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Import and On-Line Sale of Electronic Pest Control Products

PROFILE
Description:		The business was founded in 2004 and is run by the owners. There are no staff. ROI over the last 7 years has averaged 28% (before non-cash items). Due to the declining health of the principal owner, advertising and marketing efforts have declined and driving the business has been a lesser priority. With a hands-on approach and proper marketing there is scope for unlimited growth. Operations across the African continent could be very productive. There is one Cape Town based competitor.
Industry / Sector:		Retail - OnLine

LOCATION
State / Province:		Gauteng RSA
City / Town:		Johannesburg
Location / Area:		Randburg
Metro Proximity:		Johannesburg. It should be possible to commute from this metro city to the business location.
Portability:		Ni limitations as this is an on-line business.

PRICE
Asking Price:		R 168 000
Conditions:		Plus stock. Negotiable subject to conditions

FINANCIAL & OPERATING INFORMATION
Turnover:		R 25 000 per month
Profit:		R 8 000 per month
Annual Return:		57 % per annum
No. of Staff:		0
Year Established:		2004
Legal Persona:		Close Corporation
Other Information:		. GENERAL OPERATIONS . The business imports and sells electronic pest control devices that get rid of unwanted pests in an environmentally friendly manner. Currently sales to individuals (20%) take place on an online website, while sales to businesses (80%) are generated from telephonic and website enquiries. Products are the packaged and shipped by courier to the customer's premises. There is no installation as the units are all 'plug and play' type devices. . PREMISES . The business runs from the owners home. . ASSET STRUCTURING . The fixed assets of the business consist of normal office equipment, computer, printer, etc. The value of these items which are easily disposed of total R9,000. The only other asset is stock on hand. . STOCK VALUATION . Minimal stock levels are maintained as the time of door-to-door shipment from the main supplier is less than 10 days. There is no obsolete stock and returns are virtually non-existent. Stock is valued at cost and includes shipping expenses. The price of the stock would be in addition to the 'Indication Price', and determined at time of sale. . STAFFING . There are no staff. . NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT . Ideally the buyer would be sales orientated and able to operate within social media platforms. . MARKET and CUSTOMERS . The business has repeat customers and change of ownership would not change this. There is one competitor who operates from Cape Town and they appear to be growing their business at a consistent rate. This shows that the overall market can be grown and the opportunity for sales into Africa is tremendous. . OPPORTUNITY for GROWTH . Suppliers are continuously creating and improving their products. The use of various social media platforms for marketing opportunities has not been explored. . LIFESTYLE ISSUES . The website operates on 24/7 basis with trading hours determined by the owner. . REASON FOR SALE . The principal owner suffered a heart attack recently and other health issues have been identified. Retirement beckons. . NON-DISCLOSURE AGREEMENT . Any interested party will need to be prepared to complete and sign an non-disclosure agreement. Confidentiality could impact on staff issues and/or affect supplier and customer relationships and for these reasons the NDA will specify the limitations on use of information supplied. This protects all parties involved. . AVAILABILITY of AUDITED FINANCIALS . The latest financial statements produced by our auditor are to 29/02/2024 while management accounts to November 2024 are also available. . DUE DILIGENCE . A prospective buyer would be welcome to inspect any document or computer records subject to the signing of an NDA. . SALE CONDITIONS . The purchaser is to acquire the whole business, including the shares in the business, goodwill, operating assets and stock at cost. The seller is unable to offer any form of finance. Warranties on profit or turnover are excluded. . PROOF of FUNDING REQUIREMENT . A potential buyer needs to demonstrate that they have access to the required unencumbered cash funds to finance 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. . HANDOVER ARRANGEMENTS and TRAINING . The owner will stay on for a 30 day handover period and then be available on an ad-hoc basis for a further 30 days.

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Record ID: 2915

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