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Asking Price$1,150,000
Revenue$1,320,000 Established1997
Cash Flow$167,500 Employees30 full-time
FF&E$140,000* FranchiseNo
Inventory$330,000* RelocatableYes
Real Estate$0* Home-basedNo
* Included in Asking Price
The Founder and Shareholder would  like to retire within the next year or two.
To achieve this, he is prepared to initially sell a controlling shareholding and  structure an agreement  to sell all of his shares over a negotiated period.
The business was started in 1997, primarily to service the agricultural industry with new technology in the area of  farming practices, initially in the Western Cape. They  were also involved in pioneering purpose machinery, by developing methods to apply the practical technology on  farms.  They followed up and built an internationally renowned  Harrow under licence from Australia.  
The  business stayed up to date  and informed on best farming practices as the zero till technologies have developed over time, adding in their own product line best suited to the harsh soil conditions of the Western Cape.  They have  taken many products through their R&D development phase right up to a successful production line and the well-recognized brand,  that stands for affordable,  quality and longevity.  
Being  solution orientated,  their  products are continuously reviewed and improved  as market feedback is received. They have recently been approached with new concepts in the mining industry and the company and the founder managed to turn the concept into a functioning product,  that has been patented world wide. (The next step is negotiating a manufacturing contract with this company in order to manufacture their product or parts thereof).  
This manufacturer also successfully designed and fitted new production lines in a canning factory and  a flour milling factory -   on completion, they have received new enquiries for similar projects, one of these quotes has been accepted and resulted in   increasing sales the last 2 years.
The premises are 1,000 M2 and the current lease period has As three year renewal option.
Detailed financials will be made available to approved buyers in terms of the signed confidentiality agreement (NDA) and all the information can be verified.  
The financial information reflected above is based on Turnover, gross profit and  EBIDTA extracted from the 2022 Forecasts.
The SWOT ANALYSIS and detailed notes regarding 2022, will be provided in the evaluation pack that is available subject to  approved buyers in terms of the signed NDA.
Facilities:Fully Equipped Factory and Machine Shop, using technology.
Competition:Competition exists from local manufacturers and Import equipment, but the business has entrenched with most of their customers over 25 years.
Growth Potential:The Seller is prepared to initially dispose up to a 51% (or higher) controlling interest; to either an individual or a corporate , that probably operates in a similar industry. They are well positioned to go through a phenomenal growth phase in the next few years.
Training/Support:The hand-over period will include finalising terms of a continued consulting contract with the Seller; to facilitate transferring the design, knowledge, innovation and his expertise. All of the arrangements will be subject to the terms of the sale of shares agreement.
Seller Financing:The asking price depends on the actual % shareholding to be acuired by the Buyer
Sale Reason:The seller is Planning retirement - envisagied between 1 to 2 years.
Ad #141782
Seller Reference #Man111-6
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Contact This Seller
Fred Broom
Fair-Bro International Group
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