Are you a Business Owner?
Set up your Private Seller Account and create your listing todayGet Started Here
A confidential transport business is now for sale ! The Sale Price is R13.8m off a turnover of R35m & a Discretionally Income/NP of some R5.9m pa !
It consists of a unique fleet configuration (with over 30 truck/trailers) & comprehensive service profile, which allows for a wide variety of clients of over 1 500 (none > 10% of the approx R35m turnover & top 30 contribute 44% of turnover).
Over 50 staff (incl mechanics) operate from 3 rented properties in KZN & Gauteng.
A new owner would need to take over from the Seller as CEO or employ such. Below him are an admin/fin manager & dispatch/HR manager.
Due to vendor numbers & past relationships, the purchase of the shares will be the probable route. The Sale Price is for the business as a going concern, with the Current Assets & Liabilities due before the Effective Date being to the benefit/responsibility of the seller, while all assets/liabilities after the Effective Date are to the benefit/responsibility of the purchaser.
This Report is based on 2020 AFS (R35m turnover), with the 2022 results looking to be very similar thereto, after a R29m turnover COVID 2021 outcome.
The full-detailed array of expenses are covered within the very clean AFS, MA's & this Report, inclusive of the vehicle repayments (which are financed over 5 years at approx. R10m in total at any one stage, or R2.5m pa repayments within the expenses before the NP calculation; normally with deposits thereon being obtained through old unit sales), thus the declared NP is Discretionary Income of the Owner after all expenses (but before his decision on benefits vs Co stated profit, for tax efficiency).
Off a turnover of R35m the Discretionally Income/NP is some R5.9m pa.
The majority of clients pay by eft within 30-40 days, with the book being some R2.5-3m, of which 73% is current, 18% 30 days, & 9% 60 days.
Owner is returning to his previous profession and will be available on a consultant/promoter basis if required
If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.Sell Your Business