Craft Your Future Exceptional Joinery Business In East London For Sale

Description

Business type: joinery and wood manufacturing business

Established: 1992

Trading history: more than 30 years

Current status: established operating business

Profitability: reported as profitable

Products and services

• Mass-produced wood products
• Built-in cupboards
• Solid surface tops
• Custom joinery

Customer sectors

• Schools
• Hospitals
• Clinics
• Libraries
• Residential properties

Projects and contracts

Work in progress: R22,000,000

Awarded contracts: R4,700,000

Potential projects available for takeover: R14,000,000

Financial information

Annual turnover: R21,000,000

Annual gross profit: R13,000,000

Gross profit margin: 63%

Annual net profit: R4,000,000

Break-even turnover: R15,700,000

Asking price: R21,000,000

Investment returns

ROI: 36%

ROI calculation: excludes equipment, furniture and property

Property

Building: included in the sale

Building value: R6,000,000

Equipment and furniture

Equipment and furniture: included in the sale

Equipment and furniture value: R4,100,000

Stock

Stock: excluded from the asking price

Stock value: R1,500,000

Transaction details

VAT: excluded from the asking price

VAT-registered purchaser: 0% VAT stated

Annual financial statements: available for the past 3 years

Non-disclosure agreement: required for financial statements

Reason for sale

Owner retirement: reason for sale

Buyer requirements

Available funds or confirmed funding: required

Owner financing: not available

Alternative payment arrangements: not available

Confidentiality

Advertisement photographs: generic

Actual business premises: not shown in the advertisement