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Annual turnover

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  • Mandate: 34014
  • Added: 14 Jul 2020
  • AFS
  • 143

Powder Coating, Sandblasting & Steel Fabrication Business in Garden Route.

Western Cape, Garden Route
143
Mandate 34014
Added 14 Jul 2020
R 1,550,000* ZAR
Stock: R 50,000
Assets: R 1,000,000
R 50,428 ZAR
Noel Heath
(PRINCIPAL)
Aldes Triumph
Western Cape
Western Cape
Summary

Powder Coating, Sandblasting & Steel Fabrication business based in a popular holiday town of the Garden Route. Ideal business for a person with metal trade experience who wishes to be independent while at the same time live in tranquil coastal surrounds. A profitable operation with a sound and well maintained asset base. Established many years ago and trading profitable ever since, this business has very limited competition, being the only powder coating and sandblasting company within a 100km radius. A profitable opportunity that is not often available.

SELLING PRICE AFS
R 1,550,000* ZAR
Stock: R50,000
Assets: R1,000,000
R 50,428 ZAR
Summary

Powder Coating, Sandblasting & Steel Fabrication business based in a popular holiday town of the Garden Route. Ideal business for a person with metal trade experience who wishes to be independent while at the same time live in tranquil coastal surrounds. A profitable operation with a sound and well maintained asset base. Established many years ago and trading profitable ever since, this business has very limited competition, being the only powder coating and sandblasting company within a 100km radius. A profitable opportunity that is not often available.

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Fully describe the business's activities?
Sand-blasting, Powder-coating and Metal Work

How long has the business been established?
16 years

How long has the owner had the business?
13 Years

How are the clients attracted to the business?
Word of Mouth

What Advertising/Marketing is carried out?
None

Does the business have any contract work?
No

What competition exists?
The closest-powder coating is over 100Km away Closest sand-blasting over 100Km away There are a few other places locally that do only metal work in the area

What are the seasonal trends?
The busiest period is September through to December The business closes over the builders holidays Mid December to Mid January

Is the business VAT Registered?
Yes

What VAT documentation is on file?
As required

What Balance Sheet and Income Statements are available?
As required

What percentage of the business is cash/credit?
Cash business

How could the profitability of the business be improved?
By relocating to smaller premises More active marketing

What is the total staff complement?
5

Give a breakdown of staff/ functions/ length of service?
Welders, Powder-Coaters and Sandblasters Welders assistant Staff service length vary from 10 years for one of the Welders to 3 years

Are they on contract?
Employed

How involved is the Owner in running the business?
On a daily operational and general management function

When does the current lease end?
The Seller will negotiate a lease with the Buyer

Is there an option of renewal & what period?
Subject to negotiation

What are the trading hours?
Trading Hours are: Monday to Thursday: 07-00 to 16-00 Fridays: 07-00 to 13-00

What is the square meters of the business?
400 sq m ground floor workshop 140 sq m mezzanine 160 sq m outdoors

Who is the Owner/Landlord?
1 Months rental

Is a copy of the lease available?
A lease will be drawn up. The Seller owns the building and therefore is prepared to offer the Buyer a favourable rental to assist with his initial cash flow requirement. A 5 year lease with an option for an additional 5 years will be offered.

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

Are any items not included in the sale?
The vehicles are not included in the same unless by separate negotiation. There is a substantial asset base and the Seller will ensure that assets to the second hand value of R1 Mill are included.

What is their overall condition?
In good working order

Do any require repairing?
No

How have they been valued ?
Owners second hand valuation

Which assets are on lease/HP and with whom?
N/A

Are they presently insured?
Yes

Strengths?
Constant work flow, and adaptable to customers requirements There is no other business within 100kms doing some of the work that they do The Seller owns the building and as such is prepared to offer the Buyer a favourable rental to assist with their cash flow for the initial period and to ensure that the tenant trades profitably There are various facets to the business, each with their owner specific customer requirements. Well known with the region as established for many years Business has been profitable year on year and lucrative for the current Owner

Weaknesses?
No obvious weaknesses

Opportunities?
Additional focused marketing would assist with growth of the various categories in which they operate. Become a depot for galvanising as no one within 100+ km Registered as trailer builders but have not exploited this opportunity although potential is there.

Threats?
There are no obvious threats to this business by a dedicated and focused Owner as it has traded profitably year on year.

What is the reason for the sale?
The Owner and his wife are still young and feel that they need to travel for the next few years.

Why is this a good business?
This business has little and no competition within certain categories that they trade in. A one stop shop for metal work and related services, sand blasting, powder coating and offer galvanising but sent out to be completed by a third party The asset base of this business is exceptionally good as the Seller has maintained the equipment well, and ensured that equipment used is of a high standard. The business has traded profitably for many years and has very little competition and in some categories none at all. The Seller owns the building and is prepared to offer a very attractive lease, as it is in his interest to ensure that a suitable Buyer trades profitably. He wishes to spend a few years traveling and may even emigrate and will sign a restraint of trade that he will not be any threat to the Buyer.

What is the price plus stock and the profit?
Stock in region of R50K Average Monthly Profit of R 50,000 can be earned after Owner draws a substantial salary. Selling Price: R1, 500,000...which includes a substantial and well maintained asset base of over R1 Million

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FRANCHISE DETAILS

Aldes Triumph

1 members
22 active mandates
Western Cape
8A Loerie Street, Bergsig
6529

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