Fully describe the business's activities?
This is an aluminium and glass company specialising in the manufacturing and installing of â 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?
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?
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?
What is the annual escalation %?
What are the trading hours?
08h00 to 17h00
What is the square meters of the business?
600 square metres
Do you require a licence?
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?
How have they been valued ?
Balance sheet values
Are they presently insured?
Long established profitable business with good clients and prospects
More advertising and tendering on projects
Only the economy
What is the reason for the sale?
Owner wants to concentrate his efforts in his other business
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Annual Turnover Amount between R 500 thousand and R 6 million