Fully describe the business's activities?
Manufacturing and packaging of essential food products and basic domestic supplies.
How long has the business been established?
This business was established in 1993 by the current owners.
How does the business operate on a daily basis?
The owners and management task daily production in the factory. All administration is handled in house by both owners and management staff. Orders are met and delivered to retail outlets throughout the country.
How are the clients attracted to the business?
The clients are large retailers who require these affordable products on their shelves.
What Advertising/Marketing is carried out?
Website, promotions & daily telephone calls to customers.
What competition exists?
There is another large competitor with similar products.
What are the seasonal trends?
The products produced by this factory are not seasonal products , they are everyday use products and therefore there are no seasonal trends.
How did the Covid-19 pandemic impact the business turnover / daily operations?
Manufacturing sales went up and this business has been fully operational since the pandemic.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Staff members are sanitized and temperatures are checked when entering the building.
Is the business VAT Registered?
Yes, this business is VAT registered.
What VAT documentation is on file?
All related documents & import vat.
Are there up-to-date Management Accounts available?
There are up-to-date Management Accounts available to approved buyers.
What Balance Sheet and Income Statements are available?
Balance Sheets and Income Statements for the past 5 years are available to approved buyers.
What percentage of the business is cash/credit?
Cash 5% and 95% credit. This business sells to large retailers.
How could the profitability of the business be improved?
The profitability can be improved by tendering for Government supply and thereby increasing production lines.
Is Seller finance available and for what amount?
No Seller finance is available.
What is the total staff complement?
There are a total of 35 staff members.
Give a breakdown of staff/ functions/ length of service?
A breakdown of staff, their functions and length of service will be given to buyers during the due diligence stage.
Do any receive special perks or incentives?
No, there are no special perks or incentives for staff.
Do any have management potential?
Yes, there is currently one existing manager in place and one staff member with management potential.
How involved is the Owner in running the business?
The owners are involved in running the business on a daily basis.
What hand-over period would the Seller be prepared to stay on for inorder to assist the Buyer?
The Seller would be prepared to stay for a hand-over period of 3 months in order to assist the Buyer.
Is there an option of renewal & what period?
The current lease can be renewed for a period of 2 to 5 years, according to the buyers request.
What is the annual escalation %?
In the current lease agreement the annual escalation is 10%, however this can be negotiated to a lower %.
What are the trading hours?
Trading hours are 07h00 - 17h00, Monday to Friday.
What is the square meters of the business?
The total of the business is 1186mÂ²
Is a copy of the lease available?
Yes, a copy of the lease agreement is available to approved buyers.
Do you require a licence?
A municipal fitness certificate is required and is renewed once a year.
What lease deposit and/or other surety is required?
According to the current rental agreement, 1 monthâs rent in advance.
What are the main assets of the business?
The main assets of this business are the Vehicles and the Factory Machinery & Equipment.
Are any items not included in the sale?
All assets on the asset register are included in the sale of this business.
What is their overall condition?
All assets are in good working order and are maintained on a regular basis.
How have they been valued ?
All assets are calculated at business value: between the replacement value and the new value, depending on the conditions and repairs required.
Which assets are on lease/HP and with whom?
There are no assets on lease or HP.
Are they presently insured?
All assets are insured.
Producing food commodity products, this family owned business has huge potential for further growth. Producing a well known Namibian brand, growing in sales year after year.
Sudden rise of raw material prices at certain times of the year.
Opportunities to extend production line.
What is the reason for the sale?
The owners would like to retire.
Why is this a good business?
This is a lucrative business in a fast growing market. Essential products produced and branded in Namibia, with a proven history of revenue growth year after year.
What is the price plus stock and the profit?
This business is selling at N$ 6,170,000.00, excluding a monthly stock holding of N$ 2,630,000.00. The annual net profit is N$ 2,416,000.00 EBIDTA.
Annual Turnover Amount between R 500 thousand and R 6 million