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Annual turnover

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  • Mandate: 33025
  • Added: 15 May 2019
  • AFS
  • 171

Importer and Manufacturer of Fitness Equipment

Gauteng, Johannesburg
171
Mandate 33025
Added 15 May 2019
R 4,000,000* ZAR
Stock: R 1,000,000
Assets: R 963,000
R 136,514 ZAR
Chris Ferguson
(PRINCIPAL)
Aldes Infinity
Gauteng, Fourways
Gauteng, Fourways
Summary

Fitness Manufacturer & Importer

Importer and Manufacturer of Fitness Equipment
SELLING PRICE AFS
R 4,000,000* ZAR
Stock: R1,000,000
Assets: R963,000
R 136,514 ZAR
Summary

Fitness Manufacturer & Importer

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Fully describe the business's activities?
The business started out with a focus on Body Composition Assessments, and later developed into importing and manufacturing fitness products

How long has the business been established?
The business was established in 2005

How long has the owner had the business?
The owner has been running the business from inception for 14 years.

What steps are in place to solve 'load shedding' problems?
The business owns 2 generators and forms part of the assets

How does the business operate on a daily basis?
The Company has well established business processes and utilises operational manuals and automated systems to ensure smooth day to day operations.

How are the clients attracted to the business?
The Company has established a very aggressive online marketing presence through its website and social media, this has resulted in a strong well known brand in the industry.

What Advertising/Marketing is carried out?
Google add campaigns Email campaigns Branded vehicles Social media presence

What are the seasonal trends?
School sports seasons- Very busy School Holidays - Less Busy

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Yes

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

What Balance Sheet and Income Statements are available?
Asset Register and up to date Management Accounts

How could the profitability of the business be improved?
Increased Marketing efforts Increased focus on R&D

What is the total staff complement?
18

Do any have management potential?
Yes

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

When does the current lease end?
Lease expires in 5 years

Is there an option of renewal & what period?
Yes for 5 years

What is the annual escalation %?
8%

What are the trading hours?
Monday- Friday 8:00-16:00

What is the square meters of the business?
1100 square meters

Who is the Owner/Landlord?
Family Trust

Is a copy of the lease available?
Yes

What are the main assets of the business?
Manufacturing Equipment Printing Equipment Office Equipment Motor vehicles

What is their overall condition?
good

Do any require repairing?
No

Are they presently insured?
Yes

Strengths?
Highly Price Competitive with high quality products Able to offer customer branded products Well managed with automated systems

Weaknesses?
Limited Marketing outside of online marketing Not Fully leveraging differentiators

Opportunities?
Increased marketing efforts Children division expansion R&D development

Threats?
Low cost opposition Exchange rates

What is the reason for the sale?
Emigration

Why is this a good business?
The business has build a strong brand in its industry together with professional systems to run the business effectively.

What is the price plus stock and the net profit?
R4,000,000 including stock net profit R1,671,000 per annum

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FRANCHISE DETAILS

Aldes Infinity

1 members
6 active mandates
Gauteng , Fourways
205 Revonia Road Morningside Sandton
Fourways

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