Sectors / Category

Annual turnover

|
  • Mandate: 34514
  • Added: 22 Apr 2021
  • AFS
  • 248

Steel Furniture and Garden Features Manufacturing Factory

Gauteng, Other
248
Mandate 34514
Added 22 Apr 2021
R 1,078,000* ZAR
Stock: R 0
Assets: R 980,000
R 52,867 ZAR
Frans Joubert
(PRINCIPAL)
Aldes Potchefstroom
North West, Potchefstroom
North West, Potchefstroom
Summary

Business that creates unique designer furniture and garden features

SELLING PRICE AFS
R 1,078,000* ZAR
Stock: R0
Assets: R980,000
R 52,867 ZAR
Summary

Business that creates unique designer furniture and garden features

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
This business creates award wining and design protected home and garden features as well as creative steel furniture.

How long has the business been established?
Since 2009

How long has the owner had the business?
Since 2009

How does the business operate on a daily basis?
The business creates or uses existing designs for garden and/or steel furniture that is manufactured through a process of CNC machining and/or manual manufacturing at its manufacturing plant.

How are the clients attracted to the business?
Clients are attracted through the unique designs that this business creates and manufactures.

What Advertising/Marketing is carried out?
Website, Facebook, Shows and Word of Mouth

Does the business have any contract work?
The business manufactures furniture and decor for a well known restaurant/bar chain in the region

What competition exists?
The designs of this business is truly creative, and design protection exists, thus for the specific designs no competition exists.

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
The owner is a sole proprietor with a very simplistic management of finances, therefore the owner presented all bank statements that show all funds into and out of the business.

What Balance Sheet and Income Statements are available?
The business operates on an informal manner, thus there are no formal balance sheet information available. Yet the assets of the business was used as a calculation for the sales price, these are tangible assets that are on the premises, any potential buyer could thus identify the value of the business assets relatively easily.

What percentage of the business is cash/credit?
All business is based on cash

What is the age analysis of the debtors book?
None

How could the profitability of the business be improved?
The owner runs an informal business that if formalised and structured could yield results, the designs of the business also lends itself to have a model that licences designs for manufacture to other steel related businesses across South Africa, these are opportunities that could be explored by buyer of this business.

Is Seller finance available and for what amount?
No Seller finance available

What is the total staff complement?
The staff complements varies as owner uses sub contractors during heavy load periods and lower staff during lower periods of business, permanent employees total is at 2 people, currently the workshop area has 6 people.

Do any receive special perks or incentives?
The workshop supervisor that operates the workshop area without the owner involvement at times has a special commission on sales done over and above his standard salary.

How involved is the Owner in running the business?
The owner involvement varies as he travels between Cape Town and Gauteng.

When does the current lease end?
The lease is open to full requirements as new owner may require

What are the main assets of the business?
Engineering and Steel Manufacturing Equipment

Strengths?
The products of the business is very creative and all manufacturing is done on premises.

Weaknesses?
The owner never formalised the business, thus distribution models were not developed.

Opportunities?
Distribution models, engagement with larger resellers across country and licensing opportunities.

Threats?
Stagnant growth due to owner not unlocking potential of the business.

What is the reason for the sale?
Owner travels constantly between Cape Town and Gauteng, he now wants to settle in Cape Town with his family.

Why is this a good business?
The business creates unique designs that adds beauty to home and garden, and the added steel furniture line holds potential

What is the price plus stock and the profit?
The price of the business is R1,078,000 - The asset value estimation is R980,000

Ideal Buyer Profile
The ideal buyer of this business would be a creative steel tradesperson, such as Boilermaker, with an entrepreneurial flair that can take business to the next level.

Other listings by Frans
R 660KZAR
Added : 4 May 2021 58
Yearly profit: R543,200
North West
R 606KZAR
Added : 4 May 2021 58
Yearly profit: R127,870
North West
R 12.90MZAR
Added : 3 May 2021 72
Yearly profit: R0
Gauteng
FRANCHISE DETAILS

Aldes Potchefstroom

1 members
19 active mandates
North West , Potchefstroom
Mia Meent Unit 3 6 Fick Street Potchefstroom
Potchefstroom

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 980KZAR
Added : 12 Mar 2021 1287
Yearly profit: R877,240
Gauteng
R 1.33MZAR
Added : 3 Feb 2021 608
Yearly profit: R477,897
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.00MZAR
Added : 5 May 2021 20
Yearly profit: R430,472
Gauteng
R 730KZAR
Added : 23 Apr 2021 175
Yearly profit: R383,826
Gauteng
R 1.08MZAR
Added : 22 Apr 2021 248
Yearly profit: R634,400
Gauteng
R 2.50MZAR
Added : 20 Apr 2021 356
Yearly profit: R1,182,708
Gauteng
R 1.60MZAR
Added : 19 Apr 2021 443
Yearly profit: R717,512
Gauteng
R 1.70MZAR
Franchise
Added : 13 Apr 2021 347
Yearly profit: R630,285
Gauteng
R 630KZAR
Added : 13 Apr 2021 464
Profit*: R96,734 *(6 months)
Gauteng
R 2.10MZAR
Franchise
Added : 11 Apr 2021 425
Yearly profit: R835,192
Gauteng