Fully describe the business's activities?
The business was established in 1985 and has since built a reputation of reliability and quality of products and service amongst its clients and in the industry. Products available is Fire detection, Electronic security systems, Fire Fighting equipment, fire pump systems, and training. Services offered is emergency services and repairs, maintenance and installations Company The company credited by SABS, FDIA<SAQCC, FFTA, CIDB, and Merseta certificated Technical staff is all qualified.
How long has the business been established?
The owner established the business in 1985 This business consists of two Companies. The one company do the work The second Holds the assets that are rented by the working company.
How long has the owner had the business?
Started the Business in 1985
How does the business operate on a daily basis?
A management team the operate daily manage daily operations
How are the clients attracted to the business?
This business is very well known through out the industry.
What Advertising/Marketing is carried out?
None The have a web site, but word of mouth and 30 years of experiences and trade in this market ,bring in a lot of clients.
Does the business have any contract work?
Yes, with university , Provincial government, Transnet and a few others. Contract are for two years and have been done by this business for years.
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Latest ending 28/2/2019, in pastel format
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
Mostly EFT transactions
What is the age analysis of the debtors book?
Majority payment are in 30 days
How could the profitability of the business be improved?
More marketing. The company have the capability to take on more business.
What is the total staff complement?
The total staff complement is 49.
Give a breakdown of staff/ functions/ length of service?
The staff complement concise of cleaners, managers,Assistant managers,Technicians,Book keeper,Telephonist and office staff.
Do any receive special perks or incentives?
Only a 13 th salary tjek
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
When does the current lease end?
Owned by the owner
What are the trading hours?
Work starts at 7:15 ending at 4:30
What is the square meters of the business?
Estimated at 2000 sqm
Do you require a licence?
Yes,all are in place.
What are the main assets of the business?
A completed list is availible Assets is paid up. The selling price includes stock worth R1 500 000.00
Are any items not included in the sale?
Sold lock stock and barrel.
What is their overall condition?
Good and well maintained
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
Are they presently insured?
This business is regulated by Laws and have build up a very good reputations in the market. Client base is established over 30 Years. Contracts with esteemed Company are in Place. Well established business structure and work flow management is in Place
None we Can see
National regulating laws creates a lot of Growth opportunities. This needs to be tapped in.
None we can perceive.
What is the reason for the sale?
The seller is at retirement age.
Why is this a good business?
Very good business with a good track record and build up over 30 years..
What is the price plus stock and the profit?
Selling Price R16 500 000.00 Stock R 1 500 000 Assets R2 730 775 Profits R 7 372 366
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