Ice Manufacturer And Supplier Durban For Sale

SOLD Nov 2021 by ALDES - Cliff Bell
Easily manageable factory, with supply arrangements with 2 top Corporates & numerous middle/ small intermediaries (>80).
The Sale Price is R2.65m, with a Net Profit of some R940 000 pa (off a turnover of some R4.5m).
The NP could be increased by an owner operator being fully involved vs the present slightly involved owner, thereby reducing staff/costs, while improving the NP to some R1.2m; which will further improve post-COVID & with the return of events, thereby re-establishing the past 2020 R5.6m turnover figures.
This 20 yr factory manufactures ice cubes & blocks at some 30% to 100% of capacity from its quietest to busiest (Dec) periods. Products are manufactured from tap water that has gone through an on-site purification process, through the large 3 cube makers & blast freezer (blocks) into the cold storerooms (4), before being dispatched via the Co's insulated boxed trucks (3), to the 80 odd clients / intermediaries' sale shops/points, some of which have the approx. 50 Co. freezers for storing the ice.
Past AFS are available with latest being 2021 which were used for this Report.
A turnover of some R4.5m as at Feb 2021, followed on from the previous R5.6m, R4.4m, and R3.7m; with the present year looking to repeat the 2021 R4.5m results; followed by growth back to the previous R5.6m, once events etc are again allowed.
NP's have also grown annually (except for COVID), to reach an Owners Discretionary Income for Feb 2021 of some R940 000, which with a fully committed owner-operator, rather than the present mainly absent owner, would mean a salary saving taking the earnings to some R1.2m pa.
The main assets which are all in working condition & under utilized except for absolute peak season, consist of :
3x ice cube makers (1 being paid off within the expenses of this report before declared NP ); 1 x blast freezer room for ice block making; 3 cold rooms; 50 sales point freezers; 3 x delivery vehicles with insulated back boxes (2 being paid off within the expenses of this report before declared NP); 1 x sales rep vehicle; water purification & jojo equipment; office equipment.
2nd hand replacement cost would be some R800 000 (excl fitting), but having cost some R2m.
The owners private vehicle is not included.