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SOLD by ALDES - June 2018
Sale Price of R1.65m with a Net Profit of R1m pa.
Navigation, lighting, etc equip - representing 5/6 well respected international companies with Agency Agreements in place. A high level of technical understanding is not required, but rather the ability to understand the products & their performance (from the brochures/tech sheets).
Tenders (approx. 80% 0f turnover but can vary) & business opportunities (5%) are sought & developed, while existing clients (15%) might call in for quotes. Once an order is confirmed it is sent through to the manufacturer, with (on occasion) delivery directly to the client, normally within 2 weeks (air) & 2 months (sea). The present owner does not really partake in new business development which is an opportunity especially for non-tender business (some R2m possible). Calls do come in w.r.t. problems with the product & that is immediately fed through to the manufacturer for input or addressing (including technicians being flown out to SA).
Work from home anywhere in SA, although Durban is where the business is presently situated and it is SA's biggest port, as well as being close to R/Bay & King Shaka International Airport.
Conduct business development which the present owner does not really partake in.
Increase the service offerings, by adding value in the form of a “service division, which could open-up other revenue streams as the necessary skills are not always available “in-house” as concerns the clients.
3 other companies with different agency agreements/international companies - who's products & pricings vary
Owner retiring & moving
9-16h00 Monday -Friday
The seller will assist in all regards, while the International Suppliers & their technicians are always available
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