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LocationSouth Africa, Mpumalanga

Sector - Sales & Services

Asking Price
R1,700,000
Monthly Profit
R 32,945
Asset Value
R 710,000
Stock Value
R 100,000
Yearly Net Profit
R 395,339

Summary

Give me more information

Fully describe the business's activities?

This is a well established distributor of personal protective equipment (PPE) for the mining industry as well as a host of various other industries. The business supplies high quality protective workwear as well as a wide range of safety equipment including protective face and eye wear and respiratory and hearing protection, in compliance with the Occupational Health and Safety Act. The company also provides an embroidery service for personalised products. This business has earned an exceptional reputation in the industry over the last 20 years and has a solid base of longstanding clients and suppliers.

How does the business operate on a daily basis?

Supply agreements are reached with various clients who then provide forecasts of their requirements an agreed upon period. Products are sourced and stock is held and distributed in accordance with these requirements.

What Advertising/Marketing is carried out?

The business has a really nice website featuring comprehensive catalogues of all their product offerings. The company also regularly updates their social media pages and participates in various networking functions.

How could the profitability of the business be improved?

Appointing a dedicated sales team to actively drive new business would improve the profitability exponentially.

How involved is the Owner in running the business?

The owner is actively involved in overseeing the day to day operations of the business.

When does the current lease end?

The premises are owned by the seller and a lease agreement will be negotiated with a new buyer.

What are the trading hours?

The business operates from 8am to 4:30pm during weekdays.

What are the main assets of the business?

Assets include embroidery machines, vehicle and office and storage equipment. A full list of the assets will be provided.

Strengths?

This is a well established business with a solid client base and an exceptional reputation for high quality products and outstanding service. Easy to run, with low overheads. The company is 100% black owned and has a BEE status of Level 1.

Weaknesses?

There is currently very little focus on driving new business.

Opportunities?

There is an excellent opportunity to increase revenue with an active sales team.

Threats?

General economic threats.

What is the reason for the sale?

The seller would like to relocate.

Location

Contact | Enquire

Angela

Angela Smith

LocationSouth Africa, Mpumalanga

Preferred method of contact

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