Exceptional carpentry/cabinet fitting business for sale in seaside town in the Western Cape.

Exceptional carpentry/cabinet fitting business for sale in seaside town in the Western Cape.

Introduction:

• 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.

Finances:

• Assets – a full list of assets- (including 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.