Purchase an exceptionally well managed business in Namibia.

Purchase an exceptionally well managed business in Namibia.

Introduction:

• With an estimated growth of 3,5% per annum in Namibia (much higher than SA), and certain sectors like oil/gas exploration, renewable energy, commercial growing at a higher rate, any buyer should seriously consider Namibia to purchase a business, especially in a business sector which supplies necessary products.
• This business (in existence for over 20 years), specializes in supplying of reliable electrical and technical products and services to the local residential, commercial, mining and light industrial markets.
• The business has evolved organically due to excellent client service, consistent supply of required products and services from a well trained staff complement of 12 employees.
• Project-based revenue includes advice on electrical installations, system upgrades and new developments, fault finding, etc. – where the typical clients would be retail outlets, offices, hospitality industry including online sales.
• Due to the success of the business, the sellers purchased the building as well and the loan on the building (in extent 662 sq meters) was paid off much quicker than the loan period.
• Assets that will be included in the sale is a building (valued at R15 million), office equipment (R800,000), computers (R500,000), machinery (R100,000), Stock (+/- R7,1 million), debtors (+/- R1,4 million), investments etc.
• A buyer must register a new Pty Ltd (and buy the business/building out of the existing Pty Ltd) and an asset like the building must be transferred into the new Pty Ltd.

Finances:

• Average turnover per annum R25 million for 3 years.
• Average expenses per annum for 3 years – R20,8 million.
• Average NP (EBITDA) per annum for 3 years – R3,9 million.

Selling price:

• R39,5 million including the building.