Sectors / Category

Annual turnover

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  • Mandate: 35358
  • Added: 20 Jun 2022
  • AFS
  • 137

Customized aluminium and glass manufacturers and installers

Western Cape, Garden Route
137
Mandate 35358
Added 20 Jun 2022
R 6,050,000* ZAR
Stock: R 550,000
Assets: R 0
R 173,304 ZAR
Peter Kind
(PRINCIPAL)
Aldes Platinum
Gauteng, Centurion
Gauteng, Centurion
Summary

This business is a well established Aluminium and glass manufacturer. They have been manufacturing and installing customized aluminium and glass products for the last 36 years, servicing both commercial and private clients. Key features of the business: - Well established in the area - Large contract in place which will be completed over the next 6 months - guaranteed income for a buyer. - Experienced workforce

SELLING PRICE AFS
R 6,050,000* ZAR
Stock: R550,000
Assets: R0
R 173,304 ZAR
Summary

This business is a well established Aluminium and glass manufacturer. They have been manufacturing and installing customized aluminium and glass products for the last 36 years, servicing both commercial and private clients. Key features of the business: - Well established in the area - Large contract in place which will be completed over the next 6 months - guaranteed income for a buyer. - Experienced workforce

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Fully describe the business's activities?
The company specializes in the manufacturing and installation of a range of aluminium products, geared for the building industry. All work is done to National Building Regulations SANS 10400/N & AAAMSA 2004. Their range includes: - Glass Conservatories - Pool Enclosures - Patio Enclosures - Sun and Braai Rooms - Carports and Louvre Roofs - Windows, Doors, and Sky Lights

How long has the business been established?
36 Years

How long has the owner had the business?
Since Inception

What steps are in place to solve 'load shedding' problems?
Shifts are moved around to accommodate load shedding problems.

How does the business operate on a daily basis?
The owner visits clients and quotes them on work needed. The workshop/manufacturing side is managed by a workshop manager who ensures that orders are completed timeously. There are four installation teams that go out daily and install the manufactured aluminum products.

How are the clients attracted to the business?
Mainly word of mouth. This is one of the biggest companies of its kind in the area and because of the number of years in the industry, they have a very reputable name.

What Advertising/Marketing is carried out?
a Website with photos of completed projects.

Does the business have any contract work?
Yes

What competition exists?
One smaller but similar company in the Garden Route.

What are the seasonal trends?
In line with the Building Industry. Quiet in December.

How did the Covid-19 pandemic impact the business turnover / daily operations?
The company managed to push a couple of orders out during the covid pandemic and all staff was retained.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
The company is back up and running to pre-covid conditions.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All required documentation.

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

What Balance Sheet and Income Statements are available?
February 2022

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

What is the age analysis of the debtors book?
30 Days

How could the profitability of the business be improved?
By increasing the production and acquiring another installation team/vehicle. Appointment of a Sales Rep to service and retain new clients.

Is Seller finance available and for what amount?
No

What is the total staff complement?
17 plus the owner

Give a breakdown of staff/ functions/ length of service?
1 Foreman 4 Installation teams, consisting of 3 people per team 3 Workshop staff members

Do any receive special perks or incentives?
No

Are they on contract?
No

Do any have management potential?
Yes, the Forman has.

How involved is the Owner in running the business?
At this moment, the Owner is 100% involved.

Any special arrangements for the staff related to the Covid-19 pandemic?
None

When does the current lease end?
December 2022

Is there an option of renewal & what period?
Yes, year to year.

What is the annual escalation %?
10%

What are the trading hours?
Monday to Friday 8 am to 5 pm

What is the square meters of the business?
375m²

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
The lease will be carried over.

What are the main assets of the business?
The Aluminium manufacturing equipment. 4 x Vehicles used for Installations.

Are any items not included in the sale?
Owners' personal vehicles.

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
Current Market Value

Which assets are on lease/HP and with whom?
2 x Isuzu bakkies.

What are their settlement amounts?
+/- R90k each

Will Seller settle or Buyer to take over?
Yes

Are copies of agreements available?
Yes

Are they presently insured?
Yes

Strengths?
This Business is very well established in the current market and has an excellent track record.

Weaknesses?
The owner can't get to all the inquiries and is subsequently losing out on new business.

Opportunities?
If a Sales Consultant is appointed to take care of the inquiries, the business can grow exponentially in the next two years. The owner has secured contracts to the value of R6million for the new year already.

Threats?
None identified.

What is the reason for the sale?
The owner wants to start another business in the area, using this specific product.

Why is this a good business?
The owner has already secured excellent contracts for the foreseeable future and intends on using this product in his own new venture. The business itself is very reputable and well established.

What is the price plus stock and the profit?
R 6 050 000.00 Including stock and assets.

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AGENCY DETAILS

Aldes Platinum

2 members
18 mandates
Gauteng , Centurion
8 Baltoro Crescent Midstream Hill
Centurion
0157

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