Detailed financials available on request
Well known brands are also being imported. The business has a large customer base varying from wholesalers and walk in customers. Cash sales make up +/- 65% of the total sales and the remaining part is being done on a credit base to loyal repeat customers. The business premises are well located with good visibility and placed centrally in Gauteng. The newly acquired building also belongs to the Sellers but can also be bought for R10m; otherwise a long term lease can be negotiated with option to purchase. The profit is stated after allowing for a rental charge. Sellers Discretionary Earnings, also known as EBPITD (Earnings before Proprietors Drawings, Interest, Tax and Depreciation) is +/- R650,000 per month on a normalized basis and offers an excellent ROI. Included in the total price of R14,000m (Excl VAT, if applicable) is stock to the value of +/- R4m and an asset base of +/- R1,260m, including 4 vehicles. The business has shown tremendous growth over the years and built up an excellent reputation for good service. The business will benefit further from direct marketing by appointing reps. This is a great and exciting opportunity for an entrepreneur who wants to work in the business or for an investor to appoint a Manager to run the business, which is operating on very convenient hours.