Asking Price: R 4,000,000 SOLD
This is a Durban-based independent supplier and distributor of office automation and communications solutions achieving high growth since its establishment in 2018. Key factors for success include the offering of the best available technology as cost-effective solutions, association with top finance providers for the handling of rental contracts and a very good understanding of the education market. Opportunities include national coverage and product portfolio growth. The total staff complement is 14.
The reason for selling is the majority partner wishes to concentrate on his other expanding business. For sale would be either the full business or 50% shareholding of the exiting partner.
Latest financials: Monthly Turnover: R 792K, GP: R 439K, NP: R 150K. Fixed assets: R 330K. The asking price is R 4m for 100% or R2m for 50%.
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