Fully describe the business's activities?
The business specializes in hair-on tanning of game skins as well as the tanning of domesticated animal hides such as sheep, goat and the very popular Nguni hides.
How long has the business been established?
The business has been established for 14 years.
How long has the owner had the business?
The current owner has had the business for 14 years.
What steps are in place to solve 'load shedding' problems?
All normal steps are in place to solve "load shedding".
How are the clients attracted to the business?
The business is long on the market and all hide skin owners know about the business.
What Advertising/Marketing is carried out?
Not much advertising/ marketing is done.
Does the business have any contract work?
Yes, the business does have contract work.
What competition exists?
Not much competition in the Western Province.
What are the seasonal trends?
The business is busier during the winter months.
How did the Covid-19 pandemic impact the business turnover / daily operations?
The business was impacted during the last financial year.
Is the business VAT Registered?
Not VAT Registered.
Are there up-to-date Management Accounts available?
Management Accounts till 28/02/2021 is available.
What percentage of the business is cash/credit?
100% of business is cash.
How could the profitability of the business be improved?
Our tanning process uses state of the art tanning techniques for the tanning of hair-on tanning and dying of domestic animal hides. We specialize in the tanning and dying of Springbok hides which are very popular in the home decor market. We offer tanned Springbok and Nguni hides for sale to Interior Designers, Retailers and the general public.
What is the total staff complement?
7x Staff members. Some all 14 years with the business.
Are they on contract?
All staff members are contracted.
Do any have management potential?
The lady has management potential.
How involved is the Owner in running the business?
The owner is 100% involved in the business.
When does the current lease end?
Is there an option of renewal & what period?
Yes there is a option to renew.
What is the square meters of the business?
What lease deposit and/or other surety is required?
1x Months rent.
What are the main assets of the business?
Full asset list is available.
Are any items not included in the sale?
All assets are included in the sale of the the business.( not owner's bakkie)
What is their overall condition?
The overall condition is fair to good.
Do any require repairing?
All assets need regular repairing.
How have they been valued ?
Owners/ brokers valuation.
Which assets are on lease/HP and with whom?
All assets have been paid.
Are they presently insured?
All assets are insured.
- The employees are long employed and know their trade. - Not much of competition in their trade. - Lots of opportunities to expand.
There are more business during the winter months.
Lots of opportunities to do additional income generation options like game skin sales to Interior Designers, Retailers and the general public.
Normal economical threats are of a concern.
What is the reason for the sale?
The owner will get involved in a lodge.
Why is this a good business?
This unique business is long established with lots of different options to expand.
What is the price plus stock and the profit?
The price is R1,050,000 + stock of +-R350,000 = R1,400,000. With profit of R426,687 for the 12 months ending 28/02/2021.
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