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Selling Price: R 13,600 M
Total Sales Annual: R 18,8 M
Net Profit Annual: R 4,1 M
The company distribute essential consumable products to the manufacturing and industrial sectors and has been in operation for the past 30 Years. Apart from the 3 major companies in their field, they are by far the largest. Their diverse product range varies from standard consumables to highly specialized equipment imported from USA & China. Their customer base is small to medium manufacturing companies whom they service daily with essential consumables and equipment. The business consists of 3 branches, which enable them to react within 24 hours to any need or requirement from their customers and they have built a strong reputation of quality and punctual service delivery. Therefore, stock levels and mitigating risk of stock losses are controlled by an integrated control system with simplistic checks and balances.
The owner is also keen to sell alternatively 70% shares in the company and stay on for 36 months after takeover to interface the purchaser into the industry, after which he will be prepare to sell the balance of the shares (30%). Above scenario depend on how the purchaser will finance the transaction.
Applicants need to provide the following detail, meet the following criteria and be available for the following:
- Provide verifiable proof of R 8.5 M unencumbered cash to be invested as purchase price;
- Applicants need to raise financing for the remainder of the purchase price;
- Alternatively, supply verifiable proof of the total purchase price as indicated above;
- Complete a Non-Disclosure Agreement;
- Upon receipt of the above a compulsory introduction meeting will be arranged before any information will be disclosed.
The above process is a pre-condition of our mandate / proxy agreement with the selling party and non-negotiable in terms of this agreement. The business location and information are sensitive and can only be viewed by an appointment between the parties involved.
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