Sectors / Category

Annual turnover

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  • Mandate: 34516
  • Added: 05 Aug 2021
  • AFS
  • 327

Chipper Hiring and Services based in Garden Route

Western Cape, Garden Route
327
Mandate 34516
Added 05 Aug 2021
R 800,000* ZAR
Stock: R 0
Assets: R 866,027
R 20,285 ZAR
Noel Heath
(PRINCIPAL)
Aldes Triumph
Western Cape
Western Cape
Summary

Chipper Hiring business based in Garden Route, and cover area East from Plettenberg Bay to Stillbaai in the West, and inland to Oudtshoorn. This business is not trading well currently as it requires more networking and promotion locally, but the Owner is not able to do so, so is prepared to sell at reduced asset value.

SELLING PRICE AFS
R 800,000* ZAR
Stock: R0
Assets: R866,027
R 20,285 ZAR
Summary

Chipper Hiring business based in Garden Route, and cover area East from Plettenberg Bay to Stillbaai in the West, and inland to Oudtshoorn. This business is not trading well currently as it requires more networking and promotion locally, but the Owner is not able to do so, so is prepared to sell at reduced asset value.

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Fully describe the business's activities?
Site clearing Alien plant eradication Orchard maintenance Stump removal

How long has the owner had the business?
4 Years

How does the business operate on a daily basis?
The business currently has a full time manager and supervisor as well as general workers. Ideally it should be Owner operated, but the current Owner has the same business in Stellenbosch and cannot manage both.

How are the clients attracted to the business?
Word of Mouth. Referrals from builders and contractors Website

What are the seasonal trends?
As with most businesses in the Garden Route, there is a definite drop off during mid-winter.

How did the Covid-19 pandemic impact the business turnover / daily operations?
The whole downturn in the economy has impacted negatively on almost all businesses in this region, this one included.

Are there up-to-date Management Accounts available?
As and when required

What Balance Sheet and Income Statements are available?
Financials for this part of the total business are readily available.

What percentage of the business is cash/credit?
EFT predominately.

How could the profitability of the business be improved?
By being Owner managed

What is the total staff complement?
4

Give a breakdown of staff/ functions/ length of service?
Manager, Supervisor, and two general workers.

Do any have management potential?
Yes, the supervisor is very capable of working independently and also has a drivers license.

How involved is the Owner in running the business?
Not at all as he is based just outside Cape Town

When does the current lease end?
Ongoing month by month

What are the trading hours?
08-00 to 17-00 Monday to Fridays

What is the square meters of the business?
Small site office on stand with chipper equipment on show on side of a very busy road.

What are the main assets of the business?
Chipping Equipment Vehicles

What is their overall condition?
Good...all well maintained.

Do any require repairing?
All assets are in good running order

How have they been valued ?
Owners second hand value.

Strengths?
Known name in the business. Quality equipment. Excellent Visibility!.....because of position on a very busy road.

Weaknesses?
Owner too far away and busy to focus on this branch of his operation.

Opportunities?
Offer additional services related to the industry. Network with contractors and builders. More local networking and marketing.

Threats?
There are no known threats to this business.

What is the reason for the sale?
The Owner resides and operates a similar business near Cape Town. He realises that by owning both he cannot do proper justice to either, and wishes to sell off the George operation and allow him to focus on his main business.

Why is this a good business?
This is currently not a good business due predominately to the impact of Covid on the various markets, resulting in a downturn in sales. Also, the Owner feels that if owned locally it would benefit as the person would be able to network and market locally.

What is the price plus stock and the profit?
The Selling Price is around asset value at R800,000. The profit with managers salary, supervisors and general workers wages is around R4K per month, but if Owner managed based on current turnover in a depressed market, the Owner would have been able to earn in the region of R20+K per month.

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AGENCY DETAILS

Aldes Triumph

1 members
16 mandates
Western Cape
8A Loerie Street, Bergsig
6529

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