Sectors / Category

Annual turnover

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  • Mandate: 32729
  • Added: 14 May 2019
  • AFS
  • 272

Lawnmower, garden & swimming pool sales and services

KwaZulu-Natal, KwaZulu-Natal Midlands
272
Mandate 32729
Added 14 May 2019
R 6,559,772* ZAR
Stock: R 2,059,772
Assets: R 2,829,352
R 253,993 ZAR
John Londal
Aldes Accolade
KwaZulu-Natal
KwaZulu-Natal
Summary

A GOLDEN OPPORTUNITY - Located in a northern Kwa Zulu Natal town is a very well established, attractive and profitable lawnmower, garden and pool equipment retail shop specialising in brushcutters, chainsaws, generators, industrial and domestic power tools, water pumps and pool equipment.

SELLING PRICE AFS
R 6,559,772* ZAR
Stock: R2,059,772
Assets: R2,829,352
R 253,993 ZAR
Summary

A GOLDEN OPPORTUNITY - Located in a northern Kwa Zulu Natal town is a very well established, attractive and profitable lawnmower, garden and pool equipment retail shop specialising in brushcutters, chainsaws, generators, industrial and domestic power tools, water pumps and pool equipment.

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Fully describe the business's activities?
Plant hire, sales and service - specialists in brushcutters, chainsaws, generators, industrial and domestic power tools and water pumps. A supplier of pool equipment and chemicals.

How long has the business been established?
32 years

How long has the owner had the business?
32 years

How does the business operate on a daily basis?
The business is fully staffed with an organisational structure to ensure full responsibility and accountability for all aspects of the business.

How are the clients attracted to the business?
Word of mouth is a very strong draw card. Social media.

What Advertising/Marketing is carried out?
Local newspaper.

Does the business have any contract work?
No

What competition exists?
There are 2 hardware and lawnmower shops in the town but neither have the ranges of products and service facility.

What are the seasonal trends?
As with any garden and pool shop business is seasonal.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All VAT documentation is on file.

Are there up-to-date Management Accounts available?
There are up to date management accounts.

What Balance Sheet and Income Statements are available?
The annual financial statements for the year ended February 2018 are available to qualified buyers. The figures in the financial report have been extracted from these financials and adjusted for the owner's personal expenses and non-cash transactions.

What percentage of the business is cash/credit?
Approximately 76% cash and 24% credit.

What is the age analysis of the debtors book?
Approximately: 78% current. 14% 30 days. 8% 60 days and earlier.

How could the profitability of the business be improved?
Soliciting business from government departments and municipalities

Is Seller finance available and for what amount?
No

What is the total staff complement?
10 staff

Give a breakdown of staff/ functions/ length of service?
4 Workshop assistants - 3, 4, 11 & 13 years service. 1 Workshop Foreman - 19 years service. 1 Cleaner - 9 years service. 2 Counter sales - 13 & 19 years service. 1 Sales rep. - 21 years service. 1 Debtors clerk - 2 years service.

Do any receive special perks or incentives?
No

Are they on contract?
Letters of appointment

Do any have management potential?
Yes

How involved is the Owner in running the business?
The four members of the CC are fully involved in the day to day operation of the business.

When does the current lease end?
The property is owned by 2 members of the CC in their personal capacities. The business is charged a market related rental. There is the option to purchase the property.

What are the trading hours?
Mondays - Fridays 08h00 - 17h00 Saturdays - 08h00 - 12h00

What is the square meters of the business?
733 sq mts

Do you require a licence?
No

What are the main assets of the business?
Vehicles, electronic and electrical equipment, workshop equipment, showroom machines and investment.

Are any items not included in the sale?
One flat screen TV

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
By the Owners

Which assets are on lease/HP and with whom?
None

Are they presently insured?
Yes

Strengths?
Long established reputable business. Long serving skilled and competent staff. Recognised for it's excellent customer relationships. Excellent relationships with the suppliers of the branded products. Well located in the town with off street customer parking.

Weaknesses?
There are no perceived weaknesses in the business.

Opportunities?
Raise the level of BEE status to acquire government and municipal business.

Threats?
None perceived

What is the reason for the sale?
The members are approaching retirement age.

Why is this a good business?
This is a very profitable business with the potential to increase profitability.

What is the price plus stock and the profit?
Price R4.5m + stock R2,007m = R6.507m. Net profit R2.087m.

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AGENCY DETAILS

Aldes Accolade

2 members
8 mandates
KwaZulu-Natal
8 St Michaels Road, Hilton
3245

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