Ref. No - BFS00260
South Africa, South Africa CountrywideRef. No - BFS00260
Sector - Sales & Services
Summary
The security industry in SA has for the last 20 years been in an upward growth trend due to the increase in crime in SA on all community levels including residential/commercial/industrial sectors
Unfortunately this trend will continue due to the economic/geopolitical situation in SA and therefore private security companies will be in demand for many years to come
The owner of these 2 refined and exclusive businesses (sold as one entity), saw the need in this sector, and has for over 15 years, grown his business into a feasible business adding on new technology through the years, and a new owner can add new technology in the future as the security sector expands into new technology
By providing this service, the clientele through the years have experienced peace of mind where this business has blended in harmoniously with the surroundings and as a result of that, their clients are loyal and long term subscribers to the variety of services offered by this business
The 2 businesses at this stage covers all the necessary elements of a fully fledged security company including but not limited to online monitoring via a centralized centre, onsite installations like gates/fences/tracking systems etc
The only reason for selling is that the owner is venturing into a new business and wont have time to manage both businesses
Give me more informationIs the business VAT Registered?
Yes its VAT registered
The combined financials of the two businesses are as follows-
Annual Turnover R10 million
GP 70%
NP (EBITDA) R1,8 million (average over the last 2 years
Selling price R7 million
What is the reason for the sale?
The owner is starting a new business
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