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Annual turnover

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  • Mandate: 32727
  • Added: 06 Feb 2019
  • 180

Mango Achaar Distributers

Gauteng, Johannesburg
180
Mandate 32727
Added 06 Feb 2019
R 950,000* ZAR
Stock: R 120,000
Assets: R 100,000
R 38,306 ZAR
Kyle Chetty
(PRINCIPAL)
Aldes Prime
Gauteng
Summary

Large distributor of Mango Achaar in the south western region of Gauteng. Great potential for expansion.

Mango Achaar Distributers
SELLING PRICE
R 950,000* ZAR
Stock: R120,000
Assets: R100,000
R 38,306 ZAR
Summary

Large distributor of Mango Achaar in the south western region of Gauteng. Great potential for expansion.

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Fully describe the business's activities?
The company was started in 2014 with the sole focus of manufacturing and distributing mango achaar. The company operates from a warehouse where the methodology in production if performed and product is packed and ready for delivery to mainly butchers, cash and carries in the south and western parts of Gauteng.

How long has the business been established?
4 Years

How long has the owner had the business?
3 Years

How does the business operate on a daily basis?
Truckloads of Fresh Mangos are brought in. A team of 8 are responsible for converting the mangos into achaar. Once the process is complete the product is prepared and packaged for wholesale delivery to butchers, cash and carries.

How are the clients attracted to the business?
Through the network of the owners a sizeable customer base has been established over a 4 year period. The uniquely tasting product does attract customers by word of mouth. Most business is repeat business from existing customers.

What Advertising/Marketing is carried out?
The manager relies on word of mouth and seeks out new customers through existing customer expansion

Does the business have any contract work?
No physical contracts exist, however since the business started many customers have remained in existence since Tata Ma Achaar has been established.

What competition exists?
There are products that exist that are similar in nature.

What are the seasonal trends?
No Seasonal trends as there are mangos are in supply all year round.

Is the business VAT Registered?
No

What VAT documentation is on file?
No

Are there up-to-date Management Accounts available?
No

What Balance Sheet and Income Statements are available?
N/A

What percentage of the business is cash/credit?
80% Cash and 20% Credit

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

How could the profitability of the business be improved?
Increase customer footprint

Is Seller finance available and for what amount?
No

What is the total staff complement?
9

Give a breakdown of staff/ functions/ length of service?
6 X Workers 1 X Driver 1 X Assistant 1 X Manager All employees have been with the company since inception

Do any receive special perks or incentives?
Bonuses once a year

Are they on contract?
Yes

Do any have management potential?
Yes

How involved is the Owner in running the business?
Day to Day

When does the current lease end?
Month to Month

Is there an option of renewal & what period?
Yes, all is negotiable

What is the annual escalation %?
Negotiable

What are the trading hours?
7:30 – 16:30

What is the square meters of the business?
300sqm

Is a copy of the lease available?
N/A

Do you require a licence?
No

What lease deposit and/or other surety is required?
1 Months Rent Deposit

What are the main assets of the business?
- Delivery Vehicle - Tables - Large 200 litre drums - Flow bins - Scales

Are any items not included in the sale?
No

What is their overall condition?
Fair Wear and Tear

Do any require repairing?
No

How have they been valued ?
Market related value given by the owner

Which assets are on lease/HP and with whom?
Non

What are their settlement amounts?
N/A

Will Seller settle or Buyer to take over?
N/A

Are copies of agreements available?
N/A

Are they presently insured?
Non insured however there is a tracker on the vehicle

Strengths?
- Great tasting product - Attractive Name - Well packaged - Packaged in different volumes for versatile orders to customers

Weaknesses?
- Lack of advertising - No online presence - Distribution is narrow

Opportunities?
- Expansion in terms of reach to new locations/customers - Create and online presence to attract new customers - Create more brand awareness to increase sales

Threats?
- Many products of similar nature in existence

What is the reason for the sale?
Partners would like to venture into other opportunities

Why is this a good business?
Product is easy to manufacture, simplicity is key. The market for this product is huge in SA.

Other listings by Kyle
FRANCHISE DETAILS

Aldes Prime

1 members
1 active mandates
Gauteng
33 Park Lane Village, Parktown
2193

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