Exciting Very Profitable Wholesaler And Distributor Gauteng
About this business for saleExciting Very Profitable Wholesaler And Distributor Gauteng
An exciting wholesaler and distributor, stationary supplier established many years ago offering a wide range of stationary and office consumables.
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 ±70% 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 and a lease agreement will be available to the new owner.
Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation) is R1,110 m per month and offers an excellent ROI of 49,5%. The profit is stated after allowing for a rental charge. The asking price of R26.9m includes stock to the value of ±R10m and an asset base of +-R800k (including 4 vehicles) and excludes VAT.
The reason for the owners wanting to sell is that they want to retire and focus on family matters.
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.