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Wholesale / Distribution Opportunity In George For Sale

George, Western Cape, South Africa
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"Property Description: Wholesale and Distribution Opportunity in Garden Route

About this business: This business specializes in the wholesale, distribution, and retail of frozen goods, ice cream, sweets, and candies, coupled with general convenience and supermarket products. All these items are available at very cost-effective rates and competitive prices. Your typical clientele will not only be the general public but also spaza shop owners, café owners, and convenience shops, to name a few.

History: This is a franchise that has stood the test of time, with a history exceeding 60 years. You can rest assured that they are here to stay. The key products are manufactured in SA and distributed nationally. This particular branch was established in the 1970s, and the current owner has been in it for the last 6 years.

Staff: 15 skilled and loyal staff members.

Scalability: Due to the nature of this business, it has a very strong “summer trade.” The current owner has already embarked on expansion plans and will share them with the new owner.

Figures: Annual revenue around R35million, delivering earnings circa R1,9 million (EBIT)

Assets and Inventory: The assets is valued at R1,252,900. Inventory is excluded from listing price. Inventory varies but currently valued at R3 million ex VAT at cost.

Reason for Selling: Immigration

Selling Price: R6,690,00.00 ex VAT ex Stock in Trade"

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