Fully describe the business's activities?
The company specializes in the manufacturing of high quality custom build trailers for the transport of livestock, Agricultural industry, Recycling trailers, enclosed trailers , SAPS, medical transportation. They also manufacture custom steel works The company was started 15 Years ago with limited cash and only 1 staff member. I has been build into a company with 19 staff members which also exports to the neighboring African states.
How long has the business been established?
How long has the owner had the business?
Owner strated the business
What steps are in place to solve 'load shedding' problems?
There is a generator on the premises.
How does the business operate on a daily basis?
Owner will received request for a trailer. After consultation and approval of the workability of special features a design is put on paper. The owner will procure the necessary stock for manufacturing. The staff would build the trailer according to the design papers. Finished product will only be release on receipt of full payment. They also do maintenance on trailers.
How are the clients attracted to the business?
Social media, Internet and referral of existing clients
What Advertising/Marketing is carried out?
No specific advertising campaigns
Does the business have any contract work?
What competition exists?
There are various trailer building companies in South Africa
What are the seasonal trends?
June to August is slower months
Is the business VAT Registered?
What VAT documentation is on file?
All available to serious buyers
Are there up-to-date Management Accounts available?
Yes , only available to serious buyers
What Balance Sheet and Income Statements are available?
July 2019 available to serious buyers
What percentage of the business is cash/credit?
They do not sell on credit
How could the profitability of the business be improved?
Advertising and black owned business will get additional contracts from state deppartments
Is Seller finance available and for what amount?
What is the total staff complement?
Do any receive special perks or incentives?
Do get a bonus
Are they on contract?
Yes all are on contract
Do any have management potential?
How involved is the Owner in running the business?
100% on a daily basis
When does the current lease end?
Current property is owned by the owner. Property is also available to purchase as a separate transaction. Details available to serious buyers.
What are the trading hours?
Mon to Thu 07:00 - 17:00 Fri 07:00 - 12:00
What is the square meters of the business?
Workshops is 1200sqm
Who is the Owner/Landlord?
The owner of the business
Do you require a licence?
You need to be registered with NRCS, Mibco and SARS as a trailer manufacturer and exporter. The company is registered.
What lease deposit and/or other surety is required?
This needs to be negotiated with the current owners if the property is not bought as part of the deal. There is provision on the financials for monthly property rentals
What are the main assets of the business?
Machines and equipment. A detail list available to serious buyers
Are any items not included in the sale?
Private vehicle on the company books will not be sold .
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
Will Seller settle or Buyer to take over?
Seller will settle as part of sale agreement
Are they presently insured?
They produce quality product in a niche market. They have a large customer base who continues to buy from them Registered as exporters of custom build trailers
They are not BEE level 1 complient and looses out on goverment contracts
Large amount of contracts is available for BEE level 1 companies
What is the reason for the sale?
Owner whishes to retire and relocate
Why is this a good business?
They continue to produce good financial results even in the slow economy with a large return customer base for their quality products
What is the price plus stock and the profit?
The business is valued at R6 300 000 excluding stock. The current stock is valued at R1 200 000. The property of 3 hectares which includes the house where the current owner lives in is available for an additional R6 000 000.
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