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Annual turnover

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  • Mandate: 33414
  • Added: 13 Sep 2019
  • AFS
  • 647

Design, Manufacture, Fitting and Exporter of Accessories for Off-road and Over-Land vehicles

Gauteng, Johannesburg
647
Mandate 33414
Added 13 Sep 2019
R 8,420,000* ZAR
Stock: R 1,400,000
Assets: R 500,000
R 244,486 ZAR
Andre Botha
(PRINCIPAL)
Aldes Pro
Gauteng
Summary

An opportunity that does not come along often. This Business owns most of the supply chain when it comes to Off-road and Over-land vehicles Accessories. It has major growth opportunities in the pipeline with regards to Exports, which will be of major benefit to the new owner. It's customer base consist of the High end consumer market as well as the customer that wishes to use his vehicle on a day to day basis but needs certain comforts when he wants to do a trip to the bush over weekends or holidays To top it all, it has major EXPORT Markets to 5 other destinations such as Australia, UK, US and others, as well as distribution into Africa. The total Business staff compliment consist of the Owner, admin and two fitters.

Design, Manufacture, Fitting and Exporter of Accessories for Off-road and Over-Land vehicles
SELLING PRICE AFS
R 8,420,000* ZAR
Stock: R1,400,000
Assets: R500,000
R 244,486 ZAR
Summary

An opportunity that does not come along often. This Business owns most of the supply chain when it comes to Off-road and Over-land vehicles Accessories. It has major growth opportunities in the pipeline with regards to Exports, which will be of major benefit to the new owner. It's customer base consist of the High end consumer market as well as the customer that wishes to use his vehicle on a day to day basis but needs certain comforts when he wants to do a trip to the bush over weekends or holidays To top it all, it has major EXPORT Markets to 5 other destinations such as Australia, UK, US and others, as well as distribution into Africa. The total Business staff compliment consist of the Owner, admin and two fitters.

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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 4×4 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?
Since 2003

How long has the owner had the business?
Since 2007

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?
No

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?
Yes

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?
Yes

What Balance Sheet and Income Statements are available?
February 2019

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?
No

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?
Yes

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?
2020

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

What is the annual escalation %?
8%

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?
No

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?
Very good

Are they presently insured?
Yes they are insured

Strengths?
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

Weaknesses?
None

Opportunities?
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.

Threats?
None perceived

What is the reason for the sale?
Possible emigration

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.

FRANCHISE DETAILS

Aldes Pro

2 members
20 active mandates
Gauteng
Malcolm Road
0000

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