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Family business in the Building Industry for sale (Mossel Bay, Garden Route)

R 3,190,000

Property Description

An established business for sale due to the owner retiring. The business is set up with a Manager and well trained staff and is perfectly suited for the retail industry. As part of a Franchise group, support will be there every step of the way..

Ideally, the purchaser would have management experience in retail and excellent knowledge of stock control. This would make for an excellent start to a new career with many years of experience already in place.

Turnovers between R12 & R16 million per year with big government contracts already secured locally attained through social media, website & soon, e-commerce.

It was a tough year for Covid last year, but they still managed to survive and thrive. No additional loans or debt were incurred, so the company is waiting for the next enthusiastic owner to take over.

There are 33% ROI and R1 044 950 profit before owner withdrawals.

Depending on how well debtors & creditors are managed, approximately R1 million in cashflow is required.       Approximately R 900,000 is included in the price, along with a vehicle and a forklift. However, stock estimated at R 2 million is excluded from the price.  The building is rented at the moment, but the owner would also look at a buying option.

Selling price is VAT exclusive

Property Id : 2055
Price: R 3,190,000

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Trevor Young – B.Com(LAW)