SOLD by ALDES
This well established technical training provider services Durban, South Africa & Africa with its array of training interventions & affiliated services - accredited with various SETA's. The client base consists of many blue chip companies, with some contracts in place. Service delivery, expertise, a unique footprint in the training market and growth have ensured its success & future. An excellent Sale Price of R4.5m on increasing Turnovers & Net Profits of R7.6m and R2.5m pa (R3.3m incl an abnormal aspect that occurs evry 1-3 years) respectively (Management Accounts 2017). Figures for 2017/18 should realise some R8-10m and R2.7-2.9m pa respectively, (based on contracts in place already). Training includes: pneumatics, electronics, mechanical, welding, millwright, etc.
About 80% of the business is obtained on a contract basis that would normally last about 1-3 years, depending on what contract/training intervention it is. These clients normally then re-enter into such contracts for further similar periods. Normal training even if not "contract " based lasts between 2 - 6 weeks on average.