Net Profit of R2.3m off a turnover of R10.87m.
Well known business (30yrs) offering signage (70%) & other very different service (30%) to businesses & individuals. Qualified staff, with good equipment, long standing clients, as well as, a varied offering & route to market.
Repeat clients (5-20 yrs & 20% of turnover) & another that lists this business as the preferred supplier (20yrs & 10% of turnover) are the mainstay of both divisions.
An out-of-town intermediary brings in some 8% of total turnover, adding his mark-up to the signage forwarded through him.
Word of mouth referrals, a website, google, search-engines & social media marketing also play their part.
There are no long term contracts, but preferred supplier status & repeat clients have allowed the Co. to grow.
Assets: A full list is available. They are in good condition & more than sufficient with a 2nd hand value of some R800k+
The main assets are: 6 bakkie/trucks, 5 printing machines with different purposes, designer software, computers, pastel system, various metal machines & electronics.
All are paid off except 1x flat bed print on a full rental at some R180k pa (within the business expenses)
- Asking Price:
- R5,250,000
- Sales Revenue:
- R10,870,000
- Cash Flow:
- R2,300,000
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The site is some 1 000m2 vs the buildings of some 600m2, which would be available at R32 500pm excl VAT, E, W & refuse; with an 8% escalation clause pa.
The seller owns the premises & is open to discussions on the length of lease required by the purchaser of the business; while a sale of the premises is not presently being considered (which by definition indicates that he believes in the business going forward, otherwise he would have it up for sale at the same time of the business)
Business Operation
- Management type:
- This business is employee owned (ESOP).
- Reasons for selling:
-
The owner is at the retiring age after 30+ years of operating this business
He will happily help the new blood with keeping his legacy going
- Trading hours:
-
Mon-Fri & Sat am
- Employees:
- 13
- Years established:
- 30 years
Other Information
- Relocatable:
- This business can be relocated.
