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Leading Importers And Distributors Of Fish & Seafood For Sale

Gauteng, South Africa
Asking Price:
R42,000,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This business has been owned by the present Owners for the past 32 years and has been a brilliant success since day one! They've had consistent growth year on year since inception. They are one of the Leading Importers and Distributors of Seafood and Fish in Gauteng. They have a Contract in place with one of the top National Supermarket Groups, with payment terms that state that they receive payment on the 15th & 30th of each month. They also supply a lot of Franchise Supermarkets who pay them COD, as well as other resellers and well known national wholesale food distribution companies, to name a few.
It is important to note that they own the building that they work from, and have a tenant from whom they receive a monthly Rental as well. They are extremely well known in the industry for their quality and service, and do not advertise or have any reps on the road. Their premises are extremely well laid out and their equipment and fridges are of the best available, and which premises are exceptionally clean and well organized. Along with their Staff, the owners run the business 'hands-on', and will stay on for a period to be negotiated with the new owner to allow for a smooth transition for all concerned. It must be noted that the business is being sold together with the property, and is a brilliant opportunity for buyers that have experience in distribution and wholesale, and who wish to become the Landlord of their own premises.
A top business built on a foundation of 32 years, yet still with plenty of room for growth for an entrepreneur to continue to grow a business, which has only been slightly affected by the Covid Pandemic, and which business is still very profitable indeed. Not to be missed!!

Property Information

Real Estate:

Real Property Included

Location:

The Business is located in Gauteng

Premises Details:

The building belongs to the Seller and is being sold together with the Business. The price of the Building alone is R20,000,000-00.
All their Assets are included in the sale, which means all the fridges, computers, furniture and all other equipment in use, as well as 5x 'nearly new' Refrigerated Trucks, plus a Generator that can run the whole business during Loadshedding.
The price quoted for the Business includes the price of the property, which makes it a Total of R42m, excluding their Stock, which is valued at approximately R2.6m.

Business Operation

Expansion Potential:

There is plenty of room for expansion depending on how big the new owners wish to make the business. Their delivery area can be expanded, and they can buy more trucks and import bigger quantities of stock. It is also probably a good move to advertise on the Internet and Social Media, and to put full time Reps on the road. The opportunities are endless!!

Reasons for selling:

The Owners wish to join the rest of their family overseas.

Trading hours:

The business operates 5 days a week from 4-30am to 6-30pm, and is closed weekends.

Employees:
They have a Total of 11 employees including the drivers.
Years established:
They started the business 32 years ago, and now own the building as well

Other Information

Support & training:

The Seller will stay on to train the new Owner as to the way the run the business now, for a period to be negotiated.

Furniture / Fixtures value:
R8,000,000 - included in the asking price
Inventory / Stock value:
R2,600,000

Contact Information

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