Detailed financials available on request
They do not manufacture any of their products but are a resller for some of the best known brands in SA. Over the years the owner has secured several agencies for the business; the most important one being an exclusive distribution agreement with the SADEC countries for a reliable securing component, commonly used in applications generally exposed to severe vibration and dynamic loads, such as hydraulic hammers, crusher units, drill rigs, underground loaders, pumps, compressors, tracks and conveyors. Some specific products are also marketed under their own brand name. They can supply almost everything for an engineering workshop as well as some well known construction equipment. They also supply welding equipment, bolts & nuts, abrasives, adhesives, sealants, surface treatments, general power & cutting tools and are agents for some of the most well known brands. They also do repairs to power tools and provide a range of related products like rags, tapes, helicoils, PPE, hoses etc. The owner is actively involved in the business on a day to day basis. His wife works part-time in the business providing administration and debtors services. The owner does the marketing and sales, ensuring that he sees 8 - 12 potential new clients per week and tries to secure at least one new client per week. The business has shown consistent growth over the years and the growth opportunities are limitless for a focused and hard working entrepreneur. The owner's children have emigrated and him and his wife now wish to follow them. Sellers Discretionary Earnings - R 1,222,765.00 Return on Investment - 44%/2.25 Payback Period - 27 Months Price excludes VAT but transaction can be zero rated depending on VAT status of purchaser. Please contact listing broker for more information.