Sectors / Category

Annual turnover

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  • Mandate: 33395
  • Added: 08 Oct 2019
  • AFS
  • 91

Business in northern suburbs that design, supply and install lightsfittings for the home industry

Gauteng, Johannesburg
91
Mandate 33395
Added 08 Oct 2019
R 2,100,000* ZAR
Stock: R 1,320,000
Assets: R 127,000
R 57,752 ZAR
Louis Aucamp
Aldes Pro
Gauteng
Summary

Well established Lighting Company for sale. Established 19+ years, this lighting company offers an an unmatched selection of locally and imported lights as well as a vast variety of electrical components. They also manufacture and custom design light fittings to client specifications. Since the arrival of LED lighting in South Africa this company has been at the fore-front of lighting design using LED technology. The company operates from their showroom in the northern suburbs, where they have occupied the same premises for the past 15 years.

SELLING PRICE AFS
R 2,100,000* ZAR
Stock: R1,320,000
Assets: R127,000
R 57,752 ZAR
Summary

Well established Lighting Company for sale. Established 19+ years, this lighting company offers an an unmatched selection of locally and imported lights as well as a vast variety of electrical components. They also manufacture and custom design light fittings to client specifications. Since the arrival of LED lighting in South Africa this company has been at the fore-front of lighting design using LED technology. The company operates from their showroom in the northern suburbs, where they have occupied the same premises for the past 15 years.

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Fully describe the business's activities?
Well established Lighting Company for sale. Established 19+ years, this lighting company offers an an unmatched selection of locally and imported lights as well as a vast variety of electrical components. They also manufacture and custom design light fittings to client specifications. Since the arrival of LED lighting in South Africa this company has been at the fore-front of lighting design using LED technology. The company operates from their showroom in the northern suburbs, where they have occupied the same premises for the past 15 years.

How long has the business been established?
2000

How long has the owner had the business?
2003

How are the clients attracted to the business?
Word of mouth

What Advertising/Marketing is carried out?
Only has a website

Does the business have any contract work?
No contract work

What are the seasonal trends?
December is normally a slow month. Other holiday are good months

Is the business VAT Registered?
Yes

What VAT documentation is on file?
VAT is up to date

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

What Balance Sheet and Income Statements are available?
Available to serious buyers

What percentage of the business is cash/credit?
20% is cash business

What is the age analysis of the debtors book?
50% paid on order and 50% on delivery

How could the profitability of the business be improved?
Additional marketing.

Is Seller finance available and for what amount?
No

What is the total staff complement?
2 plus owner

Give a breakdown of staff/ functions/ length of service?
Sales = 16 years sales = 4 years

Do any receive special perks or incentives?
no special perks

How involved is the Owner in running the business?
Owner is running the business on a full time basis

When does the current lease end?
2022 with option to renew. Has been operating from this premises for last 19 years

Is there an option of renewal & what period?
yes 3 years

What is the annual escalation %?
8%

What are the trading hours?
Mon to Fr - 8.00 to 17.00 Sat - 9.00 to 14.00

What is the square meters of the business?
296m2

Who is the Owner/Landlord?
Minoan capital rental

Is a copy of the lease available?
Yes

Do you require a licence?
No special license needed for trading

What lease deposit and/or other surety is required?
1 months lease

What are the main assets of the business?
One np 200 bukkie fully paid and value R85000.00. COMPUTERS value about R26000.00 printers 3x value R7000.00 total. tables and cupboards R2000.00 1x generator R7000.00

What is their overall condition?
Good

Do any require repairing?
only normal wear and tear maintenance

How have they been valued ?
owner valuation

Are they presently insured?
Yes business is insured.

Strengths?
Good quality and loyal staff Well known in the industry for quality service

Weaknesses?
Do not do any active marketing

Opportunities?
finding new markets by active marketing

Threats?
Current economy and political turmoil in south africa

What is the reason for the sale?
Owner wants to retire

Why is this a good business?
Solid business that is well know in the industry with constant income. They have a loyal customer base.

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FRANCHISE DETAILS

Aldes Pro

2 members
23 active mandates
Gauteng
Malcolm Road
0000

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