the accountants

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

What Balance Sheet and Income Statements are available?
All

What percentage of the business is cash/credit?
The business is EFT - upfront payment (made to order)

What is the age analysis of the debtors book?
No debtors

How could the profitability of the business be improved?
The business is evolving into new products as it progresses and one could for example build dog kennels with the off cuts, the seller also has some ideas for other wooden products. A steel Jungle gym section can be started as the seller has empty factory that has a spare 120m² space The seller feels that the marketing strategies are solid and that new products can earn more profit

Is Seller finance available and for what amount?
No

What is the total staff complement?
Thirty staff

Give a breakdown of staff/ functions/ length of service?
1 x Sales Manager - 3 Years 1 Sales - 2 Years 1 x Stock Controller 12 x Delivery - 5 years, 6 Years, 6 Years, 6 Years and others 2 x Factory

Do any receive special perks or incentives?
Yes incentives for all employees

Are they on contract?
All permanent

Do any have management potential?
Yes

How involved is the Owner in running the business?
The seller has minimal involvement which is limited to coming in the morning to oversee the staff and be finished by 11am

When does the current lease end?
April 2021

Is there an option of renewal & what period?
Landlord is open to negotiations and is apparently very reasonable and has a large number of properties

What is the annual escalation %?
10%

What are the trading hours?
07:30-16:30 Mon to Thu 07:30-15:30 Fri 08:30-11:30 Sat - Sales staff only

Is a copy of the lease available?
Yes

Do you require a licence?
No

What are the main assets of the business?
Asset list is available

Are any items not included in the sale?
Cellphones and personal laptops

What is their overall condition?
Good

Do any require repairing?
No

Which assets are on lease/HP and with whom?
There are vehicles and there I-Track units that are financed

Will Seller settle or Buyer to take over?
Buyer will have to take over the financing or refinance the vehicles, the finance cost have been taken into account in the expenses

Are they presently insured?
Yes

Strengths?
Very well established and a dominant player in the market Excellent products Well structured with all procedures in place freeing the owners for minimal involvement or mainly oversight

Weaknesses?
None Identified

Opportunities?
Expand into new product ranges Additoinal market and Sales

Threats?
None identified

What is the reason for the sale?
The seller is emmigrating

Why is this a good business?
The business makes good profit, has good systems in place, sells a tried and tested product range and has been structured to require minimal owner involvement

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FRANCHISE DETAILS

Aldes Orion

2 members
21 active mandates
Gauteng , LynnwodRidge Pretoria
108 Lynburn Rd, Lynnwood Manor
LynnwodRidge Pretoria
0081

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