Fully describe the business's activities?
Started as an engineering company specializing in tool and die-making for the plastics industry. Specializing in the design and manufacturing of components used in South Africa's extensive mining-, construction-, agriculture-, and retail industries. This factory is ISO9001 compliant and as an Award winning supplier to AEL Mining services, we are subject to annual audits by the mining house to verify that our quality standards are being maintained and improved year on year. Our vision is to design and manufacture parts in accordance with the international standards that allow South African companies, their customers, to compete in the global market based not only on price but on quality. a Proudly South African company that strives to create and provide value for both our customers and suppliers. They aim to create a work environment that makes them prosperous and competitive to ensure that their team can perform at the high levels needed to be global competitors. Product Range manufactured are in Mining,Farming,packaging,plastic connection ranges, insect traps and Spigot designs. They use there own and clients moulds in there injecting proseses.
How long has the business been established?
This company was established in 1973
How long has the owner had the business?
The owner has the business for 48 years
How does the business operate on a daily basis?
The owner and his manager Daily production manage by the owner and floor manager Sale and other admin functions mange by office manager
How are the clients attracted to the business?
Web site word of mouth. A long term established client base ,including industries like mining, farming uses their service and products
What Advertising/Marketing is carried out?
Mostly word of mouth and a website
Does the business have any contract work?
No,but a large established client base , Build up from 1973 supports them very well
What competition exists?
None in the area they trade in.
What are the seasonal trends?
During the summer months the doing well
How did the Covid-19 pandemic impact the business turnover / daily operations?
During Covid they had an impact ,but the industries is slowly growing to normal levels.
Is the business VAT Registered?
What VAT documentation is on file?
Would be available for approved buyers
Are there up-to-date Management Accounts available?
On file we have Financial statements from 2018 to 2020.
What Balance Sheet and Income Statements are available?
We have on file from 2018 to 2020
What percentage of the business is cash/credit?
What is the age analysis of the debtors book?
90% on 30 days
What is the total staff complement?
Staff complement currently is 10
Give a breakdown of staff/ functions/ length of service?
This 10 staff members are Floor managers,Machine sitters and tool setters.
Are they on contract?
They are all contracted
Do any have management potential?
Current management team
How involved is the Owner in running the business?
When does the current lease end?
Building is owned and up for sale. A lease is available for buyer who dont want to buy now.
What are the trading hours?
Normal Business hours.
Do you require a licence?
What are the main assets of the business?
A asset list is om file and could be available for a serious buyer. The molding machines are all low power users,German made . Age are from 1 Year to 15 Years. Most are not more than 3 years and very well maintained Part are available Moldings,some is owned by the seller,other are client based molds.
What is their overall condition?
Very well maintained
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
some but will be settled before take over.
Are they presently insured?
a plastic molding business that is well established from 1973,with a vert good client base build up over years. This Molding business has a very good name in the market.,for their high quality work and service. Molding machines are well maintained ,and German made,use less power They have a mix of owner molds and client own molds
Only COvid and mostly economical
A good marketing plan needs to be drawn up and activated
Nome we perceive
What is the reason for the sale?
Immigrating to Austria
Why is this a good business?
Up graded machinery Established client base
What is the price plus stock and the profit?
Price including stock R11 000 000.00 Profit R1 781 963.00 pj Asset R8 1000 000
Annual Turnover Amount between R 500 thousand and R 6 million