Verified Listing
Posted on May 28, 2020 / 448
Price : R6,514,000
Listing Type : Distribution
Location : Johannesburg
Ref. No : 2640
Year Established : 2013
No. of Employees : 6
Trading Hours : Retail Hours
Lease Term : Feb 2021
Turnover : R 750 000
Expenses : R 114 000
Net Profit : R 158 000
Asset Value : R 4 170 000
Stock Value : R 1 446 000

The business was established in 2013 and is well positioned for growth, with clients throughout Sub Saharan Africa. The business provides pancake machines and equipment to the leisure and hospitality industry and it has a manufacturing division which produces ready mixes and exports to other countries such as Hong Kong, Singapore, UAE and Saudi Arabia. The business has an average monthly turnover of R750 000 and a net profit of R158 000 pm. The asking price is R6 514 000 excluding stock, which is estimated at R1 446 000.

Eric Abrahamson – Broker Sandton