Summary

If you are a creative/innovative person with experience in the carpentry/woodwork/cabinet fitting business, then this business is for you

The services include traditional cutting/edging boards, handcrafted solid wood furniture, bar units, bathrooms, bedrooms, decks, doors, balustrades- in fact the whole full range of relevant products

The owner has built this business up over 20 years and wishes to retire now- but the owner is open to suggestions regarding the selling of a % shares and continuing on a basis to be decided and agreed with a new owner

The area and surrounding towns where this business is situated in, had a growth much higher than the rest of the Western Cape and definitely more than the rest of SA, and is continuing on this growth phase

Besides this, more and more people (due to increase in the interest rates and building a new home), are deciding to renovate their existing home increasing the base of possible clients, besides the existing database built up over 20 years of satisfied clients

Another possible extension of the business, would be buyers of homes and sellers of homes where alterations/fixing needs to be done

Give me more information

How long has the business been established?

2007

Is the business VAT Registered?

Yes it is VAT registered

Assets – a full list of assets- (incl the factory power equipment) is available- the value of these assets at replacement value amounts to R2,4 million

Sales amounts to an average of R367,800 per month

GP amounts to 51% average thus equals R187578

NP (EBITDA) including add backs amounts to R38,957 per month

Selling price

R1,6 million- this includes stock which will be determined on take over date