Sectors / Category

Annual turnover

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  • Mandate: 33244
  • Added: 26 Nov 2019
  • AFS
  • 664

Designer and Manufacturer of Awnings ,Blinds and Carports

KwaZulu-Natal, Durban
664
Mandate 33244
Added 26 Nov 2019
R 1,495,000* ZAR
Stock: R 100,000
Assets: R 400,000
R 52,288 ZAR
Nic Nortje
(PRINCIPAL)
Aldes Prestige
KwaZulu-Natal, Hillcrest
KwaZulu-Natal, Hillcrest
Summary

Designer and Manufacturer of Awnings ,Blinds and Carports
SELLING PRICE AFS
R 1,495,000* ZAR
Stock: R100,000
Assets: R400,000
R 52,288 ZAR
Summary

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Fully describe the business's activities?
This business specialises in the design, construction and installation of Awnings, Blinds and Carports.

How long has the business been established?
Since 1979

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

How are the clients attracted to the business?
The business utilises referrals and their website .

Does the business have any contract work?
No contract work .

What competition exists?
There are two known competitors in the City .

What are the seasonal trends?
Sales generally take an upswing during the summer months .

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

What VAT documentation is on file?
All VAT documentation are on file and will be readily available at a due diligence stage .

Are there up-to-date Management Accounts available?
Monthly Management Accounts up to February 2019 are available .

What Balance Sheet and Income Statements are available?
AFS 2017 and 2018 are presently available .

What percentage of the business is cash/credit?
50/50

Is Seller finance available and for what amount?
No seller finance is available .

What is the total staff complement?
10 Staff .

Do any receive special perks or incentives?
No perks or incentives presently apply .

Are they on contract?
Yes all on contract.

How involved is the Owner in running the business?
The owner is full time involved in the business .

When does the current lease end?
The business owner also owns the property and the following options are available to the prospect : 1) Monthly rental at R12000.00 on lease terms to be discussed or 2) Purchase the property outright for R1,4M

Is there an option of renewal & what period?
To be discussed .

What is the annual escalation %?
To be discussed .

What are the trading hours?
Monday to Friday 7AM to 4:30PM

What is the square meters of the business?
300SQM

What lease deposit and/or other surety is required?
To be discussed .

What are the main assets of the business?
2 Vehicles ,Welding Machinery and Office equipment . A full asset list is on file .

Are any items not included in the sale?
The owners 2 personal vehicles are not included .

What is their overall condition?
All in reasonably good condition .

Do any require repairing?
None require repairing presently .

How have they been valued ?
Assets have been valued at replacement value.

Strengths?
40 years in business . Skilled and loyal staff. Sound controls and positive cash flow .

What is the reason for the sale?
The owner wishes to retire .

Why is this a good business?
Small and manageable business with good growth potential

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FRANCHISE DETAILS

Aldes Prestige

2 members
8 active mandates
KwaZulu-Natal , Hillcrest
4 Plantations 47 Shongweni Road
Hillcrest
4016

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