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LocationSouth Africa, KwaZulu-Natal

Sector - Sales & Services

Asking Price
R2,700,000
Monthly Profit
R 48,885
Asset Value
R 1,214,000
Stock Value
R 0
Yearly Net Profit
R 586,620

Summary

Family owned and managed Courier & Freight Service business based in KZN Inland. It is well placed in a farming and tourist destination with an office/depot in Pietermaritzburg with easy access to many rural areas covered on their routes.Currently the main office is in rural area but potential to move to or open offices in main city centres, eg Pmb/ Kokstad/Howick/Richmond. The potential to grow this business is enormous with the current online buying trend which has increased in need due to COVID.

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Fully describe the business's activities?

Family owned and managed Courier & Freight Service business based in KZN Inland. It is well situated in a farming and tourist destination and office/depot in Pietermaritzburg with easy access to many rural areas covered on their routes.Currently the main office is in rural area but potential to move to or open offices in main city centres, eg Pmb/ Kokstad/Howick/Richmond. The potential to grow this business is enormous with the current online buying trend which has increased in need due to COVID.

How could the profitability of the business be improved?

Marketing. Huge potential to increase routes.

How involved is the Owner in running the business?

The owner is involved in the day to day running of the business.

When does the current lease end?

The business is operated from Offices on owned property.

What are the main assets of the business?

The main assets are vehicles plus office equipment and furniture.

Strengths?

Unique situation, 2 trips/day t major centre. Personal service. 21 Years same owner.

Weaknesses?

Insufficient Marketing (no website).

Opportunities?

Marketing. Extending Routes.

Threats?

Competition. Riots/protests/road closures.

What is the reason for the sale?

The owners are retiring.

Location

Contact | Enquire

Mike

Mike Smith CA

LocationSouth Africa, KwaZulu-Natal

Preferred method of contact

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