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Annual turnover

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  • Mandate: 33396
  • Added: 26 Aug 2019
  • AFS
  • 1056

Manufacturer of Glass Mosaic tiles and Supplier to the Wholesale market

Gauteng, Johannesburg
1056
Mandate 33396
Added 26 Aug 2019
R 4,200,000* ZAR
Stock: R 2,000,000
Assets: R 2,768,015
R 69,237 ZAR
Andre Botha
(PRINCIPAL)
Aldes Pro
Gauteng
Summary

This business manufactures and supplies Glass mosaic tiles to the wholesale market. It also supplies to certain Restaurant franchises for decoration purposes. Pool companies and others.

Manufacturer of Glass Mosaic tiles and Supplier to the Wholesale market
SELLING PRICE AFS
R 4,200,000* ZAR
Stock: R2,000,000
Assets: R2,768,015
R 69,237 ZAR
Summary

This business manufactures and supplies Glass mosaic tiles to the wholesale market. It also supplies to certain Restaurant franchises for decoration purposes. Pool companies and others.

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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?
2005

How long has the owner had the business?
2017

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?
February 2019

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?
No

What is the total staff complement?
21

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?
Daily

When does the current lease end?
2022

Is there an option of renewal & what period?
Yes for 5 years

What is the annual escalation %?
8%

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?
1200 sqm

Is a copy of the lease available?
Yes it is

Do you require a licence?
No

What lease deposit and/or other surety is required?
2 months

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?
Good

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?
PABX system

What are their settlement amounts?
TBA

Are they presently insured?
Yes they are.

Strengths?
The Business can customize product according to its customers needs. It is the only local manufacturer of Mosaic

Weaknesses?
The Building Industry has an influence on this type of business

Opportunities?
To import related products from current suppliers. To do additional marketing To open up to the end user market

Threats?
None perceived

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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FRANCHISE DETAILS

Aldes Pro

3 members
27 active mandates
Gauteng
Malcolm Road
0000

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