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Niche Ceiling Fan Assembling Business For Sale

Garden Route, Western Cape, South Africa
Asking Price:
R2,548,000
Sales Revenue:
R5,854,212
Cash Flow:
R1,689,564

Opportunity only knocks once!

One of the shareholders of this very successful and profitable family business is immigrating in February 2021. The shareholders are willing to offer a two-stage sale option as opposed to the 100% sale upfront.

The shareholders are so confident that they are offering the buyer a sustainable business, that they are now offering for sale 50% of the shares of the Company for 40% (R2,548,000) of the agreed price (of R6,370,000 for 100% shares; with a net asset value of at least R2m).

This may have advantages for both sides:
For the buyer, this will include the fact that part of the Capital outlay will be deferred for up to a year and the price of the 2nd tranche may be reduced if the business does not perform to the agreed level. In addition, the buyer will have full access to the know-how of the sellers while he/she gets to learn and understand the business.

For the seller, it offers the remaining shareholders a comfortable period to ease their way out of the business and plan the next phase of their lives. In addition, they will get to share in 50% of the profits of the business in the financial year ending February 2022.

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

This leading, very successful and profitable company specializes in assembling individually hand-built energy-efficient ceiling fans. With a national and international market presence of almost two decades, it is situated in the Garden Route, Western Cape. The company is reckoned as a reputable assembler & exporter.

Supported by a small complement of highly skilled production staff as well as a strong and experienced operational team, this business is easy to manage.

All financial figures can be verified. Please enquire for full details on this excellent opportunity offering a 39% ROI.

For more information, please contact us by using the form below.

Business Operation

Reasons for selling:

One of the shareholders is immigrating in February 2021 and a mutual decision was taken to sell the business.

Trading hours:

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

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