Fully describe the business's activities?
This company designs and manufactures a wide range of products for the off-road vehicle industry. Their range of Canopies, Drawer systems, Rooftop Tents, Roof Racks, Rack accessories, Awnings and a wide range of vehicle specific Accessories has been designed to suit most of the popular 4Ã4 vehicles in the market. The company distributes to numerous independent and franchised stores both countrywide and abroad as well as providing a sales and fitment service direct to the end user. It has representation in 5 countries abroad, as well as a supply lines to several African Countries
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 specializes in the conversion of 4x4 vehicles for Outdoor/ Camping purposes. It designs and manufactures Accessories through a number of sub-contracted companies, and these accessories are either distributed or fitted on site. Each of these designs is stored and supported in the following document categories; Full product 3D modelled assembly; Parts drawings, manufacturing procedure drawings; and fitment instructions.
How are the clients attracted to the business?
Innovative designs End to end solution offered One stop shop with personalized service.
What Advertising/Marketing is carried out?
Google ads Word of Mouth Newsletter to a large database accumulated over the years.
Does the business have any contract work?
What competition exists?
There is one major competitor in the market with the others offering smaller product ranges.
What are the seasonal trends?
The periods before Easter and Christmas are usually busier.
Is the business VAT Registered?
What VAT documentation is on file?
All are up to date with a current Tax Compliance certificate.
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
Mostly cash with a very small debtors book.
How could the profitability of the business be improved?
By adding additional focus to untapped markets in Europe, South America and the USA
Is Seller finance available and for what amount?
What is the total staff complement?
5, Including the Owner.
Give a breakdown of staff/ functions/ length of service?
Four permanent staff members and 1 cleaner. Most of the manufacturing is subcontracted.
Are they on contract?
How involved is the Owner in running the business?
Very involved with designing of product and day to day Management.
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?
Monday to Thursday from 07h30 - 16h30 Friday 07h30 - 14h00
What is the square meters of the business?
Just over 800 sqm
Is a copy of the lease available?
Yes it is available.
Do you require a licence?
What lease deposit and/or other surety is required?
2 months rental
What are the main assets of the business?
A 4x4 LDV Hilux D/Cab vehicle that is fitted with many of the accessories that the business offers for exhibition purposes. Various other types of tooling and equipment. Computer and telephone equipment Furniture 2 Post hoist and 3 phase compressor IP which consist of the various designs used for the manufacturing of the product.
Are any items not included in the sale?
All are included
What is their overall condition?
Are they presently insured?
Yes they are insured
Well diversified in its Industry Well established in SA as well as other countries Good quality range Strong Intellectual property, in terms of designs, innovations etc etc. Excellent profits Very low staff complement
Untapped oversees markets to be discussed with qualified buyers. BEE Benefits, should a new owner wish to look at such opportunities. Small debtors book as most clients pay COD.
What is the reason for the sale?
Why is this a good business?
The business has built up a good customer base over the years, and it is well positioned in a market that keeps on growing. Margins are good. The staff complement is small, loyal and well remunerated. No Debt, negligible debtors.
What is the price plus stock and the profit?
R8,420m which includes stock of R1,4m.
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