Steel Fabrication & Supply Specialist
R7,500,000KwaZulu - Natal (KZN)Listing: #14848
About this business for saleSteel Fabrication & Supply Specialist
This business offering represents a substantial and well established, industrial company specializing in the fabrication and supply of stainless steel, aluminium, special alloys and allied products to a number of industries including the engineering, manufacturing, pulp and paper, food, chemical, mining, architectural and transport sectors.
Established over 20-years ago, the business is centrally situated and specializes in the cutting and supply of materials in accordance with supplier’s specifications. The workshop is extremely well equipped and capable of producing almost any specialized engineering and manufacturing need.
Material is procured locally and should it not be available, it is sourced and imported from various international suppliers as are numerous component parts.
The business is ISO Certified, a level 1 BBBEE and a member of several affiliated organizations not least of which, the SA Stainless Steel Association and the Durban Chamber of Commerce.
With an annual turnover of R25 million, this business generates an average annual EBPIDT (Earnings before Proprietor Drawings, Interest, Depreciation and Tax) of R2.4 million.
Priced at R7.5 million, the business is unencumbered and offers a R.O.I. of 32%. Assets and stock are purported to be worth +/- R3.2 million. This includes numerous vehicles to the value of +/- R750k, a fleet of hysters valued at +/- R800k and stock at cost is estimated to be worth +/- R400k.
The well-appointed and spacious property is also available to market at R7.5 million and the sale of the business is subject to the sale of the property.
The Sellers of the business are willing to remain on in the business for an agreed period of time to ensure a smooth transition in ownership.
Kindly contact the listing Broker for more information and a confidential discussion about this exciting and lucrative business opportunity.