Sectors / Category

Annual turnover

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  • Mandate: 32278
  • Added: 26 Jul 2018
  • AFS
  • 666

Manufacturing Timber Cabins, Wendy Houses & Wood Products

KwaZulu-Natal, Durban
666
Mandate 32278
Added 26 Jul 2018
R 1,690,000* ZAR
Stock: R 40,000
Assets: R 834,000
R 69,915 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Manufacturing business that has been established for 20 plus years specializing in Timber Cabins, Wendy Houses and other wood products. Business has solid relationship and client base supplying the market with high quality product. Staff well trained and in place ensuring workmanship of the highest standard and quality. Business showing good nett profits, well established and situated in the area.

Manufacturing Timber Cabins, Wendy Houses & Wood Products
SELLING PRICE AFS
R 1,690,000* ZAR
Stock: R40,000
Assets: R834,000
R 69,915 ZAR
Summary

Manufacturing business that has been established for 20 plus years specializing in Timber Cabins, Wendy Houses and other wood products. Business has solid relationship and client base supplying the market with high quality product. Staff well trained and in place ensuring workmanship of the highest standard and quality. Business showing good nett profits, well established and situated in the area.

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Fully describe the business's activities?
Manufacturing timber cabins, Wendy houses, Benches and other wood products.

How long has the business been established?
20 plus years

How does the business operate on a daily basis?
Current owners are involved is the everyday running of the business. Trained staff in placed, key staff members responsible for the opening and closing of the business. Owners oversee the finances and controls the stock levels.

How are the clients attracted to the business?
Business is very well known & has been established for many years. Reputable name out in the market, high quality product and service delivery.

What Advertising/Marketing is carried out?
Website, Online Marketing & Social Media

Does the business have any contract work?
Solid established client base

What competition exists?
There are other businesses in the area however this business is known for its high standard & quality of product.

What are the seasonal trends?
Business peaks during August - March Business constant during April - July

Is the business VAT Registered?
Yes

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

Are there up-to-date Management Accounts available?
Up to Date, available to serious enquiries during due diligence stages

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

What percentage of the business is cash/credit?
70% Electronic & 30% Cash

What is the age analysis of the debtors book?
None

How could the profitability of the business be improved?
Add additional products to business - Coffins, Benches, Beds, Outdoor furniture & placing a rep in the hospitality field.

What is the total staff complement?
15 Staff including 2 owners

Give a breakdown of staff/ functions/ length of service?
12 Factory Staff, 1 Sales & 2 Owners, A few of the employees have been with the company in excess of 18 years. The teams are hardworking, friendly and diligent.

Are they on contract?
Yes

Do any have management potential?
Owners run business.

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

When does the current lease end?
June 2019

Is there an option of renewal & what period?
Yes to be negotiated with landlord

What is the annual escalation %?
6.5%

What are the trading hours?
Monday - Friday 7am - 4pm, Saturdays 9am - 12pm

What is the square meters of the business?
Building 832 sqm, Land 800 sqm Total 1600 sqm

Is a copy of the lease available?
Yes

Do you require a licence?
None

What lease deposit and/or other surety is required?
2 Months R 93 480.00 currently in place

What are the main assets of the business?
3 vehicles - trailer, moulding machine, ban saw, compressors, extractor unit, table saws, cut off saws & office equipment.

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

What is their overall condition?
Good working condition & well kept

Do any require repairing?
No, all equipment well maintained.

How have they been valued ?
Current market related values.

Which assets are on lease/HP and with whom?
Telephone system.

Will Seller settle or Buyer to take over?
Service agreement for copier to be taken over by buyer.

Are copies of agreements available?
Yes

Are they presently insured?
Yes, full comprehensive insurance in place.

Strengths?
Business has been established for many years, good reputation in the market place for high quality product. Well trained staff in place ensuring high quality and good service delivery. Product offering in demand, opportunity to add products to increase business and nett profits.

Weaknesses?
Buisness is currently owner run.

Opportunities?
Placing a rep in the field to call on the hospitality industry offering current products and marketing possible new product lines.

Threats?
Economical pressure and downturn.

What is the reason for the sale?
Owners relocating.

Why is this a good business?
Manufacturing business established for 20 plus years offering product that is in demand. Good reputation out in the market place for high quality product and service delivery.

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FRANCHISE DETAILS

Aldes Zululand

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

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