A Very Well Established, Profitable and Superbly located Building Material Supply Business for Sale

This business is located in Port Elizabeth and has been trading successfully since 2011 (9 years), with the business trading from its current location since 2013 (7 years).

The business is located along a main access route in a very well know area of Port Elizabeth.

This superbly located business specializes in the supplying of building material (sand and stone, cement, bricks) paint and hardware to both small and large building business.

The business also provides a range of additional products including cement, lintels, waterproofing, reinforcing, tools, brush ware, abrasive products, fasteners (nuts, bolts, screws, washers) and other similar products.

Customers are able to collect their requirements directly from the business’s premises or have their requirements delivered.

This business is a privately owned operation and does not form part of any franchise or franchise group.

Full training and a handover period will be provided by the Seller to the new owner.

Future growth potential for this business includes the opening of addition branches in other areas of Port Elizabeth or even in other parts of the Eastern Cape.

This business is ideal for a husband & wife team or any business person who is looking to enter the building industry market or increase their existing operating footprint.

The asking price includes all stock on hand as well as all the business’s assets (including a vehicle).

Established, Profitable and Superbly located this is undoubtedly an opportunity not to missed.

Financial Information

Current Annual Turnover:

+-R R 6 639 257 (Feb 2020)

Annual Net Profit:

+-R 380 072 (Feb 2020)

ROI%

+-41% (based on EBITDA amount)

Assets / Office Equipment:

Included in the asking price

Stock on Hand:

+- R40 000 – 50 000 (Included in the asking price)

Rent:

+-R14 000 per month

Vat registered:

No (In progress)

MORE DETAILED FINANCIAL INFORMATION IS AVAILABLE BUT WILL ONLY BE PROVIDED TO SERIOUS QUALIFIED BUYERS AT A TABLE TOP MEETING AND ON COMPLETION OF A NON DISCLOSURE AGREEMENT

BuSiness Information

Industry

Building Materials Supplier

Asking Price

R 2 400 000 (including Stock and Assets)

PROVINCE

Eastern Cape

CITY

Port Elizabeth

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Rent and Premises:

+-R14 000 per month. Leased 3 years with option to renew (Landlord approval of the new owner will be required).

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Hours of work:

Mon to Friday: 07h30 to 16h30
Sat: 07h30 to 12h00
Sun: Closed

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Buyer Profile:

This business is ideal for a husband & wife team or any business person who is looking to enter the building industry market or increase their existing operating footprint.

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Growth Potential:

This business has an already established client base, thus expansion possibilities include the expanding the business into other areas and/or increasing the product mix combined with more aggressive online sales

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Reason for selling:

Retirement from the Industry

Disclaimer: All the information contained within this prospectus is supplied in good faith and is based on information supplied by the Seller; MN Business Brokers makes no representation as to its accuracy and in no way will be held liable for any eventualities arising from the use of the information provided.

Contact Us

call

Grant – 073 556 0065

email

grant@mnbrokers.co.za

visit

Office GF001 | Kings Market Office Suite | Cnr Buffelsfontein Road & Titian Road | Walmer Heights | Port Elizabeth | 6070