Sectors / Category

Annual turnover

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  • Mandate: 34304
  • Added: 27 Jan 2021
  • AFS
  • 343

Security business in the Free State

Free State, Bethlehem
343
Mandate 34304
Added 27 Jan 2021
R 4,620,000* ZAR
Stock: R 0
Assets: R 1,512,619
R 46,099 ZAR
Pierre De Klerk
(PRINCIPAL)
Aldes Bloemfontein
Free State, Bloemfontein
Free State, Bloemfontein
Summary

Security business  in the Free State
SELLING PRICE AFS
R 4,620,000* ZAR
Stock: R0
Assets: R1,512,619
R 46,099 ZAR
Summary

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How long has the business been established?
The business has been established in 2011 Business registered as a Close Corporation

How long has the owner had the business?
The owner has the business since 2011

How are the clients attracted to the business?
Clients are attracted to the business using social media as well as media groups

What Advertising/Marketing is carried out?
The business is located in a well known area

Does the business have any contract work?
Yes, 30 day contracts with the clients with +- 800 clients

How did the Covid-19 pandemic impact the business turnover / daily operations?
We are an essential service, therefore we can operate anytime with not much restriction.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
We sanitize the 24hr control room, the office, and the reaction vehicles regularly. We also provide personnel with masks and sanitizer

Is the business VAT Registered?
Yes the business is registered for VAT

What VAT documentation is on file?
Yes, documentation available on request

Are there up-to-date Management Accounts available?
Yes, management accounts are available on request

What Balance Sheet and Income Statements are available?
Yes, statements are available on request

What percentage of the business is cash/credit?
30 days accounts

Is Seller finance available and for what amount?
No

What is the total staff complement?
20 permanently appointed staff members

Give a breakdown of staff/ functions/ length of service?
Technical personnel Admin personnel Reaction personnel General personnel

Do any receive special perks or incentives?
No

Are they on contract?
Yes they are on contract

Do any have management potential?
No

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

Any special arrangements for the staff related to the Covid-19 pandemic?
We sanitize the 24hr control room, the office, and the reaction vehicles regularly. We also provide personnel with masks and sanitizer

When does the current lease end?
The lease end in 2025

Is there an option of renewal & what period?
Yes renewal option is available

What is the annual escalation %?
7% escalation annually

What are the trading hours?
24 Hours

Is a copy of the lease available?
Yes a copy is available on request

Do you require a licence?
No

What lease deposit and/or other surety is required?
No deposit required

What are the main assets of the business?
Vehicles / Technical & Equipment are the main assets

Are any items not included in the sale?
No

What is their overall condition?
Good

Do any require repairing?
No repairing needed

How have they been valued ?
R2 000 000.00 Insurance Value

Which assets are on lease/HP and with whom?
No

Strengths?
As an essential service, we can operate anytime, with no big impact on the financial side. Our business have been in business for 10 years and sell top quality products which we can give excellent after sales service on.

Weaknesses?
The company is only BEE compliant level 4

Opportunities?
There is a huge opportunity for expansion of the business in surrounding areas.

Threats?
“Fly by night” companies and non-registered individuals who install security products. They ask much lower prices for services rendered, although, this can also be seen as a strength for the company.

What is the reason for the sale?
Other business interest.

Why is this a good business?
In South Africa, security will always be in demand and the demand will grow because of all the crime and corruption. Things are not getting better, only worse.

What is the price plus stock and the profit?
R4 200 000.00 - Selling price R 420 000.00 - Commission R4 620 000.00 - TOTAL SELLING PRICE

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FRANCHISE DETAILS

Aldes Bloemfontein

2 members
12 active mandates
Free State , Bloemfontein
Street
Bloemfontein
9701

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