Search results from Fair-Bro International business-sales.co.za - Full detail for a Single Listing

HIRE OF PORTABLE SANITATION UNITS AND WATER STORAGE TANKERS, SERVICING MULTIPLE INDUSTRIES (nw/frb 082 583 4851))
THE SELLER IS URGENT AND WISHES TO RETIRE.

 

Business Profile :

 
Main Business Activity: HIRE OF PORTABLE SANITATION UNITS AND WATER STORAGE TANKERS, SERVICING MULTIPLE INDUSTRIES (nw/frb 082 583 4851))
THE SELLER IS URGENT AND WISHES TO RETIRE.
 
FBi Reference Number: Ser1095
   
Industry: Services - Hire (Industrial)
   
Description: BRIEF OVERVIEW -
• The original business was started in 1994 and since then, they have been actively involved in identifying problems experienced by their clients and coming up with cost effective solutions.

• A second business was established in the Hire products sector, servicing many industries, that is operated in a Close Corporation.

• The BUSINESS services the following INDUSTRIES/SECTORS:
* Agriculture * Education * Government * Media * Medical * Mining (construction and engineering) * Services

• The HIRE PRODUCTS and SERVICES are supplied under these headings:
• WATER RETICULATION SYSTEMS, SANITATION & HYGIENE; including a sub-headings of products:
• Portable toilets, Water Tankers, Water tanks and Wheelie Bins.

PROPOSED TRANSACTION -
• The principal is planning to retire and is looking to structure a transaction to sell his shares in the CC, hand over the reins and take a back seat after an initial hand-over period; that will eventually resulting in his total exit from the businesses.

   
 

Location:

 
Province / Country: (RSA) North West
 
City / Town: RUSTENBURG
 
Location / Area: Industrial Area
 
 

Asking Price:

 
Currency: ZAR - South African Rand
 
Asking Price: 1,800,000
   
Inventory 245,000 (included)
   
Flexibility: The Seller has agreed to reduces the asking to under R2 million.
The asking price is based on the value of Fixed Assets, the Net Current asset Value of the CC - there is no cost of control (goodwill) and this FINAL PRICE as calculated as at 29th February 2016, is Not Negotiable.
The only variable that will affect the final price, will be determined at the date of take-over after taking into account of the closing balance sheet and final financial statements.
   

Financial Information

 
Turnover: 165,250 per month
   
Profit: 577,970 per annum
   
ROI: 32.11% per annum
 
 
 

Other Information :

 
Total Number of staff: 6
 
Year Established: 2009
 
Ownership: Close Corporation
 
Potential to relocate: High
 
Other Information: DISCLAIMER REGARDING INFORMATION:
• No representation or warranty, express or implied, is given as to the accuracy or completeness of the contents of this profile.
• The only representations and warranties that will be made are those that may eventually be included in a definitive agreement to the proposed sale of the vendors interests in the business.
• Neither this profile nor any of the information contained in it shall form the basis of any contract for such sale, nor does it constitute an offer, invitation or inducement to purchase or acquire any shares in the business or any interest in it.

GENERAL INFORMATION -
• The businesses have great credentials, with various vendor numbers allocated by institutions and companies.
• The rental is reasonable and if required, the premises can be relocated, as the lease is on a month to month basis.
• The combined businesses are female empowered BBEEE

FINANCIAL INFORMATION -
• Detailed financials will be made available to approved buyers and the seller can verify all trading.
• The financial information reflected above is based on the combined trading for the two businesses - Turnover (excl VAT) and EBITDA for the year ended 29th February 2016 and based on the Audited Financials.

POTENTIAL -
• The business has built strong relationships over 20 years and the businesses are poised for immediate expansion, either by adding other products or extending into supplying other sectors.
• This opportunity will be of interest to either an Entrepreneur or an established corporate (Local or Overseas), that is operating in a similar Industry or business.

REASON FOR SELLING
• After a working career of 50 years, the Principal has decided to retire and pass the reins to a younger person with new energy and ideas.
• The seller is prepared to assist in a hand-over period of up to 3 months .

PROOF OF FUNDING REQUIREMENT
• Interested parties MUST be able to demonstrate that they have access to the required funds to finance a cash transaction purchase.
• In terms of the mandate signed with the Brokers, the Seller will not entertain any discussions, or consent to provide any details or documentation; or accept any offer unless you first meet this criteria.
The Potential Buyer will need to provide proof of these financial requirements in your initial enquiry.

FULL DETAILS WILL BE PROVIDED BY THE APPOINTED BROKER SUBJECT TO SIGNING A CONFIDENTIALITY AGREEMENT (NDA).

 
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