Sectors / Category

Annual turnover

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  • Mandate: 34610
  • Added: 14 Jul 2021
  • AFS
  • 358

Soft flooring sub contractor

Gauteng, Johannesburg
358
Mandate 34610
Added 14 Jul 2021
R 3,000,000* ZAR
Stock: R 250,000
Assets: R 540,000
R 57,449 ZAR
Bill Tweedie
(PRINCIPAL)
Aldes Bedfordview
Gauteng, Edenvale
Gauteng, Edenvale
Summary

Dynamic service provider in the sub contracting industry of soft flooring, offering an additional annual maintenance service

SELLING PRICE AFS
R 3,000,000* ZAR
Stock: R250,000
Assets: R540,000
R 57,449 ZAR
Summary

Dynamic service provider in the sub contracting industry of soft flooring, offering an additional annual maintenance service

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Fully describe the business's activities?
The business is a dynamic service provider in the subcontracting industry of soft flooring, capturing a significant portion of the market in one of the most competitive industries in the country. The current core focus of the business is to supply and fit the following: vinyl sheeting, laminated and engineered wood, solid wood, carpets, carpet tiles, quartz stone flooring. Included in the list of products are imported entrance mats and subsidiary products such as cleaning and repair kits. An annual after service can be offered to maintain the products at very competitive rates

How long has the business been established?
The business was established in 2007 ie 14 years

How long has the owner had the business?
Since inception

What steps are in place to solve 'load shedding' problems?
A generator is in place

Differentiation from competitors
The business differentiates itself from its competitors through competitive pricing, specialized services, in-depth knowledge of products and attention to detail. A tightly focused approach enables the business to establish and retain its position as a leader in this industry.

How are the clients attracted to the business?
Through word of mouth by existing clients. Tenders

What Advertising/Marketing is carried out?
Facebook page

Does the business have any contract work?
Yes

What competition exists?
There are other flooring companies in the market

What are the seasonal trends?
None

How did the Covid-19 pandemic impact the business turnover / daily operations?
Dramatic negative impact as the business could not trade. Clients, including corporates, suspended all flooring expenditure.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
The owner funded the business and there were some staff reductions and retrenchments. Short term contracts were cancelled and some non-core assets were sold.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
VAT certificate and up to date monthly VAT 201 declarations

Are there up-to-date Management Accounts available?
Yes

What percentage of the business is cash/credit?
5% cash and 95% credit (30 days)

What is the age analysis of the debtors book?
45 - 50 days

What is the total staff complement?
6 x permanent 4 x long term contractors Various short term contractors up to 45

Give a breakdown of staff/ functions/ length of service?
Available to interested parties

Do any receive special perks or incentives?
Cell phones and petrol cards

Do any have management potential?
Yes

How involved is the Owner in running the business?
Very involved in running the business

Any special arrangements for the staff related to the Covid-19 pandemic?
Standard procedure as prescribed by the government

When does the current lease end?
Premises is owned by the owner of the business

Is there an option of renewal & what period?
Yes, can be negotiated

What is the annual escalation %?
10%

What are the trading hours?
7h30 to 16h30 and after hours work (including weekends) if required

Do you require a licence?
No

What are the main assets of the business?
Vehicles and tools 3 x vehicles (bakkies) Office equipment Tools

Are any items not included in the sale?
Pictures and paintings on the wall

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
Owners valuation

Which assets are on lease/HP and with whom?
None

What are their settlement amounts?
None

Strengths?
Strong management with extensive knowledge of the trade Skilled fitters with excellent experience

Weaknesses?
Cash flow

Opportunities?
Franchise opportunity. Company can be taken to other regions

Threats?
The economy and COVID

What is the reason for the sale?
The owner has grown the company to its limit in terms of his personal capacity. Owner is also ready to take a sabbatical

Why is this a good business?
It is highly specialised and has a very good reputation in the industry

What is the price plus stock and the profit?
3 000 000

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AGENCY DETAILS

Aldes Bedfordview

1 members
5 mandates
Gauteng , Edenvale
6 Putter Lane, Glendower Golf Estate, Marais Street, Dowerglen x 8, 1609
Edenvale

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