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 ref # 173


R 72 000 000 (4 260 355 EUR*)

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R 12,685,752.00
R 41,317,368.00

Agro Growing Process Business

This type of business rarely comes on the market. Rare opportunity to purchase a highly successful, well-managed Agro Growing / Processing Business. The business operates in a niche sector, that is rapidly growing. The business is over 22 years of age and has established itself as a strong player in this sector.

The business has built up a strong client base of mainly blue-chip clients. Approximately 70% of its sales go to the retail market and 30% to the wholesale market.

The industry has high barriers to access and as such the business has limited direct completion within a large area.

The demand for the product they produce is constantly growing and bodes possibly for the business to continue growing at over 10% per year for at least the next 10 years. Approximately 4 years ago the business went through large capital expenditure and all the facilities were upgraded to the most modern technology, this upgrade also means that no further capital expenditure will be required for the next 5 years to accommodate the expected continued growth of the business.

The business is well-staffed and most staff members have been with the business for a long period of time. There is a full management team in place, which gives the owners flexibility in managing their business. They do make themselves available at the business on a daily basis and this is merely at oversight level as they are not involved directly in the day-to-day operations.

The business has shown to be consistently profitable over the past several years. From the financial summary, one can see that the total revenue in the 2021 financial year did drop to less than the 2020 financial year. This can be directly linked to the hard lockdown experienced in the early period of the 2021 financial year. From June 2020 the business has recovered back to normal trading figures.

The business has clear financial data and strong controls, allowing perspective business to easily undertake full due diligence.

The business, movable and immovable assets are all owned in a close corporation. The Sellers are looking to sell their member's interest in the close corporation.

This exceptional business comes highly recommended and we strongly suggest that buyers take a look.

Staff:  78 staff members.
Asset Value:  R 47,000,000.00
Cash Flow:  R 12,685,752.00
Years Established:  23 years.

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Greg King, estate agent

+27 (0)84 556 6166
+27 (0)44 012 5004
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