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PROFILE |
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Description: |
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This business imports and sells spare parts for the road transport industry from originally being a dealer in motor vehicles and tyres. Brands such as DAF, Iveco and Renault are represented along with major Chinese brands. Also carried are ROR, BPW and SAF parts for trailers. The customer base is stable and wide comprising individuals, companies and sugar cane processors.
NOTE: Located in Mauritius. |
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Industry / Sector: |
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Transport |
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LOCATION |
| State / Province: |
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Mauritius |
| City / Town: |
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Port Louis |
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Location / Area: |
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Portability: |
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Low Portability - Relocation is not possible. But there may be limited value in licences, patents, technology or access to clients and suppliers which would add value to a similar operation at another location taking over
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PRICE |
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Asking Price: |
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R 25 000 000 |
| Conditions: |
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Negotiable subject to conditions. Includes all assets and stock. |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 1 200 000 per month
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| Profit: |
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R 400 000 per month
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| Annual Return: |
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19
% per annum
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| No. of Staff: |
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8 |
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Year Established: |
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2006 |
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Legal Persona: |
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Sole Proprietorship |
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Other Information: |
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GENERAL OPERATIONS
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The day-to-day business is the import sourcing and local retail selling of spare parts for trucks and trailers.
The business is located in Port Louis and ''Outdoor Sales Staff'' market the sales throughout the island. Most of the sourcing is from Turkey and China and the supplier provide exclusive arrangements to reduce any threat of competition.
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PREMISES
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All necessary leases are in place.
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STOCK VALUATION
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The current stock level is around R5m (ZAR) and stock moves fast with a very low old-and-slow component.
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STAFFING
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All staff are well trained with strong company loyalties.
Two have over 10 years service and two are over7 years with the company.
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NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT
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No special skills or experience would be required of a new owner as there is good depth of competence in the staff. It is anticipated that an ownership transfer would not adversely impact the business.
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OPPORTUNITY for GROWTH
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In almost 20 years of trading this business has experienced steady growth. Recent expansion into the Chinese brands such as Shacman and Howo present new growth opportunity and diversification.
The market for parts for the fast growing Chinese brands is expected to be a natural growth area.
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LIFESTYLE ISSUES
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Office hours are Mon-Fri 8:39am-4:30pm and from 8:30am-12:00 noon on Saturdays.
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REASON FOR SALE
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The owner wishes to concentrate on other business interests which are more suited to the family succession plans.
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NON-DISCLOSURE AGREEMENT
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Any interested party will need to be prepared to complete and sign an non-disclosure agreement. Confidentiality could impact on staff issues and/or effect supplier and customer relationships and for these reasons the NDA will specify the limitations on use of information supplied. This protects all parties involved.
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AVAILABILITY of AUDITED FINANCIALS
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All financial reporting as per Mauritian requirements are up to date and available.
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DUE DILIGENCE
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A due diligence has been recently performed by a recognised Mauritian chartered accountant.
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PROOF of FUNDING REQUIREMENT
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A potential buyer needs to demonstrate that they have access to the required unencumbered cash funds to finance the cash transaction portion of this purchase.
The seller will not accept any offer unless the proof of funding has been provided.
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HANDOVER ARRANGEMENTS and TRAINING
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The seller is willing to be available for a negotiated period to assist with handover training. Further to that he would probably be able to provide consultancy help.
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