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Shop Fitting Decoration/design/turnkey Provider Services
This unique, well-established business is more than twenty years old and has built up a reputation in the industry for quality shop fitting in retail and in the corporate environment, providing turnkey services to their clients.
They provide a one stop service starting with the initial phase of consultation and conceptualization and design, followed by in-house manufacturing and final installation – all in time for the new shop or office opening.
The business has built up an impressive client basis, ranging from prestigious corporate customers, franchisors/franchisees requirements new and upgrades, smaller retail shops and offices, providing the full spectrum of both new and revamps.
Income has grown steadily over the last few years notwithstanding economic downturns and corporate cut backs for allowable budgeted expenditure and achieved by providing an excellent track record and reputation.
The three owners now want to pursue other interests outside Gauteng
Lots of scope exists for new owners and in this regard a BBBEE partner or owners will definitely make it easier to target bigger corporate and state clients.
The business has a loyal and experienced staff compliment including a project manager and an in-house designer.
The asset base includes four vehicles and other high asset value items necessary for the manufacturing. The estimated value of the Movable Assets is R1,200m including the vehicles.
Ample space is available in the 2100 sqm neat factory.
The factory property (Land and Buildings) also belongs to the Sellers but title is in a separate legal entity. The factory can either be rented or rented with an option to purchase. Price for the property is R9,700m excluding VAT. The property is well located and close to major roads.
The price for the business excludes stock to the value of +/- R300k and VAT (if applicable).
EBPITD/SDE (Earnings before Proprietors Compensation, interest, tax and depreciation – Sellers Discretionary Earnings) is +/- R151k per month equating to a ROI of 49% and payback period of 25 months.
Included in the Operating expenses is a charge for lease rentals.
This business will suit an owner wanting to work in the business with a flair for marketing and projects.
In view of the corporate customer base, the business is ideally suited to a well connected BEE partner.
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