Fully describe the business's activities?
The Business manufacture and installs a wide variety of steel gates, fences & security perimeter components, custom made to customer specification/design. Product range is suited for the home owner, body corporate, schools as well as commercial and industrial clients. They also do installations and maintenance of gate motors and automation, intercom systems, CCTV, electric fencing, locks, etc.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
The office responds to quotes received via telephone and web. If quotes are accepted, the orders are processed and required stock ordered as per job reference/order number. Products are manufactured to spec. They also offer the option to spray paint and powder /epoxy coating of all products. Finished product then gets delivered or installed by the installation teams. We also respond to calls with regards to the maintenance of gate motors, automation, intercoms, etc.
How are the clients attracted to the business?
Inquiries comes from the website, word of mouth and local papers and magazines.
What Advertising/Marketing is carried out?
Services are advertised on their web site and they also advertise in local newspapers and magazines.
What are the seasonal trends?
Business slows down during winter due to rain, as well as December/January due to industry festive season shut down.
Is the business VAT Registered?
What VAT documentation is on file?
Up to date
Are there up-to-date Management Accounts available?
Yes - monthly sheets also available.
What Balance Sheet and Income Statements are available?
All statements are up do date and available.
How could the profitability of the business be improved?
Sales can be improved by employing sales reps to service the market more efficiently, as well as exploring new markets with contractors and construction companies.
What is the total staff complement?
6 Permanent. 4 Casuals on adhoc basis.
Give a breakdown of staff/ functions/ length of service?
Perm: 1x Receptionist/admin (1yr) 1x Workshop supervisor (5yr) 2x Welders(4yr/1yr) 1x Driver/installation 1x Electronic technician Casuals: 1x Site supervisor/driver 1x Spray-painter 1x Labourer
How involved is the Owner in running the business?
The owner is full time involved in the day to day running of the business and does all the quotations and managerial functions of the business.
When does the current lease end?
Is there an option of renewal & what period?
Yes - to be negotiated
What are the trading hours?
07h45-17h00 Mon-Thu 07H45-15H00 Fri
What is the square meters of the business?
Is a copy of the lease available?
What are the main assets of the business?
Welding equipment & vehicles.
What is their overall condition?
Fair wear and tear.
How have they been valued ?
Owners valuation. Fair market value.
Which assets are on lease/HP and with whom?
2018 Nissan NP200 bakkie on lease with Nissan Finance(Wesbank Finance)
Will Seller settle or Buyer to take over?
The members interest to be sold. Thus the business / buyer will take it over.
Are they presently insured?
The Business is well established and has a very good reputation for quality products and good service.
The business will benefit from an extensive advertising/marketing drive. The business is limited due to not having sales representatives assisting with sales and quotations.
The product range and service can be expanded. Sales representative can be employed to increase sales. The demand for housing in Western Cape is increasing and development in area offer the opportunity to promote products and services to developers.
What is the reason for the sale?
The current owner bought the business 11 months ago. He came from a retailing background within the FMCG market. He would like to explore other opportunities
What is the price plus stock and the net profit?
The business is well established and profitable with an excellent reputation in the industry. The business will benefit from a fresh, enthusiastic approach, with a good knowledge about the steel industry.
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Annual Turnover Amount between R 500 thousand and R 6 million