"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
They specialise in the field of lifting equipment such as Overhead Cranes (Double and Single Girder Overhead Cranes) and carry out load and deflection testing in order to ensure that our clients comply with the requirements of the OHS Act. They have built up a reputation for giving excellent professional service at a competitive price.
They have local and national design expertise to install any solution from a single hoist to a fully automated system such as overhead cranes.
How long has the business been established?
Since 1995
How long has the owner had the business?
Since inception
How does the business operate on a daily basis?
Their trained technicians specialise in providing comprehensive support for all lifting equipment needs. They are fully equipped, from rapid response to emergency breakdown, to professional consultancy for new equipment.
How are the clients attracted to the business?
Word of mouth and website
What Advertising/Marketing is carried out?
None
Does the business have any contract work?
None
What competition exists?
There are many other similar companies
What are the seasonal trends?
None are evident.
Is the business VAT Registered?
Yes
What VAT documentation is on file?
Available to serious buyers
What percentage of the business is cash/credit?
All the revenue is on credit, but this is very well managed
What is the age analysis of the debtors book?
24% current, 73% 30 days, balance >30 days
How could the profitability of the business be improved?
Marketing
Efforts of a younger owner
What is the total staff complement?
13 staff in various roles
Give a breakdown of staff/ functions/ length of service?
1 Service Manager
1 Service support
3 technical staff
1 Supervisor
1 lift inspector
3 assistants
1 Cleaner
1 bookkeeper
1 Tackle division administrator
Do any receive special perks or incentives?
None
Are they on contract?
Yes
Do any have management potential?
There are managers in place
How involved is the Owner in running the business?
Owner is on site 2 times per week.
Owner does the special or bigger quotes, makes payments, runs the business
Who would be an ideal buyer?
It would ideally be someone with cranes and lifting equipment experience.
When does the current lease end?
The building is owned by the seller
Is there an option of renewal & what period?
A new lease will be signed with the buyer
What are the trading hours?
Monday to Thursday 07:30 to 16:30
Saturday 07:30 to 12:30
What is the square meters of the business?
Building is 444 square metres
The yard is 5,200 square metres
Are any items not included in the sale?
Cranes and fixtures in the building
Strengths?
Established for decades
Well known in the industry
Competent and well-trained staff
Weaknesses?
Buyer must have some technical crane knowledge
Opportunities?
Energised and younger owner will ensure growth of company
Threats?
Many other smaller companies
What is the reason for the sale?
Owner is retiring
Why is this a good business?
The key advantages of this business are as follows:
⢠Proven Track Record: Operating since 1995, the business boasts a rich history
⢠Diverse Revenue Streams: Offers a full suite of services including supply, installation, maintenance, repairs, and compliance testing
⢠Specialised Expertise: Highly trained technicians provide 24/7 support, ensuring minimal downtime and maximum client satisfaction.
⢠Regulatory Compliance: All testing and services align with the Occupational Health and Safety Act, adding credibility and peace of mind for clients.
⢠Scalable Infrastructure: The Material Handling Centre is equipped to handle everything from single hoist installations to fully automated systems
⢠Strong Market Position: Known for reliability and technical excellence, the business enjoys repeat contracts and referrals from satisfied clients.
Annual Turnover Amount between R 500 thousand and R 6 million
