Sectors / Category

Annual turnover

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  • Mandate: 27639
  • Added: 09 Oct 2018
  • AFS
  • 431

Plant Hire & Sale: Business

KwaZulu-Natal, North Coast
431
Mandate 27639
Added 09 Oct 2018
R 3,500,000* ZAR
Stock: R 0
Assets: R 3,500,000
R 98,872 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Key type of business in the area, Richards Bay is a building and industrial hub of South Africa. Expanding rapidly there will always be a market and need for plant hire equipment. Well established and well situated, all equipment is well maintained and always keeping up with the latest equipment for the market place. Staff are well trained and good customer relations.

SELLING PRICE AFS
R 3,500,000* ZAR
Stock: R0
Assets: R3,500,000
R 98,872 ZAR
Summary

Key type of business in the area, Richards Bay is a building and industrial hub of South Africa. Expanding rapidly there will always be a market and need for plant hire equipment. Well established and well situated, all equipment is well maintained and always keeping up with the latest equipment for the market place. Staff are well trained and good customer relations.

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Fully describe the business's activities?
Plant Hire & Sales, small to medium size plant

How long has the business been established?
Established 2005, 11 Years in business

How long has the owner had the business?
Since April 2012

How does the business operate on a daily basis?
Business is manager run, Owner of the business oversees the financial side of the business and does all the buying for the business, Business has 1 admin Lady

How are the clients attracted to the business?
Well established in the area and has a good name in the area for doing great business. Business is situated in prime location

What Advertising/Marketing is carried out?
Local News Paper & Brabys

Does the business have any contract work?
Very solid client base in place

What competition exists?
Two other simular plant hire businesses in the area.

What are the seasonal trends?
Directly linked to the economy and the building trade

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Up to Date

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

What Balance Sheet and Income Statements are available?
Up to Date

What percentage of the business is cash/credit?
30-40 % Accounts, the rest would be Credit Cards and small percentage of cash

What is the age analysis of the debtors book?
TBA

How could the profitability of the business be improved?
Current owner is very much focused on one of his key businesses and does not find the time to focus on the plant hire. New owner with more involvement will increase the profitability of the business. Representation on the road to call on existing and new clients will increase the profitability of the business.

Is Seller finance available and for what amount?
Yes seller will consider small 10 - 15 %

What is the total staff complement?
1 Owner, 1 admin Lady, 1 Workshop Manager, 1 Electrical Repair, 1 Mechanical Repair

Are they on contract?
Yes

Do any have management potential?
Yes Manager in place

How involved is the Owner in running the business?
25 %

When does the current lease end?
Current Owner owns the building, to be negotiated with the seller

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
8 %

What are the trading hours?
Mon - Fri 7am to 5pm Saturdays 7:30 to 10:30

What is the square meters of the business?
240 M2

Is a copy of the lease available?
Yes

Do you require a licence?
None

What lease deposit and/or other surety is required?
R 16 050,00

Are any items not included in the sale?
None

What is their overall condition?
Continues upgrading of equipment and Maintenance

Do any require repairing?
All been maintained by workshop

How have they been valued ?
Depreciation values by accountant

Which assets are on lease/HP and with whom?
None everything in the business is paid for cash

Are they presently insured?
Yes full comprehensive insurance in place.

Is a full asset list on file?
Yes

Strengths?
Key type of business in the area, Richards Bay is a building and industrial hub of South Africa. Expanding rapidly there will always be a market and need for plant hire equipment. Well established and well situated, all equipment is well maintained and always keeping up with the latest equipment for the market place. Staff are well trained and good customer relations.

Weaknesses?
Owner cant focus on the business as much as he would like to

Opportunities?
New owner that has hands on approach. This will create a immediate boost in the business. Rep on the road to service the existing client bas and new clients.

Threats?
No hands on element in the business, hence the seller selling

What is the reason for the sale?
Seller wants to focus on other key business

Why is this a good business?
Key type of business in the area, Richards Bay is a building and industrial hub of South Africa. Expanding rapidly there will always be a market and need for plant hire equipment. Well established and well situated, all equipment is well maintained and always keeping up with the latest equipment for the market place. Staff are well trained and good customer relations.

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FRANCHISE DETAILS

Aldes Zululand

2 members
28 active mandates
KwaZulu-Natal
28 Bronze Street
3880

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