Long Established And Profitable Kitchen Manufacturer in Eastrand For Sale

 

• This factory was established 14 years ago in JHB East and is manageroperated.
• Trading Hours Monday to Friday, 8am to 5pm.
• Seller/Owner visits briefly for admin purposes a couple of times each week.
• Operated by 17 x permanent and experienced staff as well as 5 x parttimers.
• Seller secures high value development contracts annually which this factory is responsible for producing.
• The seller also operates a project management company which relies on this factory and will continue doing so when the factory is sold.
• Recent independent valuation of manufacturing assets: +/ R1.6 million.
• Annual Turnover R8, 950 000.
• Average EBITDA profit in excess of R120 000 monthly.
• Seller is also the owner of the property on which this factory operates.
• Rent of R23 000 per month with marketrelated annual escalation.
• Purchaser will need to have +/ 4 months of initial working capital available for business monthly expenses.
• Seller is fully occupied at his project management business and wants to end his responsibilities at the factory.
• Asking Price: R3.9 million (excluding stock / materials on hand at takeover time)

Further information will only be shared upon signing of an NDA and Proof of Funds

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Property Information
Real Estate: Lease
Lease Terms: Flexible as seller owns property.
Leasehold Rent: R276,000 per annum

Business Operation
Management type: This business is owner operated.
Reasons for selling: Owner wants to focus on his Project management business and will order from the new owner.
Trading Hours: Mon - Fri: 8am - 4.45pm.
Employees: 17 permanent and 5 temps.
Years established: 14

Other Information
Support & Training: Full handover by owner.
Financing available: No.
Furniture / Fixtures value: R1,600,000 - included in the asking price