Amazing opportunity to buy a well-run agro growing and processing business in Western Cape.
Overview of this business for sale
It has been operating for 23 years in a fast-growing niche sector and has established a strong position in this industry. The customer base includes mainly blue-chip accounts. 70% of revenue comes from the retail market and 30% from the wholesale market. The industry has high barriers to enter so the business has limited completion within a large area.
Due to the growing demand for the products they offer, the agro growing/processing business for sale is expected to continue growing at more than 10% per year for at least the next decade. 4 years ago the business spent large capital and all the facilities were refurbished to the most modern technologies. This means that no further capital expenditure will be needed for the next five years to maintain the continued growth of the business.
The business for sale has a total of 78 employees and most staff members have been working there for a long period of time. A management team is also in place, which allows the owners flexibility in running their business. They just oversee the processes and do not participate directly in the day-to-day operations.
The business has shown tremendous profits over the past several years. During the pandemic, the figures have dropped. However, from 06.2020 it has recovered back to its usual trading figures.
The company features excellent financial records and strong control, allowing prospective business to easily undertake due diligence. The business, assets are all owned in a close corporation. The owners are looking to sell their member’s interest in the close corporation.
