Sectors / Category

Annual turnover

  • Mandate: 35040
  • Added: 06 Dec 2021
  • AFS
  • 405

Staff welfare parcel Distributor .Property available to purchase

Gauteng, Johannesburg
Mandate 35040
Added 06 Dec 2021
R 1,850,000* ZAR
Stock: R 100,000
Assets: R 404,126
R 68,845 ZAR
Deon van Tonder
Aldes Badu
Gauteng, Randburg
Gauteng, Randburg

Cost and portion solution for staff welfare needs. I.e hot and cold beverages, cleaning supplies, PPE, toiletries, Covid compliance, and other

R 1,850,000* ZAR
Stock: R100,000
Assets: R404,126
R 68,845 ZAR

Cost and portion solution for staff welfare needs. I.e hot and cold beverages, cleaning supplies, PPE, toiletries, Covid compliance, and other

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Fully describe the business's activities?
Tricor's target market is that of corporate offices, industrial factories and other industries in the private sector. Services offered by Tricor are the supply and delivery of refreshments (including all associated products of teas and coffees), detergents, paper products and brushware. Tricor specialises in Tea and Coffee ration packs offering an excellent cup of beverage to the staff member and at the same time giving the employer control over the expenses budgeted for beverages. The packs contain sufficient tea bags and/or coffee, milk powder and sugar for one staff member per week or month. Each pack is tailor-made to each company depending on their requirements.

How long has the business been established?
24 Years.

How long has the owner had the business?
24 Years,

How does the business operate on a daily basis?
SALES OPERATIONS 1. Receive orders from clients. 2. Process sales order. 3. Check stock requirements for order. 4. Purchase order for stock if necessary. 5. If a staff pack is ordered, create a recipe from the Bill of Material to manufacturing for packing. STORES OPERATIONS 1. Pull stock required for pack. 2. Hand stock to the staff member who signs for the stock. 3. Packer begins to put pack together. 4. Storeman checks housekeeping and maintains standard of hygiene within stores. 5. Check stock shortages and report to supervisor. 6. Receiving of orders for stock. 7. Weighing of bags and report any descrepancies thereof. 8. Completed stock loaded onto delivery vehicle and delivered to client. Normal day-to-day running of admistrative duties as required.

How are the clients attracted to the business?
1. Website 2. Word-of-mouth 3. Client new and existing visits

What Advertising/Marketing is carried out?
Website Brand building through product packaging

Does the business have any contract work?
No, repeat business is secured through service and value offering. Average clients are 3 years plus with the business.

What competition exists?
Two companies that we are aware of.

What are the seasonal trends?
Busiest month is November because of clients placing double pack orders due to the annual shut-down of the company from 15th December to 10th January each year.

How did the Covid-19 pandemic impact the business turnover / daily operations?
Yes it did have an impact on the business due to the lock-downs experienced. Our focus shifted from predominantly office based to factory based seeming to more resilient to lower level stay away than offices.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
We revereted to our staff packs focusing on the factory worker as opposed to office workers and managed to claw back substantial lost revenue.

Is the business VAT Registered?

What VAT documentation is on file?
VAT certificate.

Are there up-to-date Management Accounts available?
Yes, on request.

What Balance Sheet and Income Statements are available?
AFS are available until 2021.

What percentage of the business is cash/credit?
Cash - 20% Current - 30% 30 Day from statement - 50%

What is the age analysis of the debtors book?
No bad debt for the last 3 years. All clients pay within terms.

How could the profitability of the business be improved?
Costs are running very lean. We are a wholesale assembler of tailor-made staff welfare consumables i.e. tea/coffee and assiciated products, toilet tissue, soaps etc, depending on the requirements of the customer. Our next drive in sales is to appoint agencies country-wide. Another area of growth would be to develop our online sales.

Is Seller finance available and for what amount?

What is the total staff complement?

Give a breakdown of staff/ functions/ length of service?
Sales/Administrative - 2 Stores - 2 Driver - 1 Cleaner - 1

Do any receive special perks or incentives?

Are they on contract?

Do any have management potential?
Yes, 1 of the staff has the potential.

How involved is the Owner in running the business?
50% hands on - 50% remote control. 100% financial control.

Any special arrangements for the staff related to the Covid-19 pandemic?
Strict adherance to COVID regulations.

When does the current lease end?
The business owner also owns the property and is preferred to be included in the sale. The asking price for the property is R 1 900 000

What are the trading hours?
8h00 to 4.30 Monday to Thursday 8h00 to 3.00 Friday

What is the square meters of the business?
Aproximately 2500 square meter stand with administrative - 250 m2 and factory/warehousing - 180 m2. Separate flatlet.

Do you require a licence?
No special licence is required.

What lease deposit and/or other surety is required?
Not applicable.

What are the main assets of the business?
The main asset of this business is - the system of operation - to generate tailor-made staff welfare packs according to customer requirements.

What is their overall condition?
In good working order.

Do any require repairing?

How have they been valued ?
Book value.

Which assets are on lease/HP and with whom?
Delivery Vehicle

What are their settlement amounts?
Available on request.

Will Seller settle or Buyer to take over?
Open for negotiation.

Are copies of agreements available?

Are they presently insured?

Our strength is our refined computer systems developed to: 1. Break bulk purchases into individulal products linked to customised orders. 2. Controlling stock on a real-time basis. 3. Optimising purchase orders. 4. Generating Bill of Materials required to fulfill customised sales orders. 5. This optimises our delivery at a low cost into pre-designated areas per week.

We do not have reps on the road.

The opportunity is to establish agencies country-wide to in turn, supply end users.

COVID Lockdowns and civil unrest.

What is the reason for the sale?
Owner retiring and relocating.

Why is this a good business?
It is lean and mean and gives good value service at a reasonable cost. There is a real need for the solution that we offer. Trading hours allow for a quality personal life. Over 24 years in business.

What is the price plus stock and the profit?
Stock approximately R100,000.00. Business price - R1, 750,000.00 Premises price - R1, 900,000.00 Total asking price all-inclusive R 3 700 000 Profit - Approx. R55,000.00 per month

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