Catering and Confectionary

Price : R 25,000,000
Listing Type : Catering & Confectionary
Location : Johannesburg
Ref No. : 2946
Year Established : 2004
Trading Hours : 6am - 5pm
Lease Term : Expires 2030
Turnover : R 4 523 192 pm
Cost of Sales : R 2 082 151 pm
Expenses : R 1 423 617 pm
Net Profit : R 1 017 423 pm
Asset Value : R 4 874 455
Stock Value : R 2 800 000

A long standing, well-established and profitable high-end catering, and confectionary business. The business has more than 1000+ active customers in a month and around 4000 customers on the books. The business has a number of large corporate clients such as listed entities and their subsidiaries. The business has a network of quality producers and farmers, and long-lasting relationship with food vendors. Not only do they deliver quality food for their client’s events, but they also give offer the best possible price. The seller is retiring and is looking to sell to an experienced operator who will be hands-on in the operations and growth of the business. This business also has other facilities ideally suited to setup a Halal unit, for which there is a big demand. There is a large staff complement of more than 70 well-trained, experienced, and passionate employees. The shareholders will remain in the business for 3 to 6 months for handover period. The asking price is R 25 000 000, with an average monthly turnover of R 4 523 192, expenses of R1 423 617 and a net profit of R1 017 423 before Tax.

Due Diligence