Sectors / Category

Annual turnover

|
  • Mandate: 33535
  • Added: 15 Oct 2019
  • AFS
  • 1397

Diamond Wholesaler and Manufacturer

Gauteng, Johannesburg
1397
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, Edenvale
Gauteng, Edenvale
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 629KZAR
Added : 20 Jun 2020 264
Profit*: R103,436 *(6 months)
Gauteng
R 11.98MZAR
Added : 18 Jun 2020 226
Yearly profit: R1,000,997
Gauteng
R 2.56MZAR
Added : 18 Mar 2020 482
Yearly profit: R879,302
Gauteng
FRANCHISE DETAILS

Aldes Central

1 members
8 active mandates
Gauteng , Edenvale
107 First Avenue Edenvale
Edenvale
2026

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

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 4.10MZAR
Franchise
Added : 24 Jun 2020 229
Yearly profit: R1,224,568
KwaZulu-Natal
R 5.40MZAR
Added : 16 May 2020 543
Yearly profit: R2,042,702
Western Cape
R 3.50MZAR
Added : 23 Apr 2020 437
Yearly profit: R1,489,750
North West
R 3.00MZAR
Added : 19 Mar 2020 995
Yearly profit: R2,083,855
Gauteng
R 4.63MZAR
Added : 18 Mar 2020 337
Yearly profit: R1,199,936
Eastern Cape
R 6.00MZAR
Added : 9 Mar 2020 552
Yearly profit: R1,910,391
KwaZulu-Natal
R 4.40MZAR
Added : 5 Mar 2020 345
Yearly profit: R953,668
Mpumalanga
R 7.00MZAR
Added : 28 Feb 2020 511
Yearly profit: R3,999,135
Western Cape

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 550KZAR
Added : 9 Jul 2020 102
Yearly profit: R326,618
Gauteng
R 1.20MZAR
Added : 8 Jul 2020 90
Yearly profit: R521,567
Gauteng
R 570KZAR
Added : 6 Jul 2020 116
Yearly profit: R316,287
Gauteng
R 2.30MZAR
Franchise
Added : 4 Jul 2020 121
Yearly profit: R605,679
Gauteng
R 1.75MZAR
Added : 25 Jun 2020 1610
Yearly profit: R1,318,897
Gauteng
R 629KZAR
Added : 20 Jun 2020 264
Profit*: R103,436 *(6 months)
Gauteng
R 649KZAR
Added : 5 Jun 2020 330
Yearly profit: R407,676
Gauteng
R 1.95MZAR
Added : 21 May 2020 817
Yearly profit: R812,722
Gauteng