Fabrication and Welding Factory For Sale
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Fabrication and Welding Factory For Sale
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Business For Sale

BUSINESS FOR SALE OVERVIEW

Welding Business For SaleA fabrication and welding factory in the heart of the industrial zone has become available, this profitable fully staffed business is selling at asset value as the seller has other interests he wants to pursue. Seller will also consider terms.



Fitment Centre For SaleSELLING DETAILS

Selling Price

295,000

Turnover pm

125,000

Stock

0

Profit pm

20,000

Total Asking Price

295,000

Nett Assets Incl

240,000








MANDATE REPORT

1. History Background

Fully describe the business's activities

Welding and fabrication engineering business

How long has the business been established?

3 Years

How long has the owner had the business?

The owner started the business

2. Present Market

How does the business operate on  a daily basis

Owner run

How are the clients attracted to the business

The business has a great website that attracts multiple enquiries per day.

What Advertising/Marketing is carried out

Direct sales with the sales manager doing cold calls.

Does the business have any contract work

Only jobbing type contracts.

What competition exists

Various other business as is normal in this industry.

What are the seasonal trends

December is the quietest with the business closing from the 29th Dec to the 13th January.

3. Financial

Is the business VAT Registered

No

What VAT documentation is on file?

N/A

Are there up to date management accounts?

Yes – Seller is drawing up

What audited financials are available, income statement and or balance sheets?

Seller will prepare

What percentage of the business is cash/credit?

95% EFT and 5% Cash (Business operates on a 50% deposit and balance on delivery)

What is the age analysis of the debtor’s book?

None

How could the profitability of the business be improved?

Sales and proper follow through on quotes issued by the business.

Is Seller finance available and for what amount?

Seller will consider a minimum down payment of R175,000 to the right buyer

4. Staffing

What is the total staff complement?

4 staff members.

Staff Breakdown and length of service

1 x Sales Manager

3 x Welders/Fabricators

1 x Assistant (Temp)

Do any receive special perks, bonuses or incentives?

No

Are they on contract?

Only the salesman and one welder have a signed contract

Do any have management potential?

Yes the salesman

How involved  is the Owner in running the business

100%

5. Premises

When does the current lease end?

October 2014

Is there an option of renewal & what period

Yes, 1 year

What is the annual escalation %?

Seller to confirm

What are the trading hours?

Mon-Fri 8am to 4:30pm

What is the square meterage of the business?

600m²

Is a copy of the lease available?

Yes

Do you require a licence?

No

6. Assets

Is a full asset list on file?

Yes, seller will also update to encompass all the assets

Are any items not included in the sale?

Owners laptop

What is their overall condition?

Good condition

Do any require repairing?

On going maintenance is performed

How have they been valued?

Owner valuation

Which assets are on lease/HP and with whom?

N / A

What are their settlement amounts?

N / A

Will Seller settle or Buyer to take over?

N / A

Are copies of agreements available?

N / A

Are they presently insured?

No

7. S.W.O.T. Analysis

Strengths

Website with the no of enquiries that it generates.

Skills of the staff

Position is in a prime site in a major industrial area

Weaknesses

Seller motivation

Opportunities

Various industries have been left untapped.

Proper follow up on enquiries to the website

The amount of repair and maintenance jobs available in the market.

Threats

Economy, but that will also bring more maintenance work.

8. Reason For Sale

What is the reason for the sale?

The seller wants to join his wife in her business.

9. Conclusion

Why is this a good business to buy?

Nice well established business with a variety of jobs on the horizon, sales and technical skills are all in place.





 

Business For Sale,East Rand Business For Sale,Welding Business For Sale,Manufacturing Business For Sale

Reference - R131202
 


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