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Share International Freight Forwarding In East Rand For Sale

East Rand, Gauteng
Asking Price:
R20,000,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R1,070,000,000
Cash Flow:
R12,000,000

History:
-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
- Warehousing
- Logistics / transport
- Financing
The client base is diverse, but strengths include the automotive, aviation, events logistics and general industrial market segments.
MARKETING:
-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.

Property information

Real Estate:

Lease

Lease Terms:

3 year plus 3 year option with 8% escalation.

Leasehold Rent:

R690,000 per annum

Location:

East Rand Based premises with easy access to airport, container depot and highways for distribution purposes.

Premises Details:

-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.

Size in square feet:
5000m2

Business Operation

Expansion Potential:

Multi Billion Rand market segment.
Constant and ongoing sales and marketing activities in a process of expanding brand awareness and client loyalty.

Competition / Market:

- 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.

Reasons for selling:

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.

Trading hours:

The business is essentially a 24/7 operation, but official office hours are between 8 and 5 Monday to Friday.

Employees:
The local operation employs 53 employees in total. - Financial manager - HR manager - Operations manager - 3 external sales representatives - 1 internal representative - 1 Commission sales agent - 1 sectoral Team leader / coordinator - Drivers and warehousing staff + 10 to 12 - General administration controllers 30
Years established:
6 years

Other Information

Support & training:

Negotiable

Furniture / Fixtures value:
R3,000,000 - included in the asking price

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