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Niche Ceiling Fan Assembling Business For Sale

Cape Town, Western Cape, South Africa
Asking Price:
R6,370,000
Sales Revenue:
R5,854,212
Cash Flow:
R1,689,564

Are you a hands-on entrepreneur with strong marketing and financial management skills? This is a business that will offer you a secure and above-average income, while you enjoy a quality lifestyle in the Western Cape.

The company is a leader in the luxury ceiling fan market throughout Southern Africa and the Indian Ocean Islands. It manufactures as well as imports top-end handcrafted timber ceiling fans and has built up over two decades a loyal customer following amongst leading interior designers, architects, property and hotel developers as well as discerning private residential homeowners.

Having fully recovered after the lockdown this profitable niche business is virtually recession-proof and is well-placed to take advantage of the long-term growth in the tourism industry as well as the trend toward green and eco-efficient building and design solutions.

The business is presently owner-run with a small complement of highly skilled production staff. Labour -intensive aspects of the manufacturing process are outsourced resulting in little need for workforce supervision and management.

The company administration is impeccable, and the owners are offering for sale 100% of the shares in the Company. The asking price includes a tangible net asset value of not less than R2.1m. All financial figures can be verified.

Business Operation

Reasons for selling:

One of the shareholders is immigrating in February 2021 and a mutual decision was taken to outright sell the business or take on an active working partnership with a 50% shareholding in the company, with the view for the remaining shareholders to exit the business by February 2022.

Trading hours:

Monday 07h30 - 16h00
Tuesday 07h30 - 16h00
Wednesday 07h30 - 16h00
Thursday 07h30 - 16h00
Friday 07h30 - 14h00

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