|
PROFILE |
|
Description: |
|
The principal commenced building AC Cobra replicas in 1984 and has since built and sold 500 of these popular cars, mostly to the local market. This business was one of the first replica manufacturers worldwide and the first on the African continent. The vehicle geometry has been redesigned and the business is now being relaunched. |
|
Industry / Sector: |
|
|
| |
|
LOCATION |
| State / Province: |
|
Western Cape RSA |
| City / Town: |
|
Cape Town |
|
Location / Area: |
|
Suburbs - Light Industrial Area |
|
Metro Proximity: |
|
Cape Town. It should be possible to commute from this metro city to the business location. |
|
Portability: |
|
Up for discussion with the principal and Investor |
| |
|
PRICE |
|
Asking Price: |
|
R 4 400 000 |
| Conditions: |
|
Investor must be committed to full investment terms |
| |
|
FINANCIAL & OPERATING INFORMATION |
| Turnover: |
|
R 875 000 per month
|
| Profit: |
|
R 186 025 per month
|
| Annual Return: |
|
51
% per annum
|
| No. of Staff: |
|
6 |
|
Year Established: |
|
1984 |
|
Legal Persona: |
|
Private Company (Pty) Ltd |
|
Other Information: |
|
.
RECENT PRODUCT HISTORY
.
The principal has always been concerned with high speed handling and safety of the early cars which was considered to be a problem with the original AC Cobras. A better chassis was required so he designed a stiffer multi-tube chassis that also addressed criticism from tall drivers who complained that the seating position is too high in a Cobra.
.
ASSET VALUATION
.
A major portion of the investment amount will cover the acquisition of fixed assets and components.
.
STAFFING
.
The planned head count starts with six and increases to nine during year two and then to 13 in the following year.
.
INVESTOR'S SKILLS and EXPERIENCE REQUIREMENT
.
This is a critical issue which would need to be discussed with the principal.
.
OPPORTUNITY for GROWTH
.
Export market opportunities are considerable. One of the added benefits of investing in the Cobra project is that the NEW partnership will take care of everything. We will take care of hiring staff, building the distribution line, accounting, building the strategic position of the business, marketing and more. You can breathe in knowing we got this. Let your investment grow with confidence and pride.
.
REASON FOR SALE OF SHARES
.
The principal requires a a working partner, who will add value - 50% equity of a business for a small investment in exchange to participate in high returns in the short term.
.
NON-DISCLOSURE AGREEMENT
.
Any interested party will need to be prepared to complete and sign an non-disclosure agreement. This protects all parties involved.
.
AVAILABILITY of CASH FLOW AND PROFIT FORECASTS
.
Detailed spreadsheets and forecasts will be provided to interested investors, subject to signing a CONFIDENTIALITY AGREEMENT.
Year 1 projections are presented above while year 2 projected sales are R18 million with NPBT at R7.3 million.
.
DUE DILIGENCE
.
A comprehensive and detailed investment plan is available for perusal by the potential investor, subject to signing a CONFIDENTIALITY AGREEMENT.
.
PROOF of FUNDING REQUIREMENT
.
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 provide any documentation, business details or financials and will not accept any offer unless the proof of funding has been provided.
.
TRAINING AND ORIENTATION
.
Will be discussed between the principal and investor.
-----[ Click the above image to see an enlarged graphic. ]-----
|
©