Fully describe the business's activities?
Established 8 years ago, this business specialises in the supply and engraving of trophies, medals, corporate and prestige awards. The business also provides a complete range of promotional goods including corporate gifts and clothing, signage and printing, name badges, banners, trophies and so much more.
How long has the owner had the business?
The owner started the business 8 years ago.
How does the business operate on a daily basis?
The owner is relatively involved in the day to day operations and is assisted by a small team of skilled, experienced employees. Orders are generated from website and social media enquiries, as well as from the extensive and loyal client base which has been built up over the years. Once design and artwork is approved, orders are completed and delivered or collected.
How are the clients attracted to the business?
Well known for their quality and service, this is a one-stop shop providing a wide range of products designed specifically in accordance with clients' requirements. The business has a vast loyal client base who support them consistently.
What Advertising/Marketing is carried out?
Website, social media pages, weekly e-mail campaigns, word of mouth.
What competition exists?
This is a competitive industry, but the business is well established and well known, with a sterling reputation for quality products and outstanding service.
What are the seasonal trends?
The business trades consistently throughout the year, however, September, October and November are extremely busy months.
Is the business VAT Registered?
Yes, the business is a VAT vendor.
Are there up-to-date Management Accounts available?
Current management accounts are available.
What Balance Sheet and Income Statements are available?
Annual financial statements in respect of the year ended 29 February 2020 are on file with Aldes.
How could the profitability of the business be improved?
There are excellent opportunities within the e-commerce environment, industrial engraving and with another sale rep as well as promotion of the signage, profitability could be increased significantly.
Is Seller finance available and for what amount?
No the seller will only consider an outright sale.
What is the total staff complement?
Excluding the owner the business currently employs 3 staff members, including a manager and a sales rep.
Are they on contract?
Yes, all staff have valid contracts in place.
How involved is the Owner in running the business?
The owners are fairly involved in the day-to-day operations, however, they are not in the business on a full time basis.
When does the current lease end?
The current lease expires in February 2022.
What are the trading hours?
The business operates during normal business hours on weekdays, however, does accommodate urgent orders and deadlines from time to time.
What are the main assets of the business?
A full list of the assets is on file with Aldes and will be made available on request.
What is their overall condition?
The assets are in good condition and have been well maintained.
How have they been valued ?
The assets have been valued by the owner at current second hand value.
Are they presently insured?
Yes, all the assets are comprehensively insured.
The business is well known, has a vast, loyal client base and has shown good growth over the years. It maintains an excellent reputation for outstanding quality and reliable service. It is a one stop shop providing a wide, diverse range of products and services.
This is a competitive industry, which requires strong, focused direction and management.
There are numerous opportunities including the development of an e-commerce platform, which will drive online sales. The appointment of another sales rep and investment in a large format printer for inhouse signage printing will improve profitability significantly.
Current economic environment.
What is the reason for the sale?
The sellers are relocating.
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Annual Turnover Amount between R 500 thousand and R 6 million