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  Hardware and Industrial Supplier - East Rand  

 

PROFILE    
Description:    Strong business since 1999 with healthy financials and solid infrastructure. General hardware and industrial supplier. Franchised paint dealer, key cutting, tools, health and safety, tissue paper, chemicals and so much more. Sourcing agent for varied items. Strong staff complement.
Industry / Sector:    Retail - Store
LOCATION    
State / Province:    Gauteng RSA
City / Town:    Kempton Park
Location / Area:    Suburban
Portability:    Located on a main route with high traffic volume and loads of exposure. The premises are rented so it can be relocated should the buyer want to.
PRICE    
Asking Price:    R 4 500 000
Conditions:    Final price not negotiable
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 850 000 per month
Profit:    R 75 000 per month
Annual Return:    20 % per annum
No. of Staff:    10
Year Established:    1999
Legal Persona:    Close Corporation
Other Information:     
  PREMISES  
Lease in place, renewed every 5 years and can be negotiated from the sale of the business. Landmark in the area.

  ASSET STRUCTURING  
Stock, computer structured system, point of sale system, shelving and display items, company delivery truck and bakkie included.

  STOCK VALUATION  
Stock value over R3 000 000, fair paced revolving stock on constant sale basis - no old stock lying around.

  STAFFING  
Staff already trained, 99% on permanent employment basis, floor manager with company since inception (17 years), stable and dependable staff complement.

  NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT  
Technically minded with strong management skills and good financial management knowledge.

  MARKET and CUSTOMERS  
Very strong customer base, some with us since inception. Business has a very reputable name in the area and well known for good service.

  OPPORTUNITY for GROWTH  
As this business is located in a prime location. Person purchasing the business would be assured of consistent business coming through the door and would have two focus levels:
  1. To maintain the service level with existing customers that have account facilities with the hardware
  2. Expand the business as there is more building of businesses going on in the area.

  LIFESTYLE ISSUES  
Once the new owner is comfortable in the environment, he/she would be able to rely on the infrastructure to carry the business while on leave or bring in a person to oversee the staff while away. Should you purchase in a partnership then the ease would be to alternate leave period and time off with one director being on premises at all times.

  REASON FOR SALE  
Retirement.

  NON-DISCLOSURE AGREEMENT  
Non-disclosure agreement, generic one from bizway to be implemented.

  AVAILABILITY of AUDITED FINANCIALS  
Financials are up to date and can be reviewed.

  DUE DILIGENCE  
Auditing and relevant accreditation required to run the business is up to date.

 

 

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Record ID: 2683
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