Sectors / Category

Annual turnover

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  • Mandate: 31902
  • Added: 09 Mar 2020
  • AFS
  • 785

Scrap Metal, Specialized Welding Supplies & Gas Business

KwaZulu-Natal, North Coast
785
Mandate 31902
Added 09 Mar 2020
R 6,000,000* ZAR
Stock: R 500,000
Assets: R 1,000,000
R 159,199 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Well established scrap metal business situated very central to suppliers and customers. Solid market related prices offered attracting customers in the area. Business trades in specialized welding supplies, equipment and gas. Staff are well strained and management in place, business showing good solid returns and a steady growth.

Scrap Metal, Specialized Welding Supplies & Gas Business
SELLING PRICE AFS
R 6,000,000* ZAR
Stock: R500,000
Assets: R1,000,000
R 159,199 ZAR
Summary

Well established scrap metal business situated very central to suppliers and customers. Solid market related prices offered attracting customers in the area. Business trades in specialized welding supplies, equipment and gas. Staff are well strained and management in place, business showing good solid returns and a steady growth.

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Fully describe the business's activities?
Merchant of scrap metals, supplier of specialized welding supplies and LPG Gas

How long has the business been established?
Established 1994 - 25 years

How long has the owner had the business?
Since 2003 - 16 years

How does the business operate on a daily basis?
Manager in place to open and run the business, owner oversees the financial side of the business and places orders for stock. Staff in place controlling stock and maintaining the general running of the business

How are the clients attracted to the business?
Business has been established for many years attracting clients from the surrounding area.

What Advertising/Marketing is carried out?
Well established and on-going relationship, clients are offered good market related priced for their scrap metals. Word of mouth, business deals with traders and brokers.

Does the business have any contract work?
None

What competition exists?
There are other dealers in the area however not as established and central as this business.

What are the seasonal trends?
Constant throughout the year.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Up to Date, available to serious enquiries during due diligence stages.

Are there up-to-date Management Accounts available?
Up to Date and available

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

What percentage of the business is cash/credit?
95 % Electronic, 5% Cash

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

How could the profitability of the business be improved?
Business has been showing a solid growth, very much market related business, geared to the economy. Stock control and sorting of product will increase the Nett profits. Better Cash flow & exporting to the direct market.

Is Seller finance available and for what amount?
Seller will consider a small percentage 10-15% over a short term 12 - 18 Months.

What is the total staff complement?
16 Staff excluding owner

Give a breakdown of staff/ functions/ length of service?
1 Manager, 1 Admin & 14 staff

Are they on contract?
Yes

Do any have management potential?
Already in place

How involved is the Owner in running the business?
30% of the time.

When does the current lease end?
March 2020

Is there an option of renewal & what period?
Yes a further 3 years available

What is the annual escalation %?
8 %

What are the trading hours?
Monday - Friday 7:30 - 16:00 Saturday 7:30 - 12:00

What is the square meters of the business?
1400 sqm

Is a copy of the lease available?
Yes

Do you require a licence?
Second Hands Goods & Recycling licence

What lease deposit and/or other surety is required?
1 months rental R 12 000.00

What are the main assets of the business?
Excavators, bale press, weigh bridge & small vehicles.

Are any items not included in the sale?
All included as per assets register.

What is their overall condition?
All well kept and maintained - working condition.

How have they been valued ?
Depreciated market related values.

Which assets are on lease/HP and with whom?
Doosan excavator & Bale press

What are their settlement amounts?
Excavator R 800 000.00 & Bale Press R 500 000.00

Will Seller settle or Buyer to take over?
To be negotiated and discussed depending om the structure of the transaction.

Are copies of agreements available?
Yes

Are they presently insured?
Full comprehensive insurance in place.

Strengths?
Business has been established well and been trading for 20 years plus, solid management team in place, showing steady growth and solid Nett profits, well situated and accessible, solid network in place with current suppliers and clients.

Weaknesses?
Need cashflow and steel market price related.

Opportunities?
Impliment better cash flow & Supply to the direct market for higher Nett profits.

Threats?
Business is directly related to the economy.

What is the reason for the sale?
Seller is moving into another business sector.

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FRANCHISE DETAILS

Aldes Zululand

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

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