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-The Global organisation started in 1984 and today has offices in 61 countries in the world with agents in most other countries.
-It employs between 1300 and 1500 employees globally.
-The local operation was registered in 2012 and there were two locally based partners in addition to the International principal shareholding but one of the local shareholders sold its interest.
-The premises were purpose built for the operation and the business occupied it in 2018.
ACTIVITY / MARKETS;
It is essentially an Air & Sea Freight Forwarding operation offering start to end supply chain solutions.
Revenue streams in the business include:
- Freight Forwarding administration
- Logistics / transport
The client base is diverse, but strengths include the automotive, aviation, events logistics and general industrial market segments.
-The company have a decent annual budget to spend on corporate gifts and activities to sustain ongoing awareness and brand building, as well as additional promotional and exhibition activities to achieve client growth.
- International activities brings automatic local representative involvement.
- The business has a website with electronic marketing activities to attract additional clients.
- it employs 5 dedicated individuals tasked with internal and external sales & promotional activities.
- Its sectoral focus is particular successful with word of mouth expansion as a result.
3 year plus 3 year option with 8% escalation.
R690,000 per annum
East Rand Based premises with easy access to airport, container depot and highways for distribution purposes.
-The premises consist of approximately 5000 m2 under cover space of which 4000m2 is utilised for warehousing and a further 1000m2 for office and administrative functions.
-A further 2500m2 yard space is used for vehicle activities including loading and storage.
-The building is purpose built for the business but owned by a 3rd party. --The business has a 3 year lease with 3-year renewal option which can be exercised towards the end of 2020.
An 8% annual escalation applies for the initial 3-year lease period.
Multi Billion Rand market segment.
Constant and ongoing sales and marketing activities in a process of expanding brand awareness and client loyalty.
- The business operates in a multi-Billion Rand market segment with approximately 20 large multinational competitors and 100’s of smaller local and independent operators.
- Multi Nationals work on a strong internal network across all borders, superior communication and IT systems and can offer superior services as a result and at better margins.
The Seller has been in the sector for a very long time and has achieved great success. He wants to emigrate to the US and develop his current hobby into a semi-commercial business for retirement.
The business is essentially a 24/7 operation, but official office hours are between 8 and 5 Monday to Friday.
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