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Annual turnover

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  • Mandate: 33886
  • Added: 30 Mar 2020
  • AFS
  • 1166

Sports equipment manufacturer with strong market position

Gauteng, Centurion
1166
Mandate 33886
Added 30 Mar 2020
R 12,744,000* ZAR
Stock: R 1,800,000
Assets: R 2,456,500
R 405,640 ZAR
Peter Kind
(PRINCIPAL)
Aldes Platinum
Gauteng, Midrand
Gauteng, Midrand
Summary

Market leader in the manufacture and distribution of sports and timing equipment.

SELLING PRICE AFS
R 12,744,000* ZAR
Stock: R1,800,000
Assets: R2,456,500
R 405,640 ZAR
Summary

Market leader in the manufacture and distribution of sports and timing equipment.

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Fully describe the business's activities?
This business is the market leader in manufacturing and installing sports and athletics track and field equipment in Africa. They are a one stop shop for all sport apparatus, from soccer goal posts to hurdles, high jump mats to rugby posts, they make it all! They boast an impressive track record by supplying almost all of the track and field equipment for the world youth games.

How long has the business been established?
41 years

How long has the owner had the business?
26 years

What steps are in place to solve 'load shedding' problems?
Large generators

How does the business operate on a daily basis?
This company is briefed on the clients needs, these are then manufactured according to world ruling sport bodies specifications and supplied to the client.

How are the clients attracted to the business?
This company is well established with a strong market position and very well known for what they do. They are the go to company for most sport apparatus in Africa. Clients are attracted through their website, Facebook page, word of mouth but mostly through repeat business. They manufactured and supplied almost all of the equipment used at the youth world games.

What Advertising/Marketing is carried out?
They have a website and rely on well established relationships in the market. All equipment manufactured is branded with the company logo providing much exposure.

Does the business have any contract work?
Yes.

What competition exists?
Niche' market, no direct competition. A couple of companies import similar equipment but no real competitor in the manufacturing space.

What are the seasonal trends?
The company receives large contracts for regional and global sports events. Different sports - different seasons.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Vat returns

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

What Balance Sheet and Income Statements are available?
Current

What percentage of the business is cash/credit?
10% cash/90% credit

How could the profitability of the business be improved?
Better BEE status and an aggressive marketing strategy.

What is the total staff complement?
19 full time employees.

Give a breakdown of staff/ functions/ length of service?
All staff have been with the company for an extensive period.

Do any receive special perks or incentives?
Yes.

Do any have management potential?
Yes. One of the shareholders is willing to stay on in the business.

How involved is the Owner in running the business?
100%

When does the current lease end?
Seller owns the building. The building is also up for sale should a buyer be interested.

Is there an option of renewal & what period?
To be negotiated with seller.

What are the trading hours?
07h00 - 15h45, Mon - Fri.

Who is the Owner/Landlord?
Seller.

What are the main assets of the business?
Detailed asset list available. List includes but not limited to manufacturing equipment, vehicles, tools, forklift and office equipment.

What is their overall condition?
Very good.

Do any require repairing?
No.

How have they been valued ?
Owner valuation, market related.

Which assets are on lease/HP and with whom?
None.

Are they presently insured?
Fully insured.

Strengths?
Market leader, well established in the market. Experienced staff. Exports are US dollar based.

Weaknesses?
None perceived.

Opportunities?
Export market. Local government contracts.

Threats?
B-BBEE status.

What is the reason for the sale?
Majority shareholder is looking to retire. Minor shareholder looking to stay on in the business or sell depending on buyers preference.

Why is this a good business?
Well established, market leader with solid management structure with minor shareholder to stay on in the business. A strategic BEE partnership will see this business reach new heights.

What is the price plus stock and the profit?
R10 980 000-00 excluding stock. Stock R 2 200 000- 00. Building not included, building price =R7 000 000-00

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FRANCHISE DETAILS

Aldes Platinum

1 members
7 active mandates
Gauteng , Midrand
8 Baltoro Crescent Midstream Hill
Midrand
0157

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