Sectors / Category

Annual turnover

|
  • Mandate: 36940
  • Added: 18 Oct 2024
  • AFS
  • 293

KZN North Coast Outdoor Composite & Timber Decking Installer and Supplier of Various Products

KwaZulu-Natal, North Coast
293
Mandate 36940
Added 18 Oct 2024
R 980,000* ZAR
Stock: R 80,000
Assets: R 108,000
R 58,626 ZAR
Mike Smith
(PRINCIPAL)
Aldes Accolade
KwaZulu-Natal, Pietermaritzburg
KwaZulu-Natal, Pietermaritzburg
Summary

Outdoor Composite & Timber Decking Installer and Supplier of Various Products. Design, project-manage, assemble, and decorate outdoor spaces.

SELLING PRICE AFS
R 980,000* ZAR
Stock: R80,000
Assets: R108,000
R 58,626 ZAR
Summary

Outdoor Composite & Timber Decking Installer and Supplier of Various Products. Design, project-manage, assemble, and decorate outdoor spaces.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
Design, project-manage, assemble, and decorate outdoor (and when required indoor) spaces. This incldues decking, cladding, screens, pergolas, and fabrication of products for outdoor use such as planter boxes, seats etc

How long has the business been established?
The business was established in 2014 by the owner.

How long has the owner had the business?
10 Years

What steps are in place to solve 'load shedding' problems?
The Business has a generator as well as a lot of battery-operated tools to ensure work can continue when load shedding or power outages occur.

How does the business operate on a daily basis?
This can vary depending on the nature of the site. Generally the team assembles at the workshop at 7am to discuss the day, necessary tools packed and depart for site. Site cleaning and packing up starts around 3;30 to leave site at around 4pm.

How are the clients attracted to the business?
Website, social media, word-of-mouth.

What Advertising/Marketing is carried out?
The Business has built a good name for itself so a lot of work is referral based. The Business has a website, Instagram page and facebook where enhanced marketing would increase sales and quotations.

What competition exists?
There is competition. The only way to stay on top is to be present and constantly improving.

What are the seasonal trends?
Generally summertime is the most busiest, peaking towards the end of the year.

Is the business VAT Registered?
Yes the business is VAT registered and VAT documentation is available to qualified Buyers.

What Balance Sheet and Income Statements are available?
The February 2024 Annual Financial Statements are available to qualified Buyers.

How could the profitability of the business be improved?
Sourcing suppliers with cheaper rates, targeting a specific market that can afford a rate at which you can charge more to make more profit, grow more teams and do more work.

What is the total staff complement?
There are 4 skilled employees.

Give a breakdown of staff/ functions/ length of service?
One gentleman has been with the company from the start. He is the main leader of the the group, runs the sites and does the installations with the team. The 3 other staff members are all skilled labourers and have been with the business for 5 years

Do any receive special perks or incentives?
Not particularly. Sabelo does on occasions receive extra incentive when it comes to certain projects.

Do any have management potential?
Yes, one gentleman has very high management potential! Very technical, hard worker and lots of experience. Also has a drivers license.

How involved is the Owner in running the business?
The Owner is hands on in the business including marketing, quoting, ordering etc. The employee work team is skilled.

When does the current lease end?
31 January 2025

Is there an option of renewal & what period?
If the buyer wants to renew the discussion can be had with the rental agent

What are the trading hours?
Trading hours are generally Monday to Friday from 7am to 4pm

What is the square meters of the business?
Approx 130sqm.

Do you require a licence?
No

What are the main assets of the business?
Vehicle, tools and machinery.

How have they been valued ?
Valued by the Owner.

Will Seller settle or Buyer to take over?
The assets will be incldued in the sale free of any encumberances.

Strengths?
At least 80% of homes have a timber facade, deck or pergola as a feature on the property. This allows for great opportunity to generate more customers.
Well established.

Weaknesses?
Small team, but this is also a strength.

Opportunities?
Enhanced marketing.

Threats?
Economy.
Competition.

What is the reason for the sale?
The Owner has accepted a very good position in a Company that supplies this Business.

Why is this a good business?
This is a well established profitable business.The Owner will be moving to a positon in a Company that supplies this business and will be available for continued support.

Other listings by Mike
R 46.25MZAR
Added : 30 Jun 2023 2595
Yearly profit: R16,250,000
Victoria
AGENCY DETAILS

Aldes Accolade

3 members
3 mandates
KwaZulu-Natal , Pietermaritzburg
8 St Michaels Road, Hilton
Pietermaritzburg
3245