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Annual turnover

  • Mandate: 33989
  • Added: 04 May 2020
  • AFS
  • 6181

Online Meat Distributor

Gauteng, Johannesburg
Mandate 33989
Added 04 May 2020
R 14,250,000* ZAR
Stock: R 750,000
Assets: R 4,616,683
R 427,954 ZAR
Chris Ferguson
Aldes Infinity
Gauteng, Midrand
Gauteng, Midrand

Meat Distributor

Online Meat Distributor
R 14,250,000* ZAR
Stock: R750,000
Assets: R4,616,683
R 427,954 ZAR

Meat Distributor

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Fully describe the business's activities?
A popular, fast-growing meat distribution factory focusing on meat deboning, portioning, production and blending that is dedicated to supplying single origin, traceable and ethically farmed meat to restaurants, hotels, catering companies, lodges, and corporates. The business is also a wholesale factory outlet for the public to order meat conveniently via email, according to their specification and collected at their factory, ensuring all meat requirements are met.

How long has the business been established?
7 years

How long has the owner had the business?
7 years

How does the business operate on a daily basis?
The business operates from a centralised and easily accessible depot with the admin and sales staff administering from the same office building. The meat for distribution is stored at the depot in large walk in refrigerators and all orders are dispatched from the depot to clients through the use of refrigerated delivery trucks on a daily basis.

How are the clients attracted to the business?
Word of mouth Online Marketing

What Advertising/Marketing is carried out?
Website Vehicle Branding

Does the business have any contract work?
No contract work

What competition exists?
Abattoirs supplying meat directly Local butchers

What are the seasonal trends?
October/ November busiest months of the year. From a product range, Lamb & Duck very popular in Winter, and Beef sales definitely increase in the Spring and Summer periods. Chicken and Pork are consistent throughout the year.

How did the Covid-19 pandemic impact the business turnover / daily operations?
Due to all restaurants having to cease operations during the lockdown, the business was impacted and saw a decline in orders and sales. However, new avenues of income were generated due to the rapid changes in needs seen in consumers. This resulted in continued operations during the lockdown period.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Fixed costs in the business were re-evaluated and where possible, trimmed. Clients with long payment terms were relooked and renegotiated in order to ensure payment terms were more realistic for the business.

Is the business VAT Registered?
Yes, will be made available during the Due Diligence

What VAT documentation is on file?
Yes, will be made available during the Due Diligence

Are there up-to-date Management Accounts available?
Yes, will be made available during the Due Diligence

What Balance Sheet and Income Statements are available?
Yes, will be made available during the Due Diligence

What percentage of the business is cash/credit?
80% Credit / 20% Cash

How could the profitability of the business be improved?
Networking with more Abattoirs in assisting them with distribution

Is Seller finance available and for what amount?
No seller finance availible

What is the total staff complement?
19 staff members

Give a breakdown of staff/ functions/ length of service?
Will be made available during the Due Diligence

Are they on contract?
Yes, will be made available during the Due Diligence

How involved is the Owner in running the business?
The business owner is fully involved with the business daily.

When does the current lease end?
Will be made available during the Due Diligence

Is there an option of renewal & what period?

What is the annual escalation %?

Who is the Owner/Landlord?
Will be made available during the Due Diligence

Is a copy of the lease available?
Yes,Will be made available during the Due Diligence

Do you require a licence?
There are food regulation certificates / licenses required for the facility as well as each vehicle.

What lease deposit and/or other surety is required?

What are the main assets of the business?
Vehicles and equipment

Are any items not included in the sale?
2 Vehicles being used by the owners

What is their overall condition?
Good working order

Do any require repairing?

Which assets are on lease/HP and with whom?

What are their settlement amounts?
Will be disclosed during Due Diligence

Will Seller settle or Buyer to take over?
Seller will settle all asset finance

Are copies of agreements available?
Yes, Will be disclosed during Due Diligence

Are they presently insured?
Yes all are insured

Large client base Fast growing network Online growth

Low barrier to entry Competition

Online growth and marketing Partnering with smaller businesses

Economy Meat deceases

What is the reason for the sale?
Business owners wishes to pursue other business opportunities

Why is this a good business?
The business has great potential to grow with the online market, smaller competition experiencing cashflow problems in the current economy. This could lead to an increase in market share.

What is the price plus stock and the profit?
R14,250,000.00 (incl R750,000 stock) R5,135,444.00 net profit

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