Sectors / Category

Annual turnover

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  • Mandate: 32580
  • Added: 22 Jul 2021
  • AFS
  • 215

Installation / maintenance of aluminum and glass doors - business

Gauteng, Johannesburg
215
Mandate 32580
Added 22 Jul 2021
R 11,500,000* ZAR
Stock: R 1,000,000
Assets: R 7,475,000
R 145,898 ZAR
Louis Aucamp
Aldes Pro
Gauteng
Summary

Level 1 BBBEE business They install and maintain all types of aluminium shop fronts and doors, window panels , man trap units and frameles doors. They work mainly in the corporate environment and are proud of a 24 hr repair service.

SELLING PRICE AFS
R 11,500,000* ZAR
Stock: R1,000,000
Assets: R7,475,000
R 145,898 ZAR
Summary

Level 1 BBBEE business They install and maintain all types of aluminium shop fronts and doors, window panels , man trap units and frameles doors. They work mainly in the corporate environment and are proud of a 24 hr repair service.

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Fully describe the business's activities?
They provide a 24hr service, 7 days a week, country wide on maintenance and new installations. Services include the following: 1. All types of glass replacements ( Low E, Solar efficient, Double Glazed) including glass fittings, brackets and balustrades. 2. Aluminium frames used as shop front doors, Stack-away doors, sliding doors, man trap units, high impact and bullet proof doors, to name a few. 3. Steel work for hand rails, palisades, burglar bars, roller shutter doors and stainless steel balustrades. 4. General contracting work which includes tiling, plumbing, painting, ceilings and dry walls. 5. Window tinting and blinds 6. Maintenance on locks, hinges handles, pivots, brackets, door parts, floor springs

How long has the business been established?
18 years

How long has the owner had the business?
18 Years

How does the business operate on a daily basis?
They repair and maintain installations on 24 hr basis. They tender and quote for new installation which are then installed according to their unique quality processes. They provide a 24hr warrantee on their workmanship. They are on the preferred supplier list of various corporations

How are the clients attracted to the business?
Word of mouth and quality service

What Advertising/Marketing is carried out?
No additional advertising

Does the business have any contract work?
They are the preferred suppliers of various corporations and goverment organisations

What competition exists?
There are other companies that does the same

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All documentation available to a serious buyer during due diligence

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

What Balance Sheet and Income Statements are available?
2020

What percentage of the business is cash/credit?
Mostly credit. They work with corporate clients No bad debts

What is the age analysis of the debtors book?
Between 30 and 60 days

How could the profitability of the business be improved?
To advertise and tender for government contracts. Negotiate better payment terms.

Is Seller finance available and for what amount?
No

What is the total staff complement?
60

Do any receive special perks or incentives?
All on yearly bonus

Are they on contract?
All have employment contracts

Do any have management potential?
No

How involved is the Owner in running the business?
He is running the business on a daily basis

When does the current lease end?
The current owner also owns the premises. The new owner would need to negotiate a lease agreement.

What are the trading hours?
They have 24hr response for repairs

What is the square meters of the business?
2500m2

Do you require a licence?
no special license

What lease deposit and/or other surety is required?
To be negotiated with the current owner

What are the main assets of the business?
Fittings, Vehicles, tools and machinery

Are any items not included in the sale?
Current owners vehicle, buildings and owners loan

What is their overall condition?
Good

Do any require repairing?
Normal maintenance

How have they been valued ?
Book value

Which assets are on lease/HP and with whom?
Vehicles

What are their settlement amounts?
Currently R 1 000 000

Will Seller settle or Buyer to take over?
Buyer to take over

Are copies of agreements available?
Yes

Are they presently insured?
yes

Strengths?
They provide 24 hr repair service and high quality service. Level 1 BBBEE Well known in the industry

Weaknesses?
Due to age the current owner does not have the energy to drive the business

Opportunities?
Tender for government projects

Threats?
Economy downturn

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

Why is this a good business?
A highly profitable business with a long track record of quality service and loyal customers. They only deal with corporate clients

What is the price plus stock and the profit?
The owner is selling 100% of the shares of the business. Total Capital needed R11 500 000 made up as follows. Business value - R8 000 000 Working Capital ( nett current assets ) - R3 500 000 Total capital may vary depending on the net current assets on day of take over.

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AGENCY DETAILS

Aldes Pro

3 members
26 mandates
Gauteng
Malcolm Road
0000

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