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Annual turnover

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  • Mandate: 32243
  • Added: 29 Aug 2018
  • AFS
  • 473

Cut and Supply Aluminium Round Bar and Plates

Gauteng, Centurion
473
Mandate 32243
Added 29 Aug 2018
R 10,000,000* ZAR
Stock: R 4,500,000
Assets: R 4,707,873
R 166,530 ZAR
Steve Boardman
(PRINCIPAL)
Aldes Central
Gauteng
Summary

Importer of aluminium round bar and sheets and cuts to size for engineering businesses

Cut and Supply Aluminium Round Bar and Plates
SELLING PRICE AFS
R 10,000,000* ZAR
Stock: R4,500,000
Assets: R4,707,873
R 166,530 ZAR
Summary

Importer of aluminium round bar and sheets and cuts to size for engineering businesses

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Fully describe the business's activities?
The business imports aluminium in round bar form or plate and cuts to size as well as steel rods and other materials

How long has the business been established?
The business was established in 2006

How long has the owner had the business?
Since inception

What is the average KW usage?
Not known

How does the business operate on a daily basis?
Staff normally open and close the business, orders are taken and the requirements of the customer are cut to size

How are the clients attracted to the business?
Word of mouth

What Advertising/Marketing is carried out?
None other than a website

Does the business have any contract work?
No, but most customers are regular

What competition exists?
There are other businesses in the same field

What are the seasonal trends?
They close for 3-4 weeks in December / January

Is the business VAT Registered?
Yes

What VAT documentation is on file?
This can be made available during a due diligence for serious buyers

Are there up-to-date Management Accounts available?
To July 2018

What Balance Sheet and Income Statements are available?
AFS to 28 February 2018

What percentage of the business is cash/credit?
Mostly on 30 day credit terms

How could the profitability of the business be improved?
Import and offer a wider range of products

Is Seller finance available and for what amount?
No

What is the total staff complement?
11 employees including the owner

Give a breakdown of staff/ functions/ length of service?
Staff are semi skilled

Do any receive special perks or incentives?
13th cheque

Are they on contract?
Letters of appointment

Do any have management potential?
No

How involved is the Owner in running the business?
The business is run by two sisters who are fully involved

When does the current lease end?
2022

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
8%

What are the trading hours?
07h00 to 16h00 Monday to Thursday and 07h30 to 14h00 Fridays

What is the square meters of the business?
1000 square metres

Who is the Owner/Landlord?
Business Partners

Is a copy of the lease available?
This can be made available for serious buyers

Do you require a licence?
Only import licence

What lease deposit and/or other surety is required?
Two months deposit was paid by the current owners

What are the main assets of the business?
Besides stock the business has a range of large cutting machines, ample shelving and storage space

Are any items not included in the sale?
No

What is their overall condition?
Good working order

Do any require repairing?
Normal maintenance

How have they been valued ?
Owners valuation

Which assets are on lease/HP and with whom?
The vehicle may be financed (to confirm)

Are they presently insured?
Yes

Strengths?
This is a well established business supplying essential goods cut to size for their clients

Weaknesses?
The economy

Opportunities?
Opportunity to increase the product range and increase the profitability of the business

Threats?
None known

What is the reason for the sale?
The owners are emigrating to Scotland

Why is this a good business?
Solid business supplying good quality products to their clients

What is the price plus stock and the net profit?
Selling at R5 500 000 plus stock of approximately R4 500 000 netting about R2 million per annum Seller wants R5.5 million out, the business can be bought as a going concern or the cc may be purchased with all operating assets, stock debtors and liabilities

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FRANCHISE DETAILS

Aldes Central

1 members
7 active mandates
Gauteng
Nillsord Avenue
2026

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