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Annual turnover

  • Mandate: 32415
  • Added: 14 Sep 2018
  • AFS
  • 0

Long established Manufacturing business in CT

Western Cape,
Mandate 32415
Added 14 Sep 2018
R 18,000,000* ZAR
Stock: R 500,000
Assets: R 9,500,000
R 534,709 ZAR
Mandi Labuschagne
Aldes Atlantic
Western Cape
Western Cape

Leading Industry player in its sector.

Long established Manufacturing business in CT
R 18,000,000* ZAR
Stock: R500,000
Assets: R9,500,000
R 534,709 ZAR

Leading Industry player in its sector.

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Fully describe the business's activities?
Service provider to Blue Chip clients in different Industries.

How long has the business been established?
The business has been in existence for over 10 years.

How does the business operate on a daily basis?
Five days a week, 24-hour operation, 2 shifts.

How are the clients attracted to the business?
Long established relationships. Majority of Blue Chip clients. Word of mouth. Reputation, referrals and internet.

What Advertising/Marketing is carried out?
No marketing is currently done.

Does the business have any contract work?
Loyal customer base with ongoing projects. However, jobs are done on a signed detailed order basis.

What competition exists?
There are a few smaller players in the market and this Company is the largest independent provider in their Industry in the Western Cape. The factory is geared towards larger volumes, top quality products and quick turn around time.

What are the seasonal trends?
Builders shutdown during December and January.

Is the business VAT Registered?
Yes, the business is VAT Registered.

What VAT documentation is on file?
All VAT documentation is on file and will be made available during Due Diligence.

Are there up-to-date Management Accounts available?
Yes, up to date Management Accounts are available.

What Balance Sheet and Income Statements are available?
Balance Sheet and Income Statements are available up to June 2018.

What percentage of the business is cash/credit?
More than 95% of the business is credit.

What is the age analysis of the debtors book?
Within 40 days, 90% of the Invoices are paid.

How could the profitability of the business be improved?
Advertising. Employ Reps.

What is the total staff complement?
Total staff compliment of 50 +

Give a breakdown of staff/ functions/ length of service?
4 Managers 3 Administrative staff 8 Drivers Most factory staff have been with the company since inception.

Are they on contract?
The majority of the staff are permanently employed and during busy times casual labour is used.

How involved is the Owner in running the business?
Not involved.

When does the current lease end?
The current lease ends March 2021 with a 3 year option.

What is the annual escalation %?
Annual escalation of 8%

What are the trading hours?
Monday to Thursday 08:00 - 17:00 Friday 08:00 - 14:00

What is the square meters of the business?
The total size of the premises - about 3000 sqm.

Is a copy of the lease available?
A copy of the lease will be available during the Due Diligence period.

Do you require a licence?
No licence required. However, the recognised International accreditation status attracts larger clients.

What lease deposit and/or other surety is required?
Deposit of R200 000.

What are the main assets of the business?
Plant, Machinery and equipment R 6.5m Stock R500 Vehicles R2.5m

Which assets are on lease/HP and with whom?
There are 4 new vehicles on HP and all other assets are unencumbered. Vehicles - settlement amounts to be negotiated.

Market leader Long established International recognition Skilled work force Excellent quality of finished product High margins Large infra structure High barriers of entry Very few businesses in the industry

Labour intensive Capital infra-structure outlay

B-BBEE opportunity Scaleable business model Regionalise

Cheap imports but quality is and remains important to customers.

What is the reason for the sale?
The seller will be pursuing other business opportunities, in SA and abroad.

Why is this a good business?
The business has been significantly expanded recently, therefor the growth prospects are unlimited and a huge advantage to the new owner.

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Aldes Atlantic

5 members
23 active mandates
Western Cape
33 Montague Drive

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