Sectors / Category

Annual turnover

|
  • Mandate: 34339
  • Added: 02 Jan 2021
  • AFS
  • 193

Sales and installation of windows and doors

KwaZulu-Natal, KwaZulu-Natal Midlands
193
Mandate 34339
Added 02 Jan 2021
R 550,000* ZAR
Stock: R 417,780
Assets: R 36,245
R -22,951 ZAR
John Londal
(PRINCIPAL)
Aldes Accolade
KwaZulu-Natal
KwaZulu-Natal
Summary

Retails windows and doors for the building industry. Installs and services aluminium windows and doors. Installs garage doors with automation.

Sales and installation of windows and doors
SELLING PRICE AFS
R 550,000* ZAR
Stock: R417,780
Assets: R36,245
R -22,951 ZAR
Summary

Retails windows and doors for the building industry. Installs and services aluminium windows and doors. Installs garage doors with automation.

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Fully describe the business's activities?
Sale of windows and doors for the building industry. Fitting and servicing of aluminium windows and doors. Fitting and automation of garage doors.

How long has the business been established?
24 years

How long has the owner had the business?
24 years

How does the business operate on a daily basis?
The business has a retail outlet in the CBD. Teams install and service windows and doors.

How are the clients attracted to the business?
Web/word of mouth/ passing traffic

What Advertising/Marketing is carried out?
Web/social media/newspapers

Does the business have any contract work?
No

What competition exists?
There are other businesses in the same field

What are the seasonal trends?
Low in first quarter of year and high in the last quarter

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All VAT documentation is on file and available to qualified buyers

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

What Balance Sheet and Income Statements are available?
Annual financial statements (AFS) for year ended February 2021. The figures in the financial report have been extracted from the AFS and adjusted for Owner's drawings and non cash expenses

What percentage of the business is cash/credit?
About 75% cash/credit card

How could the profitability of the business be improved?
Better advertising. Manufacture of aluminium windows and doors in house.

What is the total staff complement?
12

Give a breakdown of staff/ functions/ length of service?
x3 office staff x4 fitters x1 bookkeeper x1 cleaner x3 workshop

Do any receive special perks or incentives?
No

Are they on contract?
Letters of appointment

Do any have management potential?
Yes

How involved is the Owner in running the business?
The Owner has to split his time between this business and another business interest.

When does the current lease end?
31 December 2024

Is there an option of renewal & what period?
Yes - 3 years

What is the annual escalation %?
8%

What are the trading hours?
Mondays to Fridays 08h00 - 16h30 Saturdays 08h30 - 11h30

What is the square meters of the business?
652 Sq Mt

Is a copy of the lease available?
Yes

Do you require a licence?
No

What are the main assets of the business?
Vehicles, computer equipment and workshop tools

Are any items not included in the sale?
No.

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
By the Owner

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

Are they presently insured?
Yes

Strengths?
Excellent reputation. Long established business. Loyal clientele. Long serving skilled staff.

Weaknesses?
Not enough advertising

Opportunities?
In house manufacturing of aluminium doors and windows

Threats?
New entrants in the market

What is the reason for the sale?
The Owner has another business interest that requires more commitment from him.

Why is this a good business?
A well established profitable business with some niche products.

What is the price plus stock and the profit?
Price R132,220 + stock R417,780 = total price R550,000.

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AGENCY DETAILS

Aldes Accolade

2 members
7 mandates
KwaZulu-Natal
8 St Michaels Road, Hilton
3245

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