FANTASTIC INVESTMENT - LOCAL ENGINEERING MANUFACTURING FIRM SUPPLIYING PRODUCTS TO VARIOUS INDUSTRIES IN RSA AND INTERNATIONALLY
Short Summary::
Well established heavy engineering manufacturing company looking for equity partners.
Listed price
Amount::
17,000,000
Currency::
South African Rand (ZAR)
Down Payment
Amount::
10,000,000
Currency::
South African Rand (ZAR)
Total Annual Sales
Amount::
40,000,000
Currency::
South African Rand (ZAR)
Owner Cash Flow: Business Profits including Owners Drawings
Amount::
5,000,000
Currency::
South African Rand (ZAR)
Fixtures, Furniture & Equipment::
1,800,000
(included in price):
Yes
Real Estate::
0
(included in price):
No
Inventory::
2,000,000
(included in price):
Yes
Financing / Terms:
Can be arranged if you have 50% of required Capital unencumbered. Speak to Ray Hassan ( 083 564 2883)
Reason for sale:
The Owners will sell 50% to 100%of shares , depending on the type of investor. Great BEE opportunity to take advantage of shares in a well established Company that dominates the local market with it's wide range of engineering products and services.
Training & Support:
Owners are willing to stay on in any capacity to assist the new shareholders.
Business Description:
The Company offers a full range of services from supplying kit made cooling towers to full turnkey solutions including :-
1) Water Circulating pumps
2)Chillers
3) Plate heat exchangers
4) Piping
5) Filters
6) Project Management
7) Maintenance contracts
Historical Summary:
Company has been in existence since1968 and have been extensively involved in projects in Africa and Asia.
Potential for Growth:
Huge potential since this Company is only one of two Companies providing this type of product. An improved BEE status will launch this Company to the next level.
Special Requirements for New Owner (if applicable):
Good Managment skills . Sales and marketing accumen with networking potential . A technical/working knowledge of Engineering principles will certainly help.
Competition::
Only 2 major players in this market in South Africa. This Company is one of them.
Year Established:
1968
Year of Acquisition::
2000
Form of Ownership:
PTY Ltd
Absentee Owner:
No
Franchise Information:
No
Percent of Business Online:
30
Days & Hours of Operation:
Mon - Fri
Number of Part Time Employees:
5
Number of Full Time Employees:
22
City:
Johannesburg
Province:
Gauteng
Relocatable:
Yes
Type of location:
Industrial
Square Footage:
800
Facilities / Location Description:
Located in a well established Industrial area close to major roads and the airport.
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