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Specialised, Niche Packaging Company For Sale

Johannesburg East, Gauteng, South Africa
Freehold Price:
R17,500,000 Furniture / Fixtures included
Lease Asking Price:
R9,000,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This profitable and well established niche Packaging Company has been owned by the present owner for the past 22 years. Their Products include Moulded Fibre Boxes and Trays, Corrugated Boxes, fruit and veg trays and boxes, various Food Packaging and Palletizing buckles, pallet wrap and strapping, to name a few. The company specialises in supplying packaging mainly for Fruit Industry, and also supplies major grocery chains as well as fruit pack-houses directly, and does a lot of work for all the Fruit Exporters.
They also have 2 Packing Depots in the farm areas,1 in Limpopo and 1 in the Cape. The whole operation is run from their Head Office, which building is owned by the company, in the Eastern suburbs of Johannesburg.
The company is very well run with a streamlined efficient staff compliment, most of whom have been with the company for the past 15 to 20 years, and the owner works hands-on full time.
The business was minimally effected by the Covid Pandemic, and therefore their Turnovers only dropped slightly.
A top class business that is very profitable, with the Building being offered as an optional extra for R8.5m. The asking price for the business is R9m. Although the Seller would prefer to sell both the business and the building together, he is willing to Rent the premises to a Purchaser who only wishes to buy the Business.
A top notch business, with plenty of room for growth, and with premises that are in excellent condition, located in a very sought after area.

Property Information

Real Estate:

Available as lease or with real property included

Premises Details:

They own their own building which is conveniently located in the Eastern suburbs of Johannesburg.

Business Operation

Competition / Market:

Being a niche/specialised Packaging Company they do not have that much competition.

Reasons for selling:

The Owner is involved in other businesses overseas as well, and wishes to concentrate more fully on them.

Trading hours:

The business is open 5 days a week from 8am to 4-30pm.

Employees:
They have a Staff compliment of 12 including their Drivers.
Years established:
The business has been owned by the present owner for 22 years.

Other Information

Support & training:

The Owner will stay on for a period to be negotiated to train the new owner as to how he runs the business now, and to introduce him to his customers and suppliers.

Furniture / Fixtures value:
R3,500,000 - included in the asking price
Inventory / Stock value:
R3,000,000
Lease asking price:
R9,000,000 - Furniture / Fixtures included

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