Property Description
| *EXCLUSIVE MANDATE*
Property Description: Wholesale / Distribution Opportunity in Garden Route About this Business: This business specialize in the wholesale, distribution and retail of frozen goods, ice cream, sweets and candies coupled with general convenience and supermarket products. All these items are available at very cost effective rates and competitive prices. Your typical clientele will not only be the general public but also spaza shop owners, café owners and convenience shops to name a few. History: This is a franchise that has stood the test of time with a history exceeding 60 years. You can rest assured that they are here to stay. The key products are manufactured in SA and distributed nationally. This particular branch was established in the 70’s and with the current owner for the last 6 years. Staff: 15 skilled and loyal staff members. Scalability: Due to the nature of this business it has a very strong “summer trade.” The current owner has already embarked with expansion plans and will share such with the new owner. Figures: Annual revenue around R35million, delivering earnings circa R1,9mil (EBIT) Assets and Inventory: The assets is valued at R1,252,900. Inventory is excluded from listing price. Inventory varies but currently valued at R3mil ex VAT at cost. Reason for Selling: Immigration Selling Price: R6,690,00.00 ex VAT ex Stock in Trade |