"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
Manufacturing of infant coffins and caskets, adult coffins and caskets, cremation boxes, zinc liners and crates for the transportation of coffins and caskets for air freight, and also Urn Boxes. All Coffins / Caskets are fully trimmed
How long has the business been established?
This Coffin manufactures was established in 2002 to specialise in the manufacturing of infant coffins and caskets for the local East Rand funeral parlours. After a year the corporation started to manufacture adult coffins and caskets and since 2005 cremation boxes as the demand was realised.
How long has the owner had the business?
Since 2014
What steps are in place to solve 'load shedding' problems?
Keeping additional stock during load shedding, performing duties that does not require electricity (Adaptive work schedule.)
What is the average KW usage?
791.6kWh per month
How does the business operate on a daily basis?
Orders received from customers are scheduled according to date required
Stock is built in accordance with usage trends
Deliveries are scheduled early morning and late afternoon
Purchases are scheduled in accordance with orders after morning delivery
How are the clients attracted to the business?
This business provides tailored solutions to meet specific client needs, setting them apart from competitors.
What Advertising/Marketing is carried out?
Word of mouth.
Does the business have any contract work?
Yes
What competition exists?
Coffin Manufacturers in surrounding towns
What are the seasonal trends?
Winter and holiday season's
Winter months often see a rise in mortality rates due to illnesses. Holiday seasons show an increase in demand for coffins because of high accidents thereby increasing sales and revenue
Is the business VAT Registered?
Yes
What VAT documentation is on file?
E-Filing
Are there up-to-date Management Accounts available?
No
What Balance Sheet and Income Statements are available?
Yearly Financials
What percentage of the business is cash/credit?
70% of the business is cash
30% of the business is credit
What is the age analysis of the debtors book?
30 days
How could the profitability of the business be improved?
Increased marketing
Is Seller finance available and for what amount?
None
What is the total staff complement?
3 staff . However these staff members will be retiring . The Owner requires that a new owner bring in 3 new staff to train ( They new staff will be trained by the old staff for the first month of take over )
Give a breakdown of staff/ functions/ length of service?
1 x Coffin Builder/spray painter (23 Years)
1 x Temp employee - sanding
1 x owner performing multiple tasks (11 Years)
1 x Cleaner (11 years)
Do any receive special perks or incentives?
No
Do any have management potential?
No
How involved is the Owner in running the business?
100%
When does the current lease end?
property owned by owner
What are the trading hours?
08:00 - 16:00
Monday to Friday
What is the square meters of the business?
120
What are the main assets of the business?
Equipment, Stock and tools
Are any items not included in the sale?
Items list will be provided with stock and tools
What is their overall condition?
Fair to good
Do any require repairing?
Normal maintenance
How have they been valued ?
~R58 000
Which assets are on lease/HP and with whom?
None
Are they presently insured?
No
Strengths?
23 Years experience
16mm wood is used to manufacture all coffins.
All coffins are secured with glue, nails and screws.
All Coffins / Caskets are fully trimmed
Manufacturing of customed ordered coffins as needed
Weaknesses?
Marketing
Opportunities?
Marketing to increase customer base
Threats?
Aging Workforce
What is the reason for the sale?
Retirement and physical demands of the work
Why is this a good business?
The business has been in operation for 23 years and takes pride in creating dignified quality coffins that meet the needs of funeral homes and families.
This business ensures timely delivery of coffins and urns to funeral homes, helping them provide dignified service to families.
Annual Turnover Amount between R 500 thousand and R 6 million
