SELLER HAS WITHDRAWN AND WILL RELIST ONCE FINANCIALS ARE REFLECTIVE OF PROFIT -AN EXTREMELY WELL ESTABLISHED INDUSTRIAL BAKERY, WITH A LARGE LOYAL CLIENT BASE FOR SALE IN CAPE TOWN. THIS WILL ONLY SUIT BUYERS WITH THE FINANACIAL MEANS TO PURCHASE THIS BUSINESS. A NO RISK BUSINESS.
Short Summary::
A well established industrial bakery, where the owner is prepared to let the buyer work in the business on a due diligence basis for 2 months, once a deposit has been paid, to ascertain themselves on the credibility of information they were supplied with.
Listed price
Amount::
15,750,000
Currency::
South African Rand (ZAR)
Down Payment
Amount::
1,575,000
Currency::
South African Rand (ZAR)
Total Annual Sales
Amount::
15,600,000
Currency::
South African Rand (ZAR)
Owner Cash Flow: Business Profits including Owners Drawings
Amount::
4,800,000
Currency::
South African Rand (ZAR)
Fixtures, Furniture & Equipment::
2,560,000
(included in price):
Yes
(included in price):
No
Inventory::
200,000
(included in price):
No
Financing / Terms:
Cash
Reason for sale:
Owner retiring
Training & Support:
The owner will remain in the business to train the new owner for up 6 months after hand over, and if required thereafter, will still assist at a fee
Business Description:
This business has established itself as a leader in the business, on the basis of a near perfect service to their customers and the production of a high quality product.
It supplies to +- 500 customers on their books, which includes smaller clients as well as larger clients e.g. large hotels and institutions.
They basically work 24 hrs a day with 3 teams.
Most of the staff have been with the company for more than 5 years with a lot of them been with company since inception.
Processes and procedures are all in place for an extremely well oiled operation.
They have a range of +- 700 products , with potential to expand even further.
They supply to customers within the greater Cape Peninsula and environs.
Their cash and account split on sales, range between 60% on 7 -30 days payment, to+- 40% cash.
They have 4 vehicles in the business, and also outsource some deliveries with specific couriers.
They have basically lost no customers through the years and are still adding to their
Historical Summary:
The business was started in 1999 by the current owner and the business has grown substationally on a year to year basis since inception
Potential for Growth:
There is still opportunity for growth, especially in the frozen area. They are currently considering this , as they have the capacity in incorporate it into the business without any extra capital outlay, or requirement of other resources.
By doing this they will be able to expand their customer base throughout SA
Special Requirements for New Owner (if applicable):
This would suit a businessman that wants a good return on his investment with minimal risk .As to the techincal side of teh busieness - full training will be given , so it is not a necessity that the buyer must have bakery experience - business experience is the more important requirement.
Competition::
This bakery is one of the largest , if not the largest independent bakery in Cape
Year Established:
1999
Year of Acquisition::
1999
Form of Ownership:
cc
Absentee Owner:
No
Percent of Business Online:
Has a website
Days & Hours of Operation:
24hrs a day with 3 shifts. Closed on Boxing day
Number of Full Time Employees:
75
City:
Cape Town
Province:
Western Cape
Relocatable:
No
Type of location:
Warehouse centrally situated in an industrial area
Square Footage:
1440m2
Facilities / Location Description:
Shop front for Factory shop, offices, manufacturing area, distribution area
Monthly Rent & Escalation
Amount:
50,000
Lease Expiration:
2012
Options on Lease:
3 yrs
Terms & Conditions:
R50,000 rent is all inclusive with rates & taxes etc
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