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Very profitable International Licensed Pancake Mix Supplier and Manufacturer for sale. 70% of turnover is exported.
This is an incredible opportunity to buy an extremely sort after, one of a kind, manufacturing, export business, securely lodged with licenses, necessary food and health certifications, established overseas customers, and which has proven itself to be highly profitable, and successful, over many years. Overheads are kept to a minimum, with the business easily managed by a staff of three, ( 2 Production and 1 Admin. ), other than two sales reps.
Net Profit before tax achieved for year ended 29 February 2020 was R1.9 million. Covid-19 had a devastating affect on the business in that it relies mainly on Hotels for its business. Realistically, in order for this business to return to its former glory, Hotels need to reopen and life needs to return to normal, which no one can predict as to when it will happen. Although, business has slowly started up again, with small orders coming in from Hong Kong and locally, therefore it will happen consistently over the future months. It is understood, that time will be needed for full recovery. In August, 3 pallets waffles + 3 pallets Popcake for Hong Kong, and 4 pallets Popcake for UAE orders, were received and processed. In order to mitigate Covid, extra opportunities have been opened up, and constantly being pursued. For example, Waffles have been added to the product list, a Jam product, Doughnuts and Soft Serve are new products being developed, as well as new areas for sales are being opened up.
This is another example of a very successful business being adversely affected by Covid, and being sold at half the price it could have commanded, prior to Covid.
Price: price R3.7 million, plus stock of Ingredients R900,000, including machines worth R2 million.
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