Fully describe the business's activities?
This Business specializes in and has developed processes for bottle printing, including cylindrical, square, and oval (flat) bottles.
They also print promotional items of various shapes and materials as well as big and small buckets.
They cater to the needs of small, often one-time customers with very diversified requirements.
How long has the business been established?
Since 1991 - the owner has had the business since 2011.
How does the business operate on a daily basis?
The owner is fully involved in the Business.
The client will supply artwork which is then prepared for printing. The positives are manufactured and the Setter / Printers work on preparing the project.
How are the clients attracted to the business?
The business is not doing any marketing. The owners believe that word of mouth and their excellent service levels. is that brings business in.
Does the business have any contract work?
The majority of the clients are repeat clients who keep on coming back.
What competition exists?
There are much larger companies that specialize in printing in large volumes.
The owners know what size jobs he wants to take on.
Is the business VAT Registered?
Yes
Are there up-to-date Management Accounts available?
Yes - to be provided during Due Diligence.
What is the total staff complement?
Staff varies between 25 - 30, depending on the projects.
Give a breakdown of staff/ functions/ length of service?
12 staff members have been there for longer than 5 years.
10-15 are less than 5 years at the business - mostly trained casuals
For example, the seasonal / project demands more staff when printing wine glasses or water bottles.
Staff roles:
Forklift drivers, screen makers, setters, maintenance guy, packers and 8 printers.
Do any have management potential?
2 staff members does have management potential.
How involved is the Owner in running the business?
The owner is full time involved. He is willing to give his skill as consultant as and when needed.
The owners wife does all admin, HR and finances.
When does the current lease end?
The current lease expires in January 2025.
Is there an option of renewal & what period?
Yes - 2 years
What is the square meters of the business?
+- 1000sqm with additional 150sqm of office
Is a copy of the lease available?
Yes
What are the main assets of the business?
Printing equipment
Cylindrical printing machines
Cylindrical bucket printing machines
Pad printing machines
Manual cylindrical printing machines
Manual flat printing machines
SZD 102A printing machine
UV curing tunnels
Conventional heat curing tunnel
Screen exposure machine with vacuum bed
Plate exposure machine (for pad printer)
Compressor MATTEI ERC1022L
Compressor COMPAIR START 25
Portable compressor
Forklift TOYTA
Ceramic baking kiln 40 cubic foot
Ceramic baking kiln 10 cubic foot
Flatbed manual foiling machine
Rotary heat foiling machine
CCTV system
Various other equipment
Various size screens
Various mandrels
What is their overall condition?
Fair
Strengths?
The Business has a niche with clients that wants to do smaller job runs.
Weaknesses?
Owner dependant knowledge
Opportunities?
Marketing and Sales reps - just by getting a sales rep, the owner believes the business can grow by 20%
What is the reason for the sale?
The owner and his wife wants to retire.
Why is this a good business?
The owner is willing to do a longer than usual handover.
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