021 552 1018

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Price Range: From To

Business Description

The business offers customers a range of baking products from its stores across the Western Cape as well as an online store. The owner is looking to sell urgently at asset value.

The incumbent owner will benefit from an established brand and formidable market presence sold at a discounted rate. The business has strong systems in place but requires an experienced investor to recapitalise the business and optimise performance.

Business Details

  • Price: R3,500,000/plus stock
  • Turnover: +/- R 34 000 000
  • Turnover range: +/- R 34 000 000
  • Profit range:

BUSINESS HISTORY & FUTURE GROWTH:

  • Reason for selling: Distressed business sale
  • Business history: Over 30 years in operation
  • Expansion potential: Room for incumbent owner to recapitalise the business and optimise performance.
  • PROPERTY DETAILS:

  • Fixed property included: No
  • Premises Details: Multiple lease loccations
  • Rent & lease terms: To be negotiated
  • ASSETS AND STOCK:

  • Assets included in sale: Yes
  • Value of assets: +/- R 3 500 000
  • Stock included in sale: No
  • Value of stock: +/- R 2 500 000 to R 3 000 000
  • GENERAL COMPANY INFO:

  • Employees: 51 loyal staff members
  • Trading hours: Mon-Fri 8am - 5pm, Sat 8am - 1pm, Sun 9am - 1pm
  • Support & training: To be provided
  • CONTACT BUSINESS AGENT
    Anton Kotzee
    antonkotzee
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