We are proud to offer this established, highly profitable 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 10 years ago. The business has shown continued profitability over the years, which provides an extremely exciting opportunity for the new owner.
The business has two main revenue streams and these are mainly warehousing and distribution.
Warehousing:
The business rents approximately 4,000 sqm of warehousing for multiple local and international customers. This
section of the business contributes about 50% of the annual revenue. A total of 3 Forklifts are utilized across the warehouses.
Distribution:
A fleet of 7 (8-ton and 10-ton) owned vehicles provides distribution services in an approximate 200 km radius and long-distance deliveries are outsourced to 3rd party long distance haulers.
In the last year 2 triaxle truck and trailers have been introduced to also start moving containers from the Ports to customers in the area.
The business has a turnover of just over R13,000,000 with a net profit (SDE) of approximately R3,200,000 for the 2024 financial year. The excellent profits are backed by a well run set of financials.
This outstanding business is on the market for R8,975,000 (excl. Vat). The business has strong opportunities for growth and the selling price offers exceptional value for money.
The business is operated from two Close Corporations and it is the intention of the sellers to sell the members interest of the Close Corporations, thus allowing a buyer to continue running the business optimally and without change.
This truly exceptional business is on the market as the Majority seller has relocated due to other business opportunities.
This provides a truly remarkable opportunity for a buyer to buy an exceptional business.
