Well established courier company for sale in the Western Cape.

Well established courier company for sale in the Western Cape.

Introduction:

• This successful courier company has been operational for many years in the Western Cape and well known in the transport industry.
• The fact that railway transport of goods has just about came to a standstill due to theft/damage of railway lines and air freight also under huge pressure due to the covid/some airlines not operational etc., road freight is experiencing a huge growth and more so in the Western Cape where warehousing and distribution of goods are key points of growth.
• The business has 5 vehicles of their own, but subcontract with other courier companies as well especially on a national basis and cross borders packages.
• The only reason for selling is that the one director is now retired and the other director wishes to pursue other business ventures.
• As stated above, there are 5 vehicles operational, and the sellers are prepared to settle all the outstanding amounts on the vehicles before a new owner takes over the business.

Finances: 

• The business has an annual average turnover of between R 5,4 and R 5,6 million and that is without any marketing/advertising but purely by means of their existing clients and word of mouth.
• The annual NP differs between R 1,5 to R 1,9 million per annum- that is EBITDA.

Selling price:

• R 5,9 million- this will give a buyer a ROI of 32% – also considering that a new buyer will take over the vehicles debt free and that expense can also be saved monthly (+/- R20,000).