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Annual turnover

  • Mandate: 32972
  • Added: 10 Jul 2019
  • AFS
  • 58

Established and Profitable Bakery and Deli Equipment Sales and Repair business .

Eastern Cape, Port Elizabeth
Mandate 32972
Added 10 Jul 2019
R 2,550,000* ZAR
Stock: R 50,000
Assets: R 545,956
R 113,571 ZAR
Willem Smuts
Aldes Algoa
Eastern Cape
Eastern Cape

Established for 21 years, 80 % market share and profitable Bakery and Deli equipment Sales and repairs business for sale. This business generated a proceeds of income in excess of R 1 360 000 for the 12 month period 1 March 2018 to 28 February 2019. This business is the preferred dealer of 80% of the supermarkets in the Eastern Cape and is priced to sell.

R 2,550,000* ZAR
Stock: R50,000
Assets: R545,956
R 113,571 ZAR

Established for 21 years, 80 % market share and profitable Bakery and Deli equipment Sales and repairs business for sale. This business generated a proceeds of income in excess of R 1 360 000 for the 12 month period 1 March 2018 to 28 February 2019. This business is the preferred dealer of 80% of the supermarkets in the Eastern Cape and is priced to sell.

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Fully describe the business's activities?
This business specializes in the retail, installation, and maintenance of bakery and deli equipment used by the retail sector such as Pick n Pay, Spars, Checkers etc. This business has the exclusive right for the installation of a very popular brand factory equipment They boast with a 80% market share and serve the industry from corner to corner in the Eastern Cape

How long has the business been established?
The business has been in operation since 1997

How long has the owner had the business?
The owner started the business.

How does the business operate on a daily basis?
The business specializes in the sales of a very well known brand of equipment , and service to all makes of equipment in the deli and bakery industry

How are the clients attracted to the business?
The business does its marketing through the distribution centers of the retail brand and marketing directly to retail outlets and shops.

What Advertising/Marketing is carried out?
The business is marketed by the suppliers of the equipment and is a preferred service supplier to many of the well known brand makes.

Does the business have any contract work?
No contract work but preferred supplier to majority of retailers and hardware suppliers

What competition exists?
Very limited competition from other suppliers. the business boasts with a 80% market share.

What are the seasonal trends?
Consistent sales and income throughout the year.

Is the business VAT Registered?
Yes, the business is VAT registered.

What VAT documentation is on file?
Every Bi-monthly VAT Return as required by SARS

Are there up-to-date Management Accounts available?
Yes, up to date management accounts available.

What Balance Sheet and Income Statements are available?
Annual Financial Statements for every financial year will be made available to qualified buyers during a due -diligence process.

What percentage of the business is cash/credit?
80% of business is on account. strict control if kept over the debtors ledger and a strict policy of 30 days from Statement is applied.

What is the age analysis of the debtors book?
Very few customers over 30 days from Statement. acceptions are made on re-arrangement with clients.

How could the profitability of the business be improved?
A web site and representative on the road making frequent calls to supermarkets could be an option.

Is Seller finance available and for what amount?
Not available.

What is the total staff complement?
The business employs: 4 technicians 1 secretary 1 general assistant Certain repairs are outsourced to subcontractors.

Give a breakdown of staff/ functions/ length of service?
To be Advised

Do any receive special perks or incentives?
To be advised

Are they on contract?
All staff on Permanent Employment Contract

Do any have management potential?
The technicians all have excellent managerial potential. They do call outs, deliveries and installations.

How involved is the Owner in running the business?
The owner is 80 % involved in the business.

When does the current lease end?
The owner of the business is also the owner of the premises. the premises is not included in the sale but can be negotiated with the owner.

Is there an option of renewal & what period?
A new lease contract with an option to renew will be negotiated with the owner.

What is the annual escalation %?
to be negotiated with the owner.

What are the trading hours?
The official trading hours is 8 am till 5 pm Monday to Fridays, but 24 hour standby service is available.

What is the square meters of the business?
To be advised

Who is the Owner/Landlord?
The landlord is the owner of the business.

Is a copy of the lease available?
A new lease will be negotiated and copy given to the new owner of the business.

Do you require a licence?
No licence is required.

What lease deposit and/or other surety is required?
to be negotiated with the landlord.

What are the main assets of the business?
The main assets of the business is the dedicated staff and the Goodwill developed by the business. The material assets of vehicles, equipment ,furniture and fittings are listed on the asset list available to qualified buyers.

Are any items not included in the sale?
all items on the list are included in the sale.

What is their overall condition?
Excellent working condition.

Do any require repairing?
No repairs required at this stage.

How have they been valued ?
The vehicles have been valued by the insurers and the remaining assets at a realistic market related price.

Which assets are on lease/HP and with whom?
All assets and equipment are fully paid up.

Are they presently insured?
all assets and equipment are fully insured.

Well established business running since 1997. Very profitable. Dominant market share in the industry. Will always be a demand for its products and services. Have good working relationships with al major retail brands.

Limited competition by smaller suppliers most sales on credit basis.

Opportunity to buy into an established business. sales can be increased by offering wider product range . Web site , rep on the road and broachers could have a positive impact on the business.

The possibility of greater competition can not be excluded.

What is the reason for the sale?
The owner wishes to retire

Why is this a good business?
This business is well established, highly profitable and priced to sell with a Return on Investment in excess of 60%.

What is the price plus stock and the net profit?
The asking price of the business is R 2 500 000 and the business has made a profit of R 1 364 000 for the 12 month period 1 March 2018 to 28 February 2019.

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16 Frykenhuis Street, Summerstrand

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