Detailed financials available on request
Their products are vinyl flooring, laminated flooring and composite decking. The dynamic owner recognised an opening in the market and in 2009 imported two containers of the product which immediately sold out at Decorex. Since then the company has grown exponentially and is being positioned by the owner for further dynamic growth. Their positioning is all about eco-friendliness, beauty, healthy living and elegance of natural looking wood without impacting on the sustainability of living forests. The products looks like wood, is water-resistant, 100% recyclable and has a lifespan of up to 20 years. The owner has been preparing the business for sale for the past year, and to that end procured the services of a consulting firm and business mentor to develop and implement an extensive business plan, processes and procedures to ensure the sustainability of the business once she moves on. She will be available for an agreed handover and consultation period. The business has achieved exceptional growth over the past three years, growing revenue by 106% in 2015, 39% in 2016 and 62% in 2017 and is well positioned for further growth organic growth with the introduction of new ranges and new products. Other growth opportunities are through the establishing of a branch network, or increase in the national distribution footprint. The business has a well thought out marketing strategy through social media and industry expositions, and an increase in the direct sales activity will maximize marketing efforts. The business carries a large stock-holding due to the lead times on the importation of the product, and to ensure rapid response and agility to client requirements, as orders quickly become perishable if it cannot be fulfilled. this The business is for sale at R 19,250,000.00 and excludes VAT if applicable, and stock. Stock is currently around R 17,000,000.00. *EBPIDTA 2016 : R 7,418,143.00; Return on Investment 38%; Payback - 31 Months. *Earnings before Proprietors Income, Interest, Depreciation, Tax and Amortisation.