Sectors / Category

Annual turnover

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  • Mandate: 34473
  • Added: 29 Mar 2021
  • AFS
  • 265

Hardchrome planting, Engineering, Earthmoving Equipment, Hydraulic repair, Construction, Mining

Free State, Bloemfontein
265
Mandate 34473
Added 29 Mar 2021
R 7,700,000* ZAR
Stock: R 0
Assets: R 3,925,812
R 28,612 ZAR
Pierre De Klerk
(PRINCIPAL)
Aldes Bloemfontein
Free State, Bloemfontein
Free State, Bloemfontein
Summary

Hardchrome planting, Engineering, Earthmoving Equipment, Hydraulic repair, Construction, Mining
SELLING PRICE AFS
R 7,700,000* ZAR
Stock: R0
Assets: R3,925,812
R 28,612 ZAR
Summary

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Fully describe the business's activities?
Excellent client service in the construction industry and farming community. Harchrome planting, Hydraulic repairs and Engineering works. Own parts division, leading supplier, genuine and replacement products for earthmoving equipment brands. Agents for HIB, ELB Equipment, Skyjacks and Taillift Heavy Duty Earthmoving, 24/7 service, limiting downtime of equipment. Earthmoving, construction, mining and quarrying equipment.

How long has the business been established?
The business has been established in 1989

How long has the owner had the business?
The owner had the business since it was established

What steps are in place to solve 'load shedding' problems?
A generator has been installed.

How does the business operate on a daily basis?
Excellent client service in the construction industry and farming community. Harchrome planting, Hydraulic repairs and Engineering works. Own parts division, leading supplier, genuine and replacement products for earthmoving equipment brands. Agents for HIB, ELB Equipment, Skyjacks and Taillift Heavy Duty Earthmoving, 24/7 service, limiting downtime of equipment. Earthmoving, construction, mining and quarrying equipment.

How are the clients attracted to the business?
Existing contract already in place Word of mouth Website

Does the business have any contract work?
Yes, contract work signed up with our bisiness

What competition exists?
Various engineering work

How did the Covid-19 pandemic impact the business turnover / daily operations?
The business was only closed for April 2020 and was reopened the following month, under repair regarding essential construction services to be rendered

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

What VAT documentation is on file?
VAT documents available on request

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

What Balance Sheet and Income Statements are available?
Audited Financial Statements - February 2020

What percentage of the business is cash/credit?
60% Accounts - 40% Cash

What is the age analysis of the debtors book?
60 Days age analysis available on request 30 day on application

How could the profitability of the business be improved?
Profitability can be improved by adding more marketing for the business

Is Seller finance available and for what amount?
No seller finance available - Bond on Building

What is the total staff complement?
3 x Permanent employed staff members Manager / Owner

Give a breakdown of staff/ functions/ length of service?
Fitter & Turner General workers

Do any receive special perks or incentives?
No special perks

Are they on contract?
Yes, employees are contracted

Do any have management potential?
Yes

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

When does the current lease end?
Building owned by a Trust - notice from either owner or business

What are the trading hours?
Mondays - Fridays 08:00 - 17:00

What is the square meters of the business?
450 square meters

Do you require a licence?
No licence is required

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

What are the main assets of the business?
The building and machinery

Are any items not included in the sale?
No

What is their overall condition?
All is in a very good condition

Do any require repairing?
No repairing is needed

How have they been valued ?
Yes, owner valuated

Which assets are on lease/HP and with whom?
Isuzu LWB (2019)

What are their settlement amounts?
Settle amount R250 000.00

Will Seller settle or Buyer to take over?
Buyer will take over

Are copies of agreements available?
Yes copies are available on request

Are they presently insured?
Yes the business is insured

Strengths?
Business has been established via the current owner for the last 32 years in the Free State and Northern Cape markets and has established stake holders and business partners. The management of the business has been done by the owner himself in other words, the business has been well look after. The business debt ratio is under control, cost is under control and it is highly efficient.

Weaknesses?
The owners are nearing retirement age and are looking for people to take the business forward The impact like external factors like Covid-19 in 2020 was quit severe

Opportunities?
The business is well established and efficient and effective with all the necessary assets to grow the market substantially. Opportunity is with active marketing and strategy in place The business can be expanded exponentially

Threats?
Competition is quit severe in this market General economy of the country

What is the reason for the sale?
Owner retirement

What is the price plus stock and the profit?
R7 000 000.00 - Selling price R 700 000.00 - Commission R 0.00 - Stock R7 700 000.00 - 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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