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Annual turnover

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  • Mandate: 34897
  • Added: 31 Aug 2021
  • AFS
  • 301

Profitable, Well-established Security Equipment Supplier. Randburg.

Gauteng, Johannesburg
301
Mandate 34897
Added 31 Aug 2021
R 3,850,000* ZAR
Stock: R 2,200,000
Assets: R 250,000
R 103,542 ZAR
Erich Haupt
(PRINCIPAL)
Aldes Optima
Gauteng
Summary

The market for security equipment in South Africa is limitless. Every household and company needs it.This company has great products with repeat business from good resellers.

Profitable, Well-established Security Equipment Supplier. Randburg.
SELLING PRICE AFS
R 3,850,000* ZAR
Stock: R2,200,000
Assets: R250,000
R 103,542 ZAR
Summary

The market for security equipment in South Africa is limitless. Every household and company needs it.This company has great products with repeat business from good resellers.

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Fully describe the business's activities?
Supplier of security systems including cameras, CCTV systems, alarm systems, gate motors etc. Well-known brands, good reseller base.

How long has the business been established?
The business has been established for 18 years since 2003.

How does the business operate on a daily basis?
The owner is involved on a daily basis but does not neccessarily always come into the office. The sales staff open and close each day.

How are the clients attracted to the business?
The business has numerous resellers who constantly buy from them. Repeat business and referrals are a good part of new business coming in.

What competition exists?
The business has agencies for various brands that are well-known and trusted in the industry.

What are the seasonal trends?
September to middle of December are generally very busy months. They are closed for the builders holidays in late December to early January.

Is the business VAT Registered?
Yes, the business is VAT registered.

What VAT documentation is on file?
Normal VAT returns and recons are on file.

What Balance Sheet and Income Statements are available?
February 2021 Annual Financial Statements are available.

What percentage of the business is cash/credit?
The business works mostly on payment from clients by card and EFT.

What is the age analysis of the debtors book?
Mostly 7 days from statement. Some larger clients are 30 days from statement. The book is insured by Credit Guarentee.

How could the profitability of the business be improved?
More sales people doing outbound sales. Expanding product range

What is the total staff complement?
The total staff compliment is 4 plus the owner. 2 x Sales, 1 x Stores/Dispatch, 1 x Cleaning Lady.

Do any receive special perks or incentives?
Bonuses are paid at managements discretion and is based on merit.

Are they on contract?
Yes, all staff have letters of appointment.

Do any have management potential?
Yes, one member of staff, who has been on board for 7 years, has management potential.

How involved is the Owner in running the business?
The owner is involved on a daily basis but does not physically go into the office every day and can work remotely.

When does the current lease end?
The current lease ends in July 2022.

Is there an option of renewal & what period?
Yes. Renewal of 2 to 5 years.

What is the annual escalation %?
The current escalation is 8% per annum.

What are the trading hours?
Monday to Thursday: 7.30 am to 4.30 pm. Friday: 7.30 am to 4.00 pm.

What is the square meters of the business?
360 Square Meters.

Is a copy of the lease available?
Yes, a copy of the lease is available.

Do you require a licence?
No special licence is required to run this business.

What are the main assets of the business?
Assets are mainly IT Equipment, Fixtures and Fittings, Office Furnture and Office Equipment plus a VW delivery van.

Are any items not included in the sale?
Excellent. Lovely office space. Neat and tidy warehouse.

What is their overall condition?
Excellent. Lovely office space. Neat and tidy warehouse.

Do any require repairing?
No. All equipment is relatively new and in excellent condition.

Which assets are on lease/HP and with whom?
All assets are fully paid for.

Are they presently insured?
Yes, all equipment and the entire business is fully insured.

Strengths?
Resellers. Repeat business. Very strong reputation. Known for product quality. Good brands.

Weaknesses?
A larger sales force would increase sales and therefore profitability.

Opportunities?
Additional products supplied as well as exclusive products are potentially great opportunities to grow this business even further.

Threats?
Whilst normal economic conditions may play a part everyone and all businesses need security of some sort in South Africa. The market is limitless.

What is the reason for the sale?
The owner is relocating.

Why is this a good business?
Resellers are strong. Therefore repeat business. Good products. Limitless market in South Africa. You can grow and grow.

What is the price plus stock and the profit?
The asking price for the business is R3.85 million. This includes stock of R2.2 million.

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AGENCY DETAILS

Aldes Optima

1 members
16 mandates
Gauteng
P.O. Box 588
2153

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