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Sanas Accredited Electronics Solutions Provider For Sale

Johannesburg, Gauteng
Asking Price:
R14,800,000
Sales Revenue:
R25,678,611
Cash Flow:
R6,472,846

This high technology company was established in 1967, and acquired by the present owners in 1998, who transformed it from a sales organisation that provided repair and maintenance services, to a services company that do sales.

They import, supply, install, maintain and refurbish industrial electronic equipment to a client base that vary from the industrial, logistics, waste disposal and mining industries. They have an active client base of over 200 clients, and their sales revenue is largely annuity income from their installed base as their client base require ongoing verification to comply with legislation. As this installed base increases through the efforts of their established sales team annuity revenue grows as they are the only ones that can maintain, calibrate and certify the equipment. The industry is heavily regulated and the cost of accreditation on products is very high, creating a formidable barrier to entry.

The business has an established management team with a Financial, Production and Sales Director, all of which will remain on. The Managing Director has a few years left before reaching retirement age and is available to remain on until then. They have a good succession plan in place with one of the other directors having the potential to take on the leadership role. The majority shareholder is the Chairman. semi-retired and no longer active in the business.

Price excludes VAT but transaction can be zero rated depending on buyer’s VAT status. Buyers should also make provision for working capital comprising stock and debtors of approximately R7.3m. They own the building they operate from and wish to sell this with the business for R 5.0m.

Audited Financial Statements will be provided to qualified interested parties that can provide proof of their financial means to fund the purchase. This transaction is not suitable for government funding institutions.

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