Asking Price

R 9,995,000

Annual Turnover

R 13,372,869

Monthly Cash Flow

R 178,333

Industrial Manufacturing

Manufacturing/Engineering

Ref: 3359

Furniture & Built-in Cupboard Manufacturer

Western Cape (WC - Garden Route)

Two businesses for the price of one! This profitable and successful manufacturing concern was established more than 20 years ago, operating from the Garden Route, servicing clients nationally. This business is one of the top leading and most trusted workplace furniture and built-in cupboard manufacturers, supplying a network of established clients both in the wholesale and retail market in South Africa. This is the ideal business offering a quality lifestyle in the Garden Route while servicing a client base with a national footprint. This operation offers diverse income streams. The seller is prepared to stay on for a period to ensure smooth handover and transition. Included in the selling price are assets to the value of more than R5m which includes delivery vehicles. The seller would like to consider and will consider reasonable offers. The selling price excludes stock of R 2,200,000 and VAT. The building is also available as an additional optional extra R16m excl. VAT.

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Confidentiality Agreement

In consideration of Businesses4Sale South Africa entering discussions relating to the possible acquisition of an interest in a business on my behalf, I hereby agree as follows:
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  2. Not disclosing any information, including that the business is for sale and to treat as totally confidential the identity of each business quoted to me and any details as to its operation or financial accounts.
  3. Taking all reasonable precautions to protect the confidentiality of information made available to me in the course of any negotiation and eventual transaction.
  4. That all information is received for no other purpose than the evaluation of the investment potential of the business.
  5. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorized in writing by the Vendor or his agent.
  6. Not to approach any Vendor of any business quoted to me by Businesses4Sale South Africa or its staff, customers, or suppliers without prior arrangement with the Seller or his agent and to refer all queries through the relevant Businesses4Sale South Africa representative/agent.
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  8. I accept that I am responsible for verifying facts and figures to satisfy myself, as to the accuracy of information during any due diligence I/we may choose to carry out.
  9. For the purpose of this agreement the “Confidential Information” means any idea, concept, data, document, drawing, schematic, business, technical, financial, operational, administrative, marketing, economic and other information and material of a proprietary nature, about or concerning or relating to the business whether in oral form or in the eye, machine or electronically readable form and includes information and material contained in any memorandum, report and/or other document prepared for either party hereto by a third party.
  10. In the event that a suitable business opportunity is found in using the services of a Businesses4Sale South Africa and in the subsequent event that I should wish to present an offer to purchase such business, then before the commencement of the “Offer to Purchase” process, and should I be called to do so, I agree to willingly submit a consumer credit report.
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  12. I agree that, in the event of a breach of trust in the above, the Seller can take whatever action they deem necessary to recover any cost of damage caused by such breach.
  13. By my signature hereto, I attest that all the above information is true and correct. I request that Businesses4Sale South Africa add me to their database to facilitate the receipt of direct marketing notices of any new business opportunity listings that might meet my investment criteria.
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  15. Please note: Proof of funds will be required before release of financials and start of the due diligence.

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