Filters
LocationNamibia, Windhoek & Central

Sector - Retail

Asking Price
N$2,500,000
Monthly Profit
N$ 140,907
Asset Value
N$ 2,356,060
Stock Value
N$ 3,000,000
Yearly Net Profit
N$ 1,690,880

Summary

A market leader in the design, supply and installation of wholesale and retail storage and display systems

Give me more information

Fully describe the business's activities?

With over 40 years of experience this business has become the market leader in design, supply & installation of wholesale and retail storage and display systems. Their products include warehouse racking and shelving; Gondola shelving and display systems; mezzanine floors; materials handling equipment; steel cabinets including lockers & various furniture from steel beds to cupboards and canteen units. They supply Parrot and Vitrex products such as white boards; notice boards; pin boards and chalk boards.

How does the business operate on a daily basis?

This is an owner run business whereby the current owner manages all areas of his business. They have four in-house installation teams, an administration department with an accountant, in-house welders, joiners and a sales department.

What Advertising/Marketing is carried out?

Small advertising in the local newspapers every 3 months.

What competition exists?

There are two other competitive businesses such as this one in Namibia.

How could the profitability of the business be improved?

The profitability of the business can improve by using subcontractors for the installations and joinery work. The current employee compliment within the installation, joinery and welding departments can be reduced by approximately 50% on new owner takeover.

Give a breakdown of staff/ functions/ length of service?

A breakdown of the staff and functions is available to buyers during the due diligence stage. The length of service varies from 2 years to 10 years.

Do any have management potential?

Yes, there are currently employees with management potential.

How involved is the Owner in running the business?

The owner is involved with the running of the business on a regular basis.

When does the current lease end?

The current lease agreement ends March 2024.

What are the trading hours?

The trading hours of the business is Monday to Thursday from 07h00 to 17h00 and Friday from 07h00 to 16h00.

What are the main assets of the business?

The main assets of the business are the vehicles and stock.

Strengths?

This business supplies top grade products and receives continued, professional support from its suppliers and in turn offers top technical support to its customers.

Opportunities?

There is an opportunity to move into further joinery and engineering sales.

What is the reason for the sale?

The owner plans to retire.

Location

Contact | Enquire

Ursula

Ursula Gollwitzer

LocationNamibia, Namibia

Preferred method of contact

Logo
Access to the number one business broking tool to get your business sold.
We've got you covered!

We offer an innovative and intuitive

solution for selling your business, franchise and premises

Promote

Promote

your business for sale

Advertise

Reach

the right audience

Gain

Gain

more exposure

Sign up for our Sellers' Portal Affordable monthly packages
Man

Knowledge Bank

Get the latest information, valuable tips and share in the professional knowledge of business experts on selling or buying a business

Buyers

Buying Your First Business

As an entrepreneur, you are always on the lookout for a new opportunity, or to compare your business

Checking the Numbers

Before taking over a business, one should always conduct a proper due diligence. In fact, it is ad

Sellers

What makes a great Business Coach?

A great ActionCOACH first and foremost has a passion for business, as well as a passion for helping

Common Mistakes to Avoid when Valuating an Online Business

Unlike other businesses, the online venture may not have any tangible assets such as property, machi

Employees - The Cornerstone of any Business

Employees drive the goodwill of the business and in the case of a change in ownership represent cont