Manufacturing Sauce Supplier To National Restaurants And Supermarkets For Sale

Business description

The current owners acquired this up market business 20 years ago and have grown it to a very successful and well established manufacturing concern supplying to major restaurant franchises and national supermarket chains. The GP has been on an upward trend for the past two years, which is virtually unheard of given the financial crunch of the past few years. The seller also owns the premises from which the business operates. The 5 000m² premises is included in the sale price at R10 950 and forms part of the sale. I.E. the one is not for sale without the other. There are branches in Cape Town and Durban with lease agreements as those properties are not owned by the seller.

The business develops sauces, marinades and dressings as well as spice blends according to client criteria and is certified Halaal. The Company has in house testing facilities to ensure that quality is maintained and has a panel of food technologists that can develop special sauces on demand. Testing for pathogens is done by Bio Industrial Laboratories, an independent, accredited laboratory.

It has been established that should a potential buyer wish to fund part of the purchase price via a financial institution that a deposit of at least R11 mil would be required on the total purchase price. Proof of funds will be required by the seller prior to releasing any sensitive information on the business.

Property information

Real Estate:

Real Property Included

Location:

Industrial area - 6 000m² premises under roof compliant with health & all other requirements

Premises details:

Industrial area - 8 500m² premises with 6 000m² under roof compliant with health & all other requirements

Size in square feet:

6 000m² premises

Business Operation

Expansion potential:

To be discussed with seller

Competition / Market:

Not much in this upmarket segment

Reasons for selling:

RETIREMENT

Trading hours:

08h00 - 16h30 - Mon-Thu
08h00 - 14h00 Fri

Employees:

68

Years established:

20 years +

Other information

Support & training:

To be negotiated with seller who is very reasonable.

Financing available:

It has been established that the major banks will consider finance on this transaction should the buyer have at the very least R11 mil deposit available on the total purchase price including the property.

Furniture / Fixtures value:

R4,500,000 (included in the asking price)

Inventory / Stock value:

R1,700,000