Fully describe the business's activities?
Manufacturing and packaging of food products and cleaning materials.
How long has the business been established?
This business was established in 1993.
How does the business operate on a daily basis?
Opens at 07h00 and closes at 17h00, Monday to Friday. The owners and management task daily production in the factory. All administration is handled in house by both owners and management staff.
How are the clients attracted to the business?
The clients are large retailers who require these affordable products on their shelves.
What Advertising/Marketing is carried out?
Website, promotions & daily telephone calls to customers.
What are the seasonal trends?
The products produced by this factory are not seasonal products , they are everyday used products.
How did the Covid-19 pandemic impact the business turnover / daily operations?
Manufacturing sales went up and this business has been fully operational since the pandemic.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Staff members are sanitized and temperatures are checked when entering the building.
Is the business VAT Registered?
Yes, this business is VAT registered.
What VAT documentation is on file?
All related documents & import vat documents are available to approved buyers.
Are there up-to-date Management Accounts available?
There are up to date Management Accounts available to approved buyers.
What Balance Sheet and Income Statements are available?
Balance Sheets and Income Statements for the past 5 years are available to approved buyers.
What percentage of the business is cash/credit?
Cash 5% and 95% credit. This business sells to large retailers.
How could the profitability of the business be improved?
The profitability can be improved by tendering for Government supply and thereby increasing production lines.
What is the total staff complement?
There are a total of 32 staff members.
Give a breakdown of staff/ functions/ length of service?
There are 11 Factory employees, 3 Office/Admin employees and 18 Production employees.
Is there an option of renewal & what period?
There is an option to lease the premises from the current owners for an agreed period of time, with a negotiable escalation p/annum.
What are the trading hours?
Trading hours are 07h00 â 17h00, Monday to Friday.
What are the main assets of the business?
The main assets of this business is the Factory Machinery & Equipment.
Are any items not included in the sale?
All assets on the asset register are included in the sale of this business.
What is their overall condition?
All assets are in good working order and are maintained on a regular basis.
How have they been valued ?
All assets are calculated at business value: between the replacement value and the new value, depending on the conditions and repairs required.
Which assets are on lease/HP and with whom?
There are no assets on lease / HP.
This business manufactures products which are essential listed items. It is a family owned business and has huge potential for growth.
Sudden rise of raw material prices at certain times of the year.
Opportunities to extend production line.
What is the reason for the sale?
The owners would like to retire.
Why is this a good business?
This business is in manufacturing and produces essential products.
What is the price plus stock and the profit?
This business is selling at N$ 3,160,000.00, plus a stock holding of N$ 2,340,000.00. The profit before tax is N$ 1,917,124.00 EBIDTA.