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Suppliers to the Home Industry, Bakeries and Home Bakes, Schools etc.

 

PROFILE    
Description:    This business supplies home industries, bakeries, home bakers, schools and businesses with quality baking products and has done so for 27 years. The business operates from owned property (for sale also under separate agreement). Sales are also generated by internet system, deliveries etc.
Industry / Sector:    Distribution and Retail
 
LOCATION    
State / Province:    Gauteng RSA
City / Town:    Johannesburg
Location / Area:    Suburban
Portability:    Property can be purchased for R650 000 plus they utilize a second property for storage and baking courses. This property can be leased from owner, however, the business can be easily relocated.
 
PRICE    
Asking Price:    R 2 500 000
Conditions:    Price will depend on stock level at time of take over and there is a possibility to negotiate.
 
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 780 000 per month
Profit:    R 140 000 per month
Annual Return:    67 % per annum
No. of Staff:    11
Year Established:    1992
Legal Persona:    Close Corporation
Other Information:     
  MARKET and CUSTOMERS  
Customers include bakeries, home industries, schools and businesses

  OPPORTUNITY for GROWTH  
Market opportunities - currently embarked on internet marketing.

  LIFESTYLE ISSUES  
Trading hours. Monday to Friday 8.00 - 5.00 and Sat. 8.00 - 1.00

  REASON FOR SALE  
After 27 years the owners wish to retire.

  NON-DISCLOSURE AGREEMENT  
Prospective buyer will have to complete and sign an NDA. because confidentiality is vital in that staff and customers no become aware of sale until the business is sold.

  AVAILABILITY of AUDITED FINANCIALS  
Can provide management accounts only. A due diligence is necessary, to prove profitability.

  DUE DILIGENCE  
Serious buyers who prove to have necessary funds will be allowed to have access to all records.

  SALE CONDITIONS  
Seller would prefer cash sale, however, a buyer with sound credentials etc. may negotiate for seller finance for portion of the price.

  PROOF of FUNDING REQUIREMENT  
Buyer will be require to provide sound proof that they are a serious buyer with the necessary find for the purchase price together with the necessary working capital.

  HANDOVER ARRANGEMENTS and TRAINING  
Seller will stay on for one calendar month to handover, however, the current staff are very experienced at their individual tasks.They all have a good relationship with all the clients. From a personal point of view, my wife has been a customer of theirs for 20 years and has always received excellence service and attention.


 

 

Access a ''Contact Form'' where you can provide your own contact details and ask any relevant questions. The form will be sent directly and immediately to the seller of this business.
Record ID: 2806
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