Business-to-Business Office Furniture and Equipment in Swellendam

On Promotion in Business-to-Business

Clear All

Suggested

Results for Business to Business Needs in Swellendam in Swellendam

R 11,000,000

Save

The asking price is based on Selling 51% of the business. The total value is R21 million. THE OFFERING - The Founder and Shareholder would like to retire within the next year or two. To achieve this, he is prepared to initially sell a controlling shareholding (from 51% and above) and structure an agreement to sell all of his shares over a negotiated period. The asking price depends on the actual % shareholding to be acquired by the Buyer – The total includes fixed assets valued at R2,5 million and stock of R7million. The Negotiated final price will be determined by the final value of stock on hand as at take-over date, adjusting for other assets and liabilities. BRIEF OVERVIEW - The business was started in 1997, primarily to service the agricultural industry with new technology in the area of farming practices, initially in the Western Cape. They were also involved in pioneering purpose machinery, by developing methods to apply the practical technology on farms. They followed up and built an internationally renowned Harrow under licence from Australia. The business stayed up to date and informed on best farming practices as the zero till technologies have developed over time, adding in their own product line best suited to the harsh soil conditions of the Western Cape. They have taken many products through their R&D development phase right up to a successful production line and the well-recognized brand, that stands for affordable, quality and longevity. Being solution orientated, their products are continuously reviewed and improved as market feedback is received. They have recently been approached with new concepts in the mining industry and the company and the founder managed to turn the concept into a functioning product, that has been patented world wide. (The next step is negotiating a manufacturing contract with this company in order to manufacture their product or parts thereof). FINANCIAL INFORMATION - ANNUAL EBIDTA - R3,850,000 to R4,200,900 Detailed financials will be made available to approved buyers in terms of the signed confidentiality agreement (NDA) and all the information can be verified. The financial information reflected above is based on Turnover, gross profit and EBIDTA extracted from the 2023 Management Accounts. The SWOT ANALYSIS and detailed notes regarding 2023, will be provided in the evaluation pack that is available subject to approved buyers in terms of the signed NDA. POTENTIAL - The Seller is prepared to initially dispose up to a 51% (or higher) controlling interest; to either an individual or a corporate , that probably operates in a similar industry. They are well positioned to go through a phenomenal growth phase in the next few years. REASON FOR SELLING - Retirement within two years Further details can be viewed here. https://fairbro.co.za/BUSINESSES-FOR-SALE/

21d