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Transport and Logistics - Well Established

 

PROFILE    
Description:    Long standing transport company. Two of the main lines of transport are the ATM transport for FNB and Nedbank. Numerous other existing customers established over 17 years. The transport manager who is also the liaison with a number of the business customers, will remain. Transport up to 8 ton. Seller will remain for a period after take over. Fleet of trucks to the value of R11 million. Huge growth potential for a BEE buyer. Only serious buyers to apply with pre-approved funding.
Industry / Sector:    Transport
 
LOCATION    
State / Province:    Gauteng RSA
City / Town:    East Rand
Location / Area:   
Portability:    Highly Portable - Can be operated from almost anywhere without much disruption of operations.
 
PRICE    
Asking Price:    R 15 000 000
Conditions:    Non Negotiable
 
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 2 150 000 per month
Profit:    R 371 000 per month
Annual Return:    30 % per annum
No. of Staff:    25
Year Established:    2001
Legal Persona:    - unknown or withheld -
Other Information:     
  GENERAL OPERATIONS  
Transportation of goods including Bank ATM's. Huge potential for further expansion in the Banking industry.

  PREMISES  
The current premises is leased with the lease expiring mid 2019.

  STAFFING  
Stable staff. All staff salaries and negotiations are via the bargaining council.

  NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT  
The skill to operate can be learned on the job. The seller is prepared to remain for an extended period to accomodate a smooth transition. Key staff members will remain in place.

  OPPORTUNITY for GROWTH  
Huge opportunity for growth for a BEE buyer. Additional income will be derived from the main customer base once BEE owned.

  REASON FOR SALE  
Owner wishes to retire due to his age.

  NON-DISCLOSURE AGREEMENT  
A non-disclosure agreement will have to be signed by any prospective buyer before any detailed information is made available.

  AVAILABILITY of AUDITED FINANCIALS  
Audited financials and management accounts are all up to date and available.

  PROOF of FUNDING REQUIREMENT  
Pre-approved funding to be in place before any offer will be accepted by current seller.

  HANDOVER ARRANGEMENTS and TRAINING  
The seller will stay on for an extended period. Depending on the the terms of the sale the seller is prepared to remain for up to 24 months.


 

 

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Record ID: 2762
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