Sectors / Category

Annual turnover

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  • Mandate: 33687
  • Added: 25 Nov 2019
  • AFS
  • 1614

Well Established Paving and Construction Business

Western Cape, Helderberg & Winelands
1614
Mandate 33687
Added 25 Nov 2019
R 1,970,000* ZAR
Stock: R 20,000
Assets: R 300,000
R 65,670 ZAR
Chris Ferguson
(PRINCIPAL)
Aldes Infinity
Gauteng, Midrand
Gauteng, Midrand
Summary

Well Established Paving and Construction Business
SELLING PRICE AFS
R 1,970,000* ZAR
Stock: R20,000
Assets: R300,000
R 65,670 ZAR
Summary

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Fully describe the business's activities?
Supply and Installation of paving and minor construction work

How long has the business been established?
36 years

How long has the owner had the business?
36 years

How are the clients attracted to the business?
Word of Mouth, Google, establised clients and referals

What Advertising/Marketing is carried out?
Website and Yellow pages adds

Does the business have any contract work?
From Time to Time

What competition exists?
Other Paving Companies

What are the seasonal trends?
Winter and rain season is less busy

Is the business VAT Registered?
YES

What VAT documentation is on file?
VAT registration certificates and historic VAT submissions

Are there up-to-date Management Accounts available?
YES

What Balance Sheet and Income Statements are available?
2019 TAX YEAR

What percentage of the business is cash/credit?
100% CASH

How could the profitability of the business be improved?
Increase in Marketing and selecting the correct projects to take on

What is the total staff complement?
17

Give a breakdown of staff/ functions/ length of service?
2 Site managers 12 Pavers 1 Office manager

Do any receive special perks or incentives?
Site Managers 100% Life Insurance and 50% cell phone contract Office manager 50% medical insurance

Do any have management potential?
YES

How involved is the Owner in running the business?
Both owners involved

When does the current lease end?
Business owners own the premises

Is there an option of renewal & what period?
YES

What is the annual escalation %?
6%

What is the square meters of the business?
ERF 600sqm Floor 130sqm

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

What are the main assets of the business?
Vehicles, office eqiupment, tools

Are any items not included in the sale?
Building premises

What is their overall condition?
Good working condition

Which assets are on lease/HP and with whom?
Copier machine

What are their settlement amounts?
TBC

Are copies of agreements available?
YES

Are they presently insured?
YES

Strengths?
36 Years established and very well known in the market

Weaknesses?
Marketing

Opportunities?
Sourcing commercial projects and increase marketing spend

Threats?
Weather, competion and the economy

What is the reason for the sale?
Partners are ready to retire

Why is this a good business?
Its survived 36 years of topsy turvy economy and has always practised sincere workmanship

What is the price plus stock and the profit?
R1,970,000 INCL STOCK Profit R788,000

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FRANCHISE DETAILS

Aldes Infinity

1 members
11 active mandates
Gauteng , Midrand
No 10 MT Boreas Midlands Office Park Midstream 1692
Midrand

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