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Cupboard Board Manufacturer In Durban For Sale

Durban, KwaZulu - Natal
Asking Price:
R5,700,000 Furniture / Fixtures included
Sales Revenue:
R23,500,000
Cash Flow:
R3,200,000

Excellent NP of R3.2m against a SP of R5.7 (off a turnover of R23m) - Owner willing to remain on as MD - just too much for him to handle alone.

Manufacturers & supplies high quality cut & edged board to client (individuals & trade) specifications for Bedroom, Kitchen & Vanity cupboards.

Good Turnover/NP’s/Assets supporting a medium business, that could be expanded further, with the more Technical Seller (rather than strategy/ financial) staying on to assist - it’s just getting too big for his comfort levels.

The business specialises in the supply of boards that are cut and edged to clients specification for use in Kitchen,Bedroom and Vanity cupboards. The end users are the Retail Market as well as Contractors and Shopfitters . The split between the Retail Market and Contractors/Shopfitters is about 50/50.
The business has a Head Office as well as three satellite branches , two in Durban and one on the South Coast. The business also does some design and supply of fitted Kitchen and Bedroom cupboards.

The Head office has 2 X CNC Machines, a Wrap Machine, 3 x Panel Saws,an Edging Machine , a Router and a Spray Booth, 4 x Delivery Vehicles, CCTV and the usual Office Furniture and Office Equipment.
Each of the Branches has similar equipment except for the CNC Machines, Spray Booth and Vehicles.
A full list of all assets will be made available at a due diligence stage.

STOCK IS SOME R865 000 on top of the Sale Price

Property Information

Real Estate:

Lease

Location:

Manufacturing occurs in a good building within a North Durban Industrial area, while there are two Durban & one South Durban Outlet Branches.

Business Operation

Expansion Potential:

A strategy/financial buyer should be able to take this business higher.

Reasons for selling:

The Technical Seller (rather than strategy/ financial) is willing to stay on to assist - it’s just getting too big for his comfort levels.

Employees:
42 incl 2 managers
Years established:
16

Other Information

Furniture / Fixtures value:
R3,000,000 - included in the asking price

Contact Information

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