Reputable Building Industry Manufacturer
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About this business for saleReputable Building Industry Manufacturer
This unique and profitable manufacturing business was established many years ago and is still with the original owner.
The business supplies products for the building industry by designing and manufacturing and installation according to customer specifications and they also provide a complete range of associated products in their line of work.
All shapes and sizes can be designed and manufactured and in the process, the business has developed a reputation for Quality and Service Par Excellence. Over the years, the business has received many certificates of competence including the compliance holder of prestigious manufacturing awards.
The team of designers and estimators have many years of experience and are fully trained on all the aspects using sophisticated designing programs. The team is renowned for quality and expertise and are regularly briefed by Professional Structural Engineers for complex residential and public buildings.
By striving to maintain a professional standard of designing and manufacturing, the business has become the confirmed leader as the Industry.
Sales consist mainly of cash sales.
Sales are growing despite adverse economic conditions, a strong indicator of a reputable business with good standing and superior products and service.
Based on historical trading, the Sellers monthly Discretionary Earnings (also known as EBPITD [Earnings Before Proprietors Compensation, Interest, Tax and Depreciation]) amount to R212k.
Interim trading profits for the latest six months have exceeded the prior years comparative by in excess of 50% and this after market related rental has been accounted for.
The price of R5,290m excludes estimated stock of R1,200m plus VAT, if applicable and includes a solid asset base (vehicles included) culminating in an excellent 39% Return on Investment.
The business relies mainly on word of mouth referrals and real potential exists to further increase sales with a rep to serve a greater geographical area.
The reason for sale is that the Seller wishes to retire and focus on farming activities but he is prepared to stay on for an extended period to ensure a seamless handover.
EXCLUDED from the price for the business is the LAND of 14 hectares with properties for the business factory and a large 600 square meter residential house.
The price for the land and properties is R10m and the business sale is conditional to the Purchaser acquiring the land and properties for which; the Seller is prepared to fund 50% of the cost at a favourable interest rate subject to the property representing security through a mortgage over an agreed period.
Various excellent opportunities exist for utilization of the residential house and remaining vacant land.
This is a unique opportunity to own a very successful, reputable and profitable manufacturing business in an ever growing sector.
For a confidential chat about this offering, kindly contact the listing Broker.