Fully describe the business's activities?
This is a plant that manufactures Glass MOSAIC tiles. It is said that this factory is the only one in the Country that manufactures this product locally. All other Glass mosaic tiles are imported. The Business does however import certain related product from China.
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 Business purchases the raw material, some locally and others are imported which is a certain type of glass as well as the related product that is needed in the manufacturing process. It then cuts the product to size, colors it and sends it through a heating process to cure the various products groups needed to manufacturer a mosaic tile. Tiles can be custom made i.t.o of size and coloring according to the customers needs. It has a rep on the road visiting architects and other wholesalers that might use this product. There are various catalogs within the business that is used for marketing purposes as there are many shapes, sizes and colors available in this Industry.
How are the clients attracted to the business?
Sales Rep Catalogs Web site
What Advertising/Marketing is carried out?
Web site The seller is also personally involved in building a customer base.
Does the business have any contract work?
No, but in negotiation with a larger retail group and Pool company to supply their stores.
What competition exists?
There are several suppliers of this product but they are imported whilst these are locally designed and manufactured
What are the seasonal trends?
Business is generally quiet in December, January and starts picking up in February
Is the business VAT Registered?
Yes they are
What VAT documentation is on file?
All up to date
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
5% cash and the rest on credit.
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
One could import other related products.
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
Various as part of the manufacturing process.
Are they on contract?
Yes they are.
Do any have management potential?
To an extent but the business does need owner involvement.
How involved is the Owner in running the business?
When does the current lease end?
Is there an option of renewal & what period?
Yes for 5 years
What is the annual escalation %?
What are the trading hours?
7 to 5 from Monday to Thursday, and 7 to 1,30 on Friday
What is the square meters of the business?
Is a copy of the lease available?
Yes it is
Do you require a licence?
What lease deposit and/or other surety is required?
What are the main assets of the business?
The baking ovens and the Vehicles
Are any items not included in the sale?
The owners vehicle is excluded which is currently in the PTY
What is their overall condition?
Do any require repairing?
no, just general maintenance.
How have they been valued ?
By the accountant
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Are they presently insured?
Yes they are.
The Business can customize product according to its customers needs. It is the only local manufacturer of Mosaic
The Building Industry has an influence on this type of business
To import related products from current suppliers. To do additional marketing To open up to the end user market
What is the reason for the sale?
The owner has another business on which he wishes to focus.
Why is this a good business?
What is the price plus stock and the profit?
R5m including stock of R2m
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