Sectors / Category

Annual turnover

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  • Mandate: 32624
  • Added: 26 Nov 2018
  • AFS
  • 177

Construction of Sports Courts

Gauteng, Johannesburg
177
Mandate 32624
Added 26 Nov 2018
R 1,900,000* ZAR
Stock: R 0
Assets: R 162,000
R 104,659 ZAR
Driekie Louw
Aldes Focus
Gauteng
Summary

Established since 2009 and specialising in the refurbishment or construction of new sports courts, tennis, netball, basketball etc. Operates 5 days per week and all work is on a contract basis.

Construction of Sports Courts
SELLING PRICE AFS
R 1,900,000* ZAR
Stock: R0
Assets: R162,000
R 104,659 ZAR
Summary

Established since 2009 and specialising in the refurbishment or construction of new sports courts, tennis, netball, basketball etc. Operates 5 days per week and all work is on a contract basis.

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Fully describe the business's activities?
Expert refurbishment and new construction of sports courts, primarily tennis courts, netball courts, action soccer courts, cricket nets, synthetic putting greens and all sports fencing jobs Also offer a complete line of sports court equipment and supplies. Work is done all over the country.

How long has the business been established?
This business has been established since 2008.

How long has the owner had the business?
Since 2014.

How does the business operate on a daily basis?
Inquiries are received from website, photos sent or owner will visit the site to draw up quotes. Depending on the size of the contract; one or two teams are dispatched to the work sites to build brand new courts or to refurbish the courts.

How are the clients attracted to the business?
Work is derived from various sources, mainly the website, sports and school clubs. A little bit of return work.

What Advertising/Marketing is carried out?
Other than AdWords, very little advertising or marketing is undertaken.

Does the business have any contract work?
All work is done on a contract basis. Each contract is separately secured.

What competition exists?
There are only 3 other reputable companies in the whole of Gauteng. Over 20 000 sports courts need refurbishing every 5 / 8 years alone.

What are the seasonal trends?
None really but the rainy season does affect operations and construction times somewhat. Busy in December. Business also closes for about two weeks during the Festive Season.

Is the business VAT Registered?
Yes this business is Vat registered.

What VAT documentation is on file?
Will be made available to qualified buyers.

Are there up-to-date Management Accounts available?
Management Accounts as at 30 September 2018 is available on file

What Balance Sheet and Income Statements are available?
Financials for the year ending February 2018 with comparative figure for 2017.

What percentage of the business is cash/credit?
Almost 100% EFT, sporadic cash payments.

What is the age analysis of the debtors book?
No debtors book. 50% Deposit is normally taken and thereafter progress payments

How could the profitability of the business be improved?
Room to drop the price of quotes Getting more teams up and running.

Is Seller finance available and for what amount?
There may be the possibility of some seller finance.

What is the total staff complement?
1 full time (owner), variable number of employees depends on specific work undertaken - 5 trained staff, 5 general workers

Give a breakdown of staff/ functions/ length of service?
All staff are experienced, reliable and trusted having been part of this business for many years.

Do any receive special perks or incentives?
Paid x1.5 over weekends 13th cheque per owners discretion No fixed salaries, only get paid per contract.

Are they on contract?
No, they are employed regularly but no contracts are in place.

Do any have management potential?
No management potential, however teams are more than capable to complete the work by themselves with limited input from the owner.

How involved is the Owner in running the business?
100% with providing quotes, ordering materials and managing the financial side of the business.

When does the current lease end?
Work from home for the admin side, all work is done on site otherwise. Two storage units are rented.

What are the trading hours?
Usually 5 days a week.

What is the square meters of the business?
Various machines, equipment are stored in two storage units. Not much space is required.

Do you require a licence?
No licence required.

What are the main assets of the business?
Hilux Bakkie and trailer plus loose tools

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

What is their overall condition?
In good working order.

Do any require repairing?
None require repairing.

How have they been valued ?
Owners valuation.

Which assets are on lease/HP and with whom?
Hilux Bakkie with about R55 000 settlement outstanding

Will Seller settle or Buyer to take over?
Can be negotiated.

Are they presently insured?
Yes all assets are insured.

Is a full asset list on file?
Yes and will be made available to qualified buyers.

Strengths?
Proven expertise, quality work from a known brand. Low overheads. Loyal and experienced staff. Increased emphasis from Government and schools to provide sports courts in communities. Limited competition.

Weaknesses?
None really identified. Maintaining work quality will protect against any threat.

Opportunities?
Focus on more volume. The business can be franchised and established in different provinces. Same process is used for roadwork and paving if wanted to expand the business.

Threats?
All work is dependent on securing contracts on time.

What is the reason for the sale?
The owner would like to focus on other businesses.

Why is this a good business?
This business has an excellent reputation and has increased business opportunities going forward from both Government and from present initiatives not currently being exploited by the current owners.

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FRANCHISE DETAILS

Aldes Focus

4 members
25 active mandates
Gauteng
282 Fremontia Street
0081

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