Verified Listing
Posted on August 16, 2021 / 140
Price : R16,000,000
Listing Type : Plastic Manufacturing
Location : KwaZulu Natal
Ref. No : 2762
Year Established : 2015
No. of Employees : 30
Trading Hours : 07:30 - 17:00
Lease Term : Feb 2022
Turnover : R 2 416 666 pm
Cost of Sales : R 1 833 333 pm
Expenses : R 425 000 pm
Net Profit : R 158 333 pm
Asset Value : R 12 000 000
Stock Value : R 895 373

This is a professional manufacturer of plastic containers based in Durban achieving fast growth since its establishment in 2015 thanks to its dedication to product quality and customer service.

The business is now for sale as the two main shareholders are no longer able to be involved full time at the business and one has reached retirement age. Latest business performance (Feb 2021): Sales: R29m, GP: R7m, EBITDA: R 1.9m. Fixed Assets: R 12m. Asking price is R16m, excluding stock, based on a 3-year discounted cash flow projection

* Abel Acuna – LP – KZN North Coast