Sectors / Category

Annual turnover

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  • Mandate: 32449
  • Added: 14 Oct 2019
  • AFS
  • 26

Very Well Established Security Business - Contracts In Place

KwaZulu-Natal, North Coast
26
Mandate 32449
Added 14 Oct 2019
R 5,800,000* ZAR
Stock: R 500,000
Assets: R 3,474,100
R 209,679 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Business is extremely well established being in the business for the last 50 years. Specialized product and services in demand, solid current contracts in place with reputable authorities and long standing relationships. Owner willing to stay on in business to transfer skills, staff very well trained and capable. Business runs like a dream ready for the market and new owners to take over.

SELLING PRICE AFS
R 5,800,000* ZAR
Stock: R500,000
Assets: R3,474,100
R 209,679 ZAR
Summary

Business is extremely well established being in the business for the last 50 years. Specialized product and services in demand, solid current contracts in place with reputable authorities and long standing relationships. Owner willing to stay on in business to transfer skills, staff very well trained and capable. Business runs like a dream ready for the market and new owners to take over.

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please supply us with your details below

Fully describe the business's activities?
Security fence supplier, erectors & maintenance. Small percentage of business is retail.

How long has the business been established?
52 Years

How long has the owner had the business?
Since 01 March 2008, however the owner worked in this business as employee since 1993.

How does the business operate on a daily basis?
Business is currently owner run however key staff member in place in the business.

How are the clients attracted to the business?
Business has been established for many years, has a very strong presence in the market place. Very good reputation, majority of the business is on tender based contract.

What Advertising/Marketing is carried out?
Business has established good solid relationships over the years. Quality and service excellence has given the business a very good reputation.

Does the business have any contract work?
Yes in place - Reputable strong authority 30 months - Multi National Major in the area Annually - Another major in the area, strong solid supply business relationship.

What competition exists?
There are other businesses but nothing locally in the area. Business has a good relationship with the closest competitor and does business together.

What are the seasonal trends?
Business tends to be quitter during August & September, busy during November & December and constant throughout the year.

What VAT documentation is on file?
Yes & up to date, available to any serious enquiries during due diligence stages.

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

What Balance Sheet and Income Statements are available?
February 2018

What percentage of the business is cash/credit?
No credit, mainly 30 day accounts

What is the age analysis of the debtors book?
30 Days Max.

What is the total staff complement?
100 plus

Give a breakdown of staff/ functions/ length of service?
Breakdown of staff is available on file to any serious enquiries.

Do any receive special perks or incentives?
Yes - performance based bonuses.

Are they on contract?
Yes

Do any have management potential?
Yes

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

When does the current lease end?
Current lease solid and indefinite, has a long standing relationship.

Is there an option of renewal & what period?
Yes absolutely, for a long term.

What is the annual escalation %?
10%

What are the trading hours?
Monday - Friday 7am - 4pm

What is the square meters of the business?
Building 195 sqm Yard 3072 sqm

Is a copy of the lease available?
Yes

What lease deposit and/or other surety is required?
+- R 45000.00 per months

What are the main assets of the business?
Mainly vehicles, as per detailed assets register, available to serious enquiries. Included in this would be workshop equipment and office furniture and equipment.

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

What is their overall condition?
Excellent and well kept.

Do any require repairing?
All in working order, all has been maintained.

How have they been valued ?
Current market related values.

Which assets are on lease/HP and with whom?
Copier & PABX system on lease agreement, Vehicles HP agreements.

Are copies of agreements available?
Yes

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

Strengths?
Business has been established for 50 plus years, has a very good reputation in the market place known for quality and service excellence, long term contracts in place with solid authorities. Long standing business relations with Multi National Majors in the area. Staff are all well established and trained in the business.

Weaknesses?
Business will need a BEE element in the coming years.

Opportunities?
BEE structure to obtain and secure more business to increase Nett Profits.

Threats?
No direct threats is known.

What is the reason for the sale?
Owner considering immigration.

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FRANCHISE DETAILS

Aldes Zululand

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

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