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SOLD March 2021 by ALDES - Cliff Bell
The Sale Price is R395 000, excl stock of some R90 000, off an improving turnover (even during this COVID yr) of R1.36m (excl VAT) & on which a R242 000 Net Profit /Owners Discretionary Income (incl owners benefits) was derived.
Healthy Pet Food & Accessory Supplier in Outer West Durban, that is focused on internet & deliveries making it a simple business to operate with low overheads - which could be operated from home & increase profits to R300 000pa OR grow it by opening a shop (instead of it's present warehouse) which would open up another revenue stream.
MA's will show monthly variances from R90 000 to R135 000 across the year.
The MA's are drawn off SAGE which is linked to the Bank Acc & website, allowing for clear accounts to be drawn as & when required.
This Report was drawn up from the 2020 Management Accounts, while the 2021 MA's show similar results (excl the 3 worst COVID Hard lockdown months, with improved results thereafter, indicating that the growth in the business continues).
Clients pay via the web, eft, or cash, with most paying immediately or within 7 days, & only some 30% pushing outwards towards 30 days after delivery.
Outer West of Durban
A warehouse in an Industrial Area, consisting of some 40m2, houses the office, display & freezers. The lease rate is some R4 000 pm (excl E&W) & is on a month to month basis, which the landlord would be happy to extend with a new owner; as well as, extend the co-operation on the present transport arrangement (a cross-subsidisation is achieved by both of them).
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