"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
The business manufactures and installs doors, windows and screens.
It prides itself with the quality of the its Roller Doors , Sliding Doors as well as Pivot and Stacking Doors
How long has the business been established?
Established 15 years ago and the current owners acquired the business in 2022.
How does the business operate on a daily basis?
By its very nature, the business services mostly the building industry.
Customers will approach the business to assist with a quote for the manufacturing and installation of aluminium doors and windows.
This is done from the designs and plans supplied by customers.
How are the clients attracted to the business?
Currently the business doesn't have a dedicated salesman.
What Advertising/Marketing is carried out?
The Business has some social media presence in the form of a Facebook page.
Servicing the building industry, most of the customers are repeat clients.
90% of clients are in fact builders and contractors.
Well known in the Windhoek and surrounding areas.
Does the business have any contract work?
Now and then, more sizable will be taken up.
The business has build up a solid reputation with suppliers and able to deliver on bigger jobs.
What competition exists?
There are other competitors in the market servicing the same industry.
What are the seasonal trends?
The business is tied closely to the building season with less activity between January and December.
What is the total staff complement?
Total staff compliment of 5 people.
The current owners do make use of one of their other companies' office managers to oversee some aspects of the business.
The staff is well trained and multi-skilled.
They operate in teams of 2 for both the production / manufacturing and installation.
Give a breakdown of staff/ functions/ length of service?
Staff has been with the business for 4 years plus.
1 X Glasscutter (also installer)
2 X Manufacturing / Production
Team of 2 for installations
Are they on contract?
All staff members in the business have a signed contract.
Do any have management potential?
The staff members are all good and reliant workers.
The owner is satisfied with the staff's overall performance.
One of the employees is very good at problem solving or any issues during manufacturing / production.
At this stage there is not a staff member ready for a supervisory position.
How involved is the Owner in running the business?
Although the business is running smoothly, the owner feels he is not involved enough.
Is there an option of renewal & what period?
The business currently operates from premises it rents from the owner's other company.
As such, a Buyer will need to relocate the business.
The owner is willing to assist with a 2 to 3 months grace period in order to secure new premises.
What are the main assets of the business?
Main Assets as follow:
- KIA BAKKIE (2005 Model) - N$60 000
- CRIMPING MACHINE - N$136 200
- LODGE MACHINE - N$100 000
- ELUMATIC COPY ROUTER - N$57 500
- ELUMATIC SINGLE HEAD MITRE SAW - N$98 000
Various tools and office equipment
There is an Asset List available with assets of the business.
Also included is a truck - Kia (worth +/- N$80 000).
Are any items not included in the sale?
All items included.
What is their overall condition?
All assets are well maintained and serviced regularly. .
The condition of assets are and no replacements or repairs needed.
The KIA Bakkie is an older model.
Strengths?
Well-established name and a great track record on service delivery and quality of workmanship.
The staff in the business is definitely an asset to the business. Skilled and trained.
Weaknesses?
The owner is not involved in the business.
No proper marketing / advertising
Opportunities?
Connect with other businesses servicing / supplying to the building industry.
Quote on bigger jobs
Threats?
Downturn in the building industry
What is the reason for the sale?
The owner of the business has other businesses as well that takes more of his time and energy. He needs to focus on them and therefore this business is not the priority.
Why is this a good business?
Established business.
Simple and straight forward.
Well priced.
Trained staff who knows what they're doing.
Asset Register at R600 000 on Asking Price of R850 000.
Broker Comments
This business is meant for the go-getter who aims to be "hands-on"-involved in the day to day operations.
Huge scope for growth and expansion.
Easy to manage and straightforward.
Our client / seller is open for discussions.
