Sectors / Category

Annual turnover

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  • Mandate: 32390
  • Added: 30 Aug 2018
  • AFS
  • 0

Specialised Engineering Business

Gauteng, Johannesburg
0
Mandate 32390
Added 30 Aug 2018
R 1,670,000* ZAR
Stock: R 20,000
Assets: R 1,150,000
R 117,507 ZAR
George Wray
(PRINCIPAL)
Aldes Gold
Gauteng, Kempton Park
Gauteng, Kempton Park
Summary

Small but well established engineering business

Specialised Engineering Business
SELLING PRICE AFS
R 1,670,000* ZAR
Stock: R20,000
Assets: R1,150,000
R 117,507 ZAR
Summary

Small but well established engineering business

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Fully describe the business's activities?
The business does general engineering, tool and dye making, general repairs wire cutting and the manufacturing of specialised parts for a major bottling company. The latter represents about 70 % of monthly sales.

How long has the business been established?
1992

How long has the owner had the business?
Since inception

What steps are in place to solve 'load shedding' problems?
There is a 80 kva generator on the premises which serves the house as well as the factory.

What is the average KW usage?
Will be discussed with serious buyer.

How does the business operate on a daily basis?
The owner is very involved in the business.

How are the clients attracted to the business?
Word and mouth and repeat business from existing clients

What Advertising/Marketing is carried out?
None at present.

Does the business have any contract work?
No

What competition exists?
Very little in the form of direct competitors that are involved with the same national bottling company.

What are the seasonal trends?
Stable throughout the year, but the business closes during the mid Dec to the first week in Jan.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Will be provided to a serious buyer.

Are there up-to-date Management Accounts available?
This information will be available shortly.

What Balance Sheet and Income Statements are available?
AFS as at the period ended Feb. 2018

What percentage of the business is cash/credit?
Mostly eft's.

What is the age analysis of the debtors book?
Only consists of two company's and ranges between R 140 k to R 250 per month depending on the work done for the month.

How could the profitability of the business be improved?
Additional CNC machine work could be added.

Is Seller finance available and for what amount?
No.

What is the total staff complement?
The owner is the only artisan but there are two very skilled machine operators that assist him with the work being processed. One receptionists who also handles the debtors and creditors who will not be staying on and will need to be replaced.

Give a breakdown of staff/ functions/ length of service?
More information will be provided at a on site meeting.

Do any receive special perks or incentives?
Annual bonuses are paid in Dec.

Are they on contract?
Yes.

Do any have management potential?
Both artisans are able to fully run the workshop without assistance, but do not get involved in the tool and dye making.

How involved is the Owner in running the business?
Very involved as indicated.

When does the current lease end?
The business operates on the residential property and there is no lease. The buyer will have the option to buy the business as well as the property or perhaps to relocate the business within a 30 kms radius. Provision for future rentals has been made in the expenses of the business. Relocation costs can be discussed. The asking price of the property is R 1.7 million negotiable. Brief description: 4 bedrooms two on suite. Large lounge dining room and bar combo. Double garage, maids quarters laundry, Wendy house used as an office and the factory. There is also a pool and Koi pond. The stand is 2004 meters square.

What are the trading hours?
Mondays to Thursdays 8.00 am to 17.00 Fridays 8.00 am to 15.30

What is the square meters of the business?
160 square meters.

Who is the Owner/Landlord?
An immediate family member.

Do you require a licence?
No

What lease deposit and/or other surety is required?
This will depend on whether the business needs to be relocated.

What are the main assets of the business?
As per the assets list available on the system.

Are any items not included in the sale?
No.

What is their overall condition?
All in good running order.

Do any require repairing?
Not currently.

How have they been valued ?
Owners value with the assistance of person who deals in engineering equipment.

Which assets are on lease/HP and with whom?
None

Are they presently insured?
Yes

Strengths?
The business offers a unique service especially to the national bottling company and has been in existence for 26 years.

Weaknesses?
The possible relocation of the business.

Opportunities?
Maybe an ideal opportunity to add value to an existing engineering establishment.

Threats?
There have been no complaints from surrounding neighbours so no real threats are envisaged.

What is the reason for the sale?
The seller would like to retire and move to the coast.

Why is this a good business?
Operates very efficiently with minimum staff and provides an essential service to its largest client.

What is the price plus stock and the net profit?
The selling price is R 1.65 million plus R 20 k for stocks.

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FRANCHISE DETAILS

Aldes Gold

1 members
5 active mandates
Gauteng , Kempton Park
Unit 9 Ouderkaap 5a Vlei Road 1619
Kempton Park
1619

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