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Annual turnover

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  • Mandate: 33621
  • Added: 24 Jul 2020
  • AFS
  • 463

Aluminium and glass company specialising in manufacturing and installation

Gauteng, Johannesburg
463
Mandate 33621
Added 24 Jul 2020
R 7,800,000* ZAR
Stock: R 500,000
Assets: R 316,363
R 312,032 ZAR
Malcolm Keevy
(PRINCIPAL)
Aldes Elite
Gauteng, Sandton
Gauteng, Sandton
Summary

Aluminium and glass company which specializes in manufacturing and installing of – Framed or Frameless, Shop fronts, Windows, Hinged Doors, Pivot Doors, Sliding Folding Doors, Sliding Stacking Doors, Patio Doors, Skylights and Showers.

SELLING PRICE AFS
R 7,800,000* ZAR
Stock: R500,000
Assets: R316,363
R 312,032 ZAR
Summary

Aluminium and glass company which specializes in manufacturing and installing of – Framed or Frameless, Shop fronts, Windows, Hinged Doors, Pivot Doors, Sliding Folding Doors, Sliding Stacking Doors, Patio Doors, Skylights and Showers.

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Fully describe the business's activities?
This is an aluminium and glass company specialising in the manufacturing and installing of – Framed or Frameless, Shop fronts, Windows, Hinged Doors, Pivot Doors, Sliding Folding Doors, Sliding Stacking Doors, Patio Doors, Skylights and Showers. With over 19 years experience, and being involved in residential and commercial projects all over South Africa and abroad, offering excellent workmanship and reliable service all the timn using only quality products and with the assistance of computer software to calculate prices that are most competitive in the market place. With residential and corporate clients

How long has the owner had the business?
Since 2006

How does the business operate on a daily basis?
The client base ranges across various industries catering for everyone from residential level all the way to major listed corporations. They go out of their way to ensure that regardless of the scope of work that all the fabricated items are of the highest quality.

How are the clients attracted to the business?
They have a website and Face Book, however a large portion of business comes from corporate clients for various size projects, they have an excellent reputation for the quality and installation of their products

Does the business have any contract work?
Yes, they enter into contracts for large projects

What competition exists?
There are other players in the market

Is the business VAT Registered?
Yes

What VAT documentation is on file?
These will be made available during a due diligence

Are there up-to-date Management Accounts available?
Yes to Feb 2020

What Balance Sheet and Income Statements are available?
AFS available to Feb 2019

What percentage of the business is cash/credit?
Normally 50% deposit, 35% prior to installation, 15% on completion

What is the total staff complement?
There is a manager in place plus 10 staff and the owner

Do any have management potential?
There is a manager in place

How involved is the Owner in running the business?
The owner spends about 8 hours a week on the business

When does the current lease end?
To be confirmed

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
Normally 10%

What are the trading hours?
08h00 to 17h00

What is the square meters of the business?
600 square metres

Do you require a licence?
No

What lease deposit and/or other surety is required?
Should be 1 month deposit and first months rent

What are the main assets of the business?
Mainly vehicles and equipment

Are any items not included in the sale?
No all included, except personal vehicles

What is their overall condition?
Good working order

Do any require repairing?
Normal maintenance

How have they been valued ?
Balance sheet values

Are they presently insured?
Yes

Strengths?
Long established profitable business with good clients and prospects

Weaknesses?
None known

Opportunities?
More advertising and tendering on projects

Threats?
Only the economy

What is the reason for the sale?
Owner wants to concentrate his efforts in his other business

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FRANCHISE DETAILS

Aldes Elite

1 members
8 active mandates
Gauteng , Sandton
11 Rockleigh 14 Chrysler Street Woodmead 2191
Sandton
4285

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