Highly Profitable Trucking Business

Eastern Cape

R 50 000 000

Financial Information

Detailed financials available on request

Over 20 years of excellence in transportation has made this company both reputable and very profitable as leaders in freight hauling and logistics management services.

Loyal customers and new accounts both enhance the quality and reliability of such outstanding service of excellence. The company is based in the Eastern Cape and comprises over 20 truck tractors and over 30 trailers. Included in the sale are two well developed indistrial properties from which the business operates. These properties are valued at well over R12m. The business services both long haul and medium haul market segments and is a general commodity carrier transporting commodities and hazardous material. This transportation and truck servicing company consistently provides top-quality transportation service to customers throughout Southern Africa. Ownership: The business has a single owner who is seeking a full exit in order to pursue personal interests. His staff compliment is over 50 and this includes well experienced drivers. All permits and licenses of the business including its assets are valid and the company is in good standing in terms of tax. The business has a large base of loyal, repeat clients and has a robust and dynamic operational strategy that has seen the business stand above its competition year after year. All the liabilities to be assumed as part of the purchase will be settled by the current owner which means the purchaser will have a clean profit upon acquiring the business. Over and above the companies vehicle fleet, additional equipment includes forklifts, a bull loader, mechanics tools and more. The company's location is uniquely positioned to provide the ideal logistical services complimented by 2 additional. One of the core challenges in this industry is the ongoing recruitment of qualified trucking professionals and this company has well experienced drivers most of whom been with the company for a long time. The company is well-positioned for its next significant growth spurt which means additional revenue and opportunities for the new owner are very positive. The asking price for the business and two properties is R50million (Excl VAT & Stock) with Earnings before Proprietors Drawings, Interest, Depreciation and Tax (EBPIDT) of R12,201,188 and the value of the movable assets included in the sale are worth over R38m. This is a once in a lifetime business opportunity for any investor who wants to see high returns in terms of bottom-line with a well established company which is one of the leading trucking businesses in South Africa. For further information on this listing contact the listing broker - Greg King 084 5566166. Ref: 13998 Timestamp: 20180716054541