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?
How long has the owner had the business?
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?
What VAT documentation is on file?
All documentation available to a serious buyer during due diligence
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
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?
What is the total staff complement?
Do any receive special perks or incentives?
All on yearly bonus
Are they on contract?
All have employment contracts
Do any have management potential?
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?
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?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
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?
Are they presently insured?
They provide 24 hr repair service and high quality service. Level 1 BBBEE Well known in the industry
Due to age the current owner does not have the energy to drive the business
Tender for government projects
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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Annual Turnover Amount between R 500 thousand and R 6 million