Business Traders are proud to offer this established, logistics business which is situated in a prominent coastal city of the Eastern Cape and offers excellent logistics support to a wide range of clients.
The business was started over 25 years ago and was purchased by the current owner over 7 years ago. The business has shown continued profitability over the years and is currently entering a growth phase, which provides an extremely exciting opportunity for the new owner.
The business has two main revenue streams and these are mainly warehousing and distribution.
The business rents approximately 11,000 sqm of warehousing for multiple local and international customers. This section of the business contributes about 50% of the annual revenue. A total of 5 forklifts are utilized across the warehouse.
A fleet of 8 vehicles provides distribution services in an approximate 30 km radius and long-distance deliveries are outsourced to 3rd party long-distance haulers.
The business has a turnover of close to R 11,000,000 with an average net profit (EBIDTA) of approximately R 3,500 000 for the last 2 years. The excellent profits are backed by a well-run set of financials.
The business is on the market for R18,000,000 (excl. VAT). The business is currently on a strong growth curve and the selling price offers exceptional value for money.
This truly exceptional business is on the market as the seller wishes to emigrate in the coming years and this provides a truly remarkable opportunity for a buyer to buy an outstanding business.
|Staff:||12 full time, Including an operations manager|
|Rental:||R1,625,000 Excl Utilities per year|
|Cash Flow:||R3,500,000 per year. R291 666, per month.|
|End of Current Lease:||On Request|
|Years Established:||25 years.|
|Trading Hours:||Mon- Fri: 07h30 to 17h00|