About this Business: Whilst Health and Fitness is a hot topic, there is no better time to invest in this going concern!
This company specializes in the manufacturing of outdoor training and kids play gyms. All items are predominantly made from timber and all suppliers are local. This business is 100% relocatable as it is not dependant on the Garden Route to generate sales. In fact a large portion of their installations happen nationally and internationally. This company has an export licence and have a fair market share in African countries. They also regularly export to Mauritius and Seychelles.
History: This business has been in existence for 30+ years, and operates profitably and successfully.
Staff: 4 skilled and loyal staff members are already in employ and ready to continue with the guidance of the new owner
Scalability: This business is extremely scalable as for the scope to branch out, extend on existing product range, advertise to more African countries. The seller already have designs and installation instructions for additional products not yet advertised and marketed. Registration on Take-A lot complete. You just need to add stock items.
Figures: Annual revenue exceeds R3 million with a Nett of R629,940 (EBIT)
Tenders: Tender submission will be a frequent occurrence as they are registered with various municipalities and government databases. Currently the seller awaits the finalisation on a 3 year tender submitted. This could increase the T/O by R12mil should they be successful in their submission.
Working Hours: Monday to Thursday 8am – 5pm, Fridays 8am – 3pm
Assets: The asset inventory is valued at R312,000. (included in selling price)
Inventory: Inventory circa R100k ex VAT at cost. Please note: Inventory not included in listing value.
Reason for Selling: Owners would like to focus more on other business interests.
Selling Price: R1,672,000.00 ex VAT
ROI: 58%
