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SOLD by Cliff Bell of ALDES 1 May 2021
2020/21 looks to reaching an EBITDA of some R3m off R15.5m turnover.
24/7 roadside assistance to the trucking industry, in respect of any problem - across KZN, but H/off in Durban (West). Manager run, but replace strategy/ business development owner.
Some 410 contributing clients: top cumulative 5/10/20 being 15/26/36% of turnover respectively.
7 fully fitted service vehicles (2017-2020) & the managers one - varying from the top one that has absolutely everything that could be required on the road, down through to a light van focusing more on the electrical side.
Repayments are some R800k pa (excl the owners vehicle which is not included), & with 20 months left from Jan 2021. They cost some R2.8m & would be worth some R1.4m if sold.
In addition, there is :
Equipment in each vehicle & workshop costing some R350K & worth some R100k on a 2nd hand sale basis
Computer equipment (2015-20) & furniture costing some R500k & probably worth some R200k 2nd hand, at least.
Manager (+3 yrs: non-working hours manning of phone & then normal M-F),
2 admin ( <1 yr each: M-F: calls, schedules, ordering, invoices, accounting up to but not incl AFS - which the external accountant provides)
5 mechanics - all rounders (1-2 yrs: 2 qualified & 3 just experience)
N3 Route base:
2 mechanics - all rounders (3 yrs just experienced & 7 yrs qualified )
Seller will assist with the handover, while the present manager (not CEO) is experienced.
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