Sectors / Category

Annual turnover

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  • Mandate: 32894
  • Added: 14 Nov 2019
  • AFS
  • 314

REDUCED TO SELL, NO JOINING FEE-Window supplier and fitment centre with a Franchise backing.

KwaZulu-Natal, North Coast
314
Mandate 32894
Added 14 Nov 2019
R 720,000* ZAR
Stock: R 200,000
Assets: R 369,000
R 15,558 ZAR
PG Beukes
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

This fitment centre focus not only on car windows but also any aluminium frames, security gates, gate motors and Garage doors. Business is well established, quality & service excellence is the key to the success of this business. Trained staff in place all systems in place for a turnkey operation. No joining fee applicable already included within the selling price.

REDUCED TO SELL, NO JOINING FEE-Window supplier and fitment centre with a Franchise backing.
SELLING PRICE AFS
R 720,000* ZAR
Stock: R200,000
Assets: R369,000
R 15,558 ZAR
Summary

This fitment centre focus not only on car windows but also any aluminium frames, security gates, gate motors and Garage doors. Business is well established, quality & service excellence is the key to the success of this business. Trained staff in place all systems in place for a turnkey operation. No joining fee applicable already included within the selling price.

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Fully describe the business's activities?
This business deals with windscreen repairs, windscreen replacements, windows, Aluminum frames, security gates, Electric motors for garage doors and gates.

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?
Mondays to Fridays 8am to 5pm, on Saturdays 8am to 1 pm

How are the clients attracted to the business?
This is a well established business with a good reputation. The current owners opened its door in 2001 and had it since. They are known for excellent service and walking the extra mile for their clients.

What Advertising/Marketing is carried out?
They are part of a National branded franchise. They are very involved with sponsored school sports days and fund raising events.. With their well known and established name, they focus a lot on giving back to the community.

What competition exists?
There are 2 competitors in town.

What are the seasonal trends?
November to January there is a decline, but very consistent the other months.

Is the business VAT Registered?
YES

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

What Balance Sheet and Income Statements are available?
Balance sheet and management accounts are available on request during due diligence stages.

What percentage of the business is cash/credit?
80% eft and 20% Card

How could the profitability of the business be improved?
At the moment all the aluminum frames are being manufactured in a town 100km's away, this can be done in house with the space and staff already available. More emphasis can be put on the security doors and aluminum frames.

Is Seller finance available and for what amount?
Yes

What is the total staff complement?
8 Staff in total

Give a breakdown of staff/ functions/ length of service?
2 Reception ladies, 3 and 4 years of service... The one lady is a potential manager. 6 artisans

Are they on contract?
All permanent contracts yes

Do any have management potential?
Yes

How involved is the Owner in running the business?
90%

When does the current lease end?
Year to year lease agreement

Is there an option of renewal & what period?
Yes and time limit to be negotiated with landlord.

What are the main assets of the business?
Vehicle, Tools & Equipment, Office furniture & Equipment, Staff

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

What is their overall condition?
Excellent, well kept & maintained.

Do any require repairing?
All in working condition.

How have they been valued ?
Current market related values.

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

Strengths?
Well established, staff well trained, good product offering, service excellence & high quality of product, services in demand.

Weaknesses?
Owner run business.

Opportunities?
Placing a rep to call on existing and new clientelle.

Threats?
No direct threats known of.

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FRANCHISE DETAILS

Aldes Zululand

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

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