Sectors / Category

Annual turnover

|
  • Mandate: 33535
  • Added: 15 Oct 2019
  • AFS
  • 573

Diamond Wholesaler and Manufacturer

Gauteng, Johannesburg
573
Mandate 33535
Added 15 Oct 2019
R 5,750,000* ZAR
Stock: R 0
Assets: R 0
R 181,625 ZAR
Steve Boardman
(PRINCIPAL)
Aldes Central
Gauteng
Summary

Long established supplier and manufacturer of diamond rings and jewellery products to shops and wholesale supply to outlets on consignment throughout the country

Diamond Wholesaler and Manufacturer
SELLING PRICE AFS
R 5,750,000* ZAR
Stock: R0
Assets: R0
R 181,625 ZAR
Summary

Long established supplier and manufacturer of diamond rings and jewellery products to shops and wholesale supply to outlets on consignment throughout the country

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
Manufacturers & Wholesalers offering polished diamonds, specialising in GIA and EGL certified diamonds from 0.005ct up to 10ct + Excellent service and highly competitive pricing.

How long has the business been established?
10 years

How long has the owner had the business?
Since inception

How does the business operate on a daily basis?
They supply Jewellers with polished diamonds on a consignment basis, with a large proportion of clients being from overseas. Seller will also train a buyer during an extended hand over period if required

How are the clients attracted to the business?
The business is well known and connected supplying selected stores with fine diamonds

What Advertising/Marketing is carried out?
They have a facebook and social media profile

What competition exists?
There are other players in the market

Is the business VAT Registered?
Yes

What VAT documentation is on file?
The records will be made available during a due diligence

What Balance Sheet and Income Statements are available?
Annual financial statements to Feb 2019

What percentage of the business is cash/credit?
The business supplies diamonds on consignment

How could the profitability of the business be improved?
Expanding the number of Jewellers supplied

Is Seller finance available and for what amount?
No

What is the total staff complement?
Besides the seller there are two staff, a manager and a driver

Do any receive special perks or incentives?
The manager receives commission on certain sales

Are they on contract?
LOA

How involved is the Owner in running the business?
The owner is fully involved

When does the current lease end?
They are on a month to month lease on the offices

What are the trading hours?
08h30 to 16h30 Monday to Friday

Do you require a licence?
Yes

What are the main assets of the business?
The assets besides stock are normal office equipment and a vehicle

What is their overall condition?
Good working order

Are they presently insured?
Yes

Strengths?
Profitable long established supplier and manufacture of polished diamonds

Weaknesses?
None known

Opportunities?
Purchase additional stock and supply a wider range and additional outlets. Seller will also train a buyer during an extended hand over period if required

Threats?
Only the economy, but this business has weathered the economic storms and is still very profitable

What is the reason for the sale?
Seller wishes to get involved in a different business

Why is this a good business?
Profitable business, easy to run and the owner will train prospective purchaser

What is the price plus stock and the profit?
Selling at R5.75m netting over R180k per month. PLEASE NOTE: THE PURCHASE PRICE DOES NOT INCLUDE DIAMOND STOCK WHICH RANGES BETWEEN R5-7 MILLION

Other listings by Steve
R 6.00MZAR
Added : 30 Jan 2020 161
Yearly profit: R2,803,782
Gauteng
R 6.67MZAR
Added : 20 Sep 2019 674
Yearly profit: R2,461,897
Gauteng
R 5.20MZAR
Added : 23 Aug 2019 594
Yearly profit: R2,213,409
Gauteng
FRANCHISE DETAILS

Aldes Central

1 members
8 active mandates
Gauteng
Nillsord Avenue
2026

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

N$ 8.34MNAD
Added : 12 Feb 2020 51
Yearly profit: N$3,310,098
Windhoek & Central
R 3.05MZAR
Added : 11 Feb 2020 63
Yearly profit: R1,058,559
Western Cape
R 3.20MZAR
Added : 24 Jan 2020 179
Profit*: R915,229 *(10 months)
Gauteng
R 3.88MZAR
Added : 14 Jan 2020 296
Yearly profit: R1,130,150
Western Cape
R 5.50MZAR
Added : 14 Jan 2020 264
Yearly profit: R1,910,391
KwaZulu-Natal
R 3.50MZAR
Franchise
Added : 12 Nov 2019 1316
Yearly profit: R1,439,461
Mpumalanga
R 6.50MZAR
Added : 21 Oct 2019 756
Yearly profit: R2,196,878
Gauteng
R 5.80MZAR
Added : 14 Oct 2019 589
Profit*: R1,258,073 *(6 months)
KwaZulu-Natal

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.15MZAR
Added : 17 Feb 2020 64
Profit*: R316,067 *(10 months)
Gauteng
R 1.39MZAR
Franchise
Added : 17 Feb 2020 71
Yearly profit: R531,084
Gauteng
R 1.59MZAR
Added : 14 Feb 2020 86
Yearly profit: R695,262
Gauteng
R 1.75MZAR
Added : 12 Feb 2020 154
Profit*: R841,349 *(11 months)
Gauteng
R 800KZAR
Added : 11 Feb 2020 139
Yearly profit: R399,666
Gauteng
R 450KZAR
Franchise
Added : 11 Feb 2020 236
Yearly profit: R210,228
Gauteng
R 1.45MZAR
Franchise
Added : 4 Feb 2020 542
Profit*: R371,003 *(7 months)
Gauteng
R 860KZAR
Added : 3 Feb 2020 316
Yearly profit: R391,745
Gauteng