Sectors / Category

Annual turnover

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  • Mandate: 33089
  • Added: 27 May 2019
  • AFS
  • 477

Supply, Service, and Installation of Fire and Irrigation Sprinkler Systems

Gauteng, Johannesburg
477
Mandate 33089
Added 27 May 2019
R 2,230,000* ZAR
Stock: R 30,000
Assets: R 277,999
R 76,033 ZAR
Stan Moran
(PRINCIPAL)
Aldes Ace
Gauteng
Summary

Well established with all the required registrations and trained staff to supply, install and maintain sprinkler systems throughout Gauteng. Small staff requiring minimal supervision and low overheads.

Supply, Service, and Installation of Fire and Irrigation Sprinkler Systems
SELLING PRICE AFS
R 2,230,000* ZAR
Stock: R30,000
Assets: R277,999
R 76,033 ZAR
Summary

Well established with all the required registrations and trained staff to supply, install and maintain sprinkler systems throughout Gauteng. Small staff requiring minimal supervision and low overheads.

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Fully describe the business's activities?
Fire sprinkler systems supply and installation Fire equipment supply and installation Irrigation equipment supply and installation Service of all of above

How long has the business been established?
14 years

How long has the owner had the business?
3 years

How does the business operate on a daily basis?
Manager run with owner giving oversight only

How are the clients attracted to the business?
Regular client base of property managers, developers. Referrals due to integrity, honesty and service excellence. Listed as qualified installers with ASIB (Automatic Sprinkler Inspection Bureau (Pty) Ltd) SABS Approved SAQCC listed

What Advertising/Marketing is carried out?
Facebook, word of mouth and formal listings by above official bodies

Does the business have any contract work?
No

What competition exists?
Various competitors

What are the seasonal trends?
No seasonal trends. Service annually is a statutory requirement

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All on file with the seller

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

What Balance Sheet and Income Statements are available?
All up to 2019 are available

What percentage of the business is cash/credit?
Bulk is by EFT with very small amount in cash

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

How could the profitability of the business be improved?
Start advertising Set up a web site Hire a sales representative to bring in new business

Is Seller finance available and for what amount?
No

What is the ROI (return on investment)
40.9% last year

What is the payback period?
29 months based on last year's figures

What is the total staff complement?
8 including domestic and owner's wife

Give a breakdown of staff/ functions/ length of service?
1 manager 1 bookkeeper 5 technicians 1 assistant technician

Do any receive special perks or incentives?
13th cheque in December

Are they on contract?
Only 1 is

Do any have management potential?
Yes

How involved is the Owner in running the business?
Oversight only

When does the current lease end?
June 2020

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
10% if renewed

What are the trading hours?
08h00 to 16h30 Mon to Fri

What is the square meters of the business?
Office 40 sqm Store 20 sqm

Who is the Owner/Landlord?
Blairvest CC

Is a copy of the lease available?
Yes

Do you require a licence?
Yes. Business is holder of SABS and ASIB licences

What lease deposit and/or other surety is required?
Current lease deposit is R9000

What are the main assets of the business?
Motor vehicles, equipment used for cutting, threading etc of pipes, office furniture

Are any items not included in the sale?
No

What is their overall condition?
Well looked after

Do any require repairing?
No

How have they been valued ?
Cost

Which assets are on lease/HP and with whom?
Vehicle 1 Wesbank Vehicle 2 Ford Credit

What are their settlement amounts?
Vehicle 1 R25,000 Vehicle 2 R205,000

Will Seller settle or Buyer to take over?
Buyer to take over

Are copies of agreements available?
Yes

Are they presently insured?
Yes

Strengths?
Set client base of property managers Well established and known within the industry Business is manager run and all technical staff are in place

Weaknesses?
Unable to take on big projects

Opportunities?
There is an overwhelming demand Expand current service offering

Threats?
Unregistered and not approved fly by night cutting corners and offering cheaper services

What is the reason for the sale?
Owner is emigrating

Why is this a good business?
Well established, with excellent reputation within the industry Bank of Lisbon building fire has highlighted the responsibility of directors and owners of properties to be fire safety compliant

What is the price plus stock and the net profit?
Price is R2.2m plus R30k stock Net profit last year R912k

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FRANCHISE DETAILS

Aldes Ace

1 members
5 active mandates
Gauteng
6 Nightingale Road, Atlasville
1459

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