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Long Established And Profitable Kitchen Manufacturer For Sale

Eastrand, Gauteng, South Africa
Asking Price:
R5,900,000 Furniture / Fixtures included
Sales Revenue:
R9,600,000
Cash Flow:
R2,100,000
  • This factory was established 14 years ago in JHB East and is manageroperated.
  • Trading Hours Monday to Friday, 8am to 5pm.
  • Seller/Owner visits briefly for admin purposes a couple of times each week.
  • Operated by 17 x permanent and experienced staff as well as 5 x parttimers.
  • Seller secures high value development contracts annually which this factory is responsible for producing.
  • The seller also operates a project management company which relies on this factory and will continue doing so when the factory is sold.
  • Recent independent valuation of manufacturing assets: +/ R1.6 million.
  • Average Turnover of +/ R800 000 monthly.
  • Average EBITDA profit in excess of R175 000 monthly.
  • Seller is also the owner of the property on which this factory operates.
  • Rent of R23 000 per month with marketrelated annual escalation.
  • Purchaser will need to have +/ 4 months of initial working capital available for business monthly expenses.
  • Seller is fully occupied at his project management business and wants to end his responsibilities at the factory.
  • Asking Price: R5.9 million (excluding stock / materials on hand at takeover time)

Further information will only be shared upon signing of an NDA and Proof of Funds

Property Information

Real Estate:

Lease

Lease Terms:

Flexible as seller owns property.

Leasehold Rent:

R276,000 per annum

Business Operation

Management type:
This business is owner operated.
Reasons for selling:

Owner wants to focus on his Project management business and will order from the new owner.

Trading hours:

Mon - Fri: 8am - 4.45pm.

Employees:
17 permanent and 5 temps.
Years established:
14

Other Information

Support & training:

Full handover by owner.

Financing available:

No.

Furniture / Fixtures value:
R1,600,000 - included in the asking price