Sectors / Category

Annual turnover

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  • Mandate: 35265
  • Added: 11 Apr 2022
  • AFS
  • 678

Candy Manufacturer

Gauteng, Johannesburg
678
Mandate 35265
Added 11 Apr 2022
R 6,270,000* ZAR
Stock: R 370,000
Assets: R 1,521,770
R 214,616 ZAR
Deon van Tonder
(PRINCIPAL)
Aldes Badu
Gauteng, Randburg
Gauteng, Randburg
Summary

Manufacturing and wholesale distributor of various types of candy

SELLING PRICE AFS
R 6,270,000* ZAR
Stock: R370,000
Assets: R1,521,770
R 214,616 ZAR
Summary

Manufacturing and wholesale distributor of various types of candy

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please supply us with your details below

Fully describe the business's activities?
Opening the factory Prepare raw materials for the production Start production Loading the vans for deliveries Attend to office administration

How long has the business been established?
20 years

How long has the owner had the business?
Same owner

What steps are in place to solve 'load shedding' problems?
Generator for single fase production 90% capasity

What is the average KW usage?
10 KW

How are the clients attracted to the business?
Word of mouth only

What Advertising/Marketing is carried out?
Word of mouth

Does the business have any contract work?
None

What competition exists?
Cant beat our prices

What are the seasonal trends?
Jan slow Pick up April to the end of year

How did the Covid-19 pandemic impact the business turnover / daily operations?
We actually grow over the period Only hard lockdown effeckt us

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Complianed to Covid regulations

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Vat is paid to date

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

What Balance Sheet and Income Statements are available?
Last being 2021

What percentage of the business is cash/credit?
70 Cash 30 Credit

What is the age analysis of the debtors book?
No accounts in arrears

How could the profitability of the business be improved?
Increase sales

Is Seller finance available and for what amount?
No

What is the total staff complement?
21

Give a breakdown of staff/ functions/ length of service?
1 Driver/ supervisor 1 Supervisor 19 factory staff

Do any receive special perks or incentives?
Bonus for supervisor two weekly owners discrecion

Are they on contract?
All on contract

Do any have management potential?
No

How involved is the Owner in running the business?
100% Hands on

When does the current lease end?
Owner owns building willing to extend a five year lease or with the option to buy the business

Is there an option of renewal & what period?
Yes for 5 years

What is the annual escalation %?
8%

What are the trading hours?
Mon to Thursday 07:15 to 16:30 Friday 07:00 to 15:00

What is the square meters of the business?
940 square meters

Do you require a licence?
Certificate of acceptability

What lease deposit and/or other surety is required?
Two months lease deposit

What are the main assets of the business?
Candy making and Packiing masjiens

What is their overall condition?
Good working order

Do any require repairing?
Only one Minor repair Redandent ut the moment

How have they been valued ?
Owners valuation

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

Are they presently insured?
Yes

Strengths?
Cost effective production with a focus on minimal waist. Staff highly productive and well disiplined Exceptional customer service

Weaknesses?
Not strong on E-marketing Reliant on Word of mouth sales Space for more automation

Opportunities?
Sell to match current production rate. Huge untapped market oppertunities

Threats?
Hard lock down

What is the reason for the sale?
Retirement

Why is this a good business?
Strong and loyal customer base Profitable business for over 20 years Cost-effective operation Opportunity to double the business Strong opportunities to export to rest of Africa

What is the price plus stock and the profit?
Price of business R 5 900 000 Stock R 370 000 Buiding is available at R 2 750 000

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AGENCY DETAILS

Aldes Badu

2 members
11 mandates
Gauteng , Randburg
40 Silver Pine Avenue, Moret, Randburg, 2194
Randburg

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