Fully describe the business's activities?
The business project manage your property security installations end-to-end, ensuring you get the best value for your money from your providers.The business also install integrated security alarms, cameraâs and CCTV and connect it to your alarm company of choice. The business also provide all kinds of trellis gates ,electrified clear bars and shutters .
How long has the business been established?
The business has been established since 2005
How long has the owner had the business?
How are the clients attracted to the business?
Clients are attracted to the business mainly by word of mouth and because they are agents of 3 major suppliers , all leads are funneled to the business
What Advertising/Marketing is carried out?
Facebook , Instagram and google optimization advertising
Does the business have any contract work?
No,the business have no formal contract work.
What competition exists?
The biggest competition is Trellidor
What are the seasonal trends?
From mid December to mid January the business close( due to the holiday season) and therefor the sales for the said two months are lower than the rest of the year.
Is the business VAT Registered?
Yes , the business is VAT registered
What VAT documentation is on file?
All VAT documentation will be made available during the due diligent
Are there up-to-date Management Accounts available?
Yes , up to date Management Accounts are available
What Balance Sheet and Income Statements are available?
28 February 2019
What percentage of the business is cash/credit?
How could the profitability of the business be improved?
Profitability could improve by increasing the Sales by appointing more Sales Staff .
Is Seller finance available and for what amount?
No Seller finance is available
What is the total staff complement?
Paarl = 3 Vredenburg = 5
Do any receive special perks or incentives?
Incentive bonuses at owner's discretion are paid out to staff .
Are they on contract?
Yes , they are on contract
Do any have management potential?
How involved is the Owner in running the business?
The Owner is involved on a full time daily basis in the running of the business
When does the current lease end?
The property in Vredenburg is owned by the company and the one in Paarl is rented - includes a large 3 bedroom house with garage and flatlet
What are the trading hours?
The trading hours are from 8H00 till 17H00 Mondays till Fridays
Is a copy of the lease available?
Yes , a copy of the lease for the Paarl-branch is available
Do you require a licence?
Yes , Private Security Industry Regulatory Authority - PSiRA
What lease deposit and/or other surety is required?
Yes , a one month lease deposit for the Paarl branch is required
What are the main assets of the business?
Building in Vredenburg of 160 square meters 6 x branded motor vehicles Tools and showroom stock Agency agreements
Are any items not included in the sale?
No , all items are included in the sale
What is their overall condition?
The overall condition of the assets are good
Do any require repairing?
No repairing is required.
How have they been valued ?
Municipal valuation for the fixed property and trade-in value for the vehicles .
Will Seller settle or Buyer to take over?
The Seller will settle all outstanding leases , bonds
Are they presently insured?
Yes ,all assets are presently insured
Well established business with good reputation and agency agreements of quality products in place
No weaknesses are perceived
Great opportunity to expand the installation of alarms leg of the business and growing the "new" Paarl branch (which includes the fast-growing Winelands area).
The normal treats associated with the security solution industry
What is the reason for the sale?
The owner is considering to emigrate
Why is this a good business?
This is a well know ,established and profitable business with an extremely good reputation. Strong relationships exist with major retailers. The business has well experienced staff with management in place. The security industry shows no sign of abating.
What is the price plus stock and the profit?
The price of the business , including the fixed property in Vredenburg , is R 3 895 000 with a annual Net Profit (EBITDA) of more than a million rand.
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