Sectors / Category

Annual turnover

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  • Mandate: 32611
  • Added: 07 Nov 2018
  • AFS
  • 370

Food Distribution business

Gauteng, Johannesburg
370
Mandate 32611
Added 07 Nov 2018
R 1,750,000* ZAR
Stock: R 250,000
Assets: R 0
R 58,022 ZAR
Rory Miller
(PRINCIPAL)
Aldes Active
Gauteng
Summary

Specializing in fish, meat & venison business offer personalized service to hospitality industry. Great mix of clients including corporates, caterers, restaurants & some private clients.

Food Distribution business
SELLING PRICE AFS
R 1,750,000* ZAR
Stock: R250,000
Assets: R0
R 58,022 ZAR
Summary

Specializing in fish, meat & venison business offer personalized service to hospitality industry. Great mix of clients including corporates, caterers, restaurants & some private clients.

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Fully describe the business's activities?
Food wholesaler to the hospitality industry, since 2008. Operates from rented premises conveniently located in the north. premises allows for hygiene standards to be easily maintained. Also has generator. Business offers to clean, de-scale and portioning service for the prawns, fish and salmon. This is not offered by competitors. Products include fish, prawns, variety of meats, venison, chicken.

How long has the business been established?
Since 2008

How long has the owner had the business?
Owner started business.

How does the business operate on a daily basis?
Clients can place orders via mail, cell phone, whattssapp. Same day delivery offered on orders placed before 10. ders picked and dispatched each day. Wednesday usually quieter. No week end trade. Summer months are the boom times. Bulk orders placed on suppliers , held in stock and then on sold.

How are the clients attracted to the business?
Direct contact, word of mouth, web site and advertising.

What Advertising/Marketing is carried out?
Limited.

Does the business have any contract work?
There are long standing customers. All customers have to sign agreements in order to be supplied. these cover the credit terms.

What competition exists?
There are a few other large competitors, but the business is able to offer service that large companies can not.

What are the seasonal trends?
Yes, summer is better.

Is the business VAT Registered?
Yes

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

What Balance Sheet and Income Statements are available?
Yes

What percentage of the business is cash/credit?
Most customers will start with COD, then as time passes will become credit customers. Most are less than 14 days

What is the age analysis of the debtors book?
Less than 14 days for most

How could the profitability of the business be improved?
Improve the web site, hire a rep.

What is the total staff complement?
9. There is very competent office manger who runs the business in owners absence.

Do any receive special perks or incentives?
Staff work on a hourly rate so are only paid when they work.

Do any have management potential?
Yes, office manager

How involved is the Owner in running the business?
Daily

When does the current lease end?
Next year on yearly renewal

Is there an option of renewal & what period?
Yes.

What is the annual escalation %?
negotiated annually

What are the trading hours?
8-17h00

What is the square meters of the business?
312m2

What lease deposit and/or other surety is required?
1 month

What are the main assets of the business?
Cold rooms, vehicles, office equipment

What is their overall condition?
Good

Are they presently insured?
Yes

Strengths?
Well established, well known, great service, room to expand

Weaknesses?
BEE level, no rep, no online shop, no social media presence

Opportunities?
Extend into new products, target more retail businesses, online shop

Threats?
The usual economic factors

What is the reason for the sale?
Owner is immigrating

Why is this a good business?
Well established, niche offering, great service, trained staff and expansion opportunities

What is the price plus stock and the net profit?
R1,750,000 including stock

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FRANCHISE DETAILS

Aldes Active

1 members
14 active mandates
Gauteng
Postnet Suite 129, Post Box 92418
2117

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