"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
Manufacturer of - Fire engines, personnel transporters, buses (13-60 seaters), trailers (fire, water, cane, wood - flat, tip) - with 74 drawings & NATIS numbers - for Mitsubishi, Isuzu, Toyota, Hino, Mercedes, Iveco, Fuso - the NATIS numbers are in the Sellers personal name & he is willing to remain involved until they have been moved into the new businesses name (for a fee or merely use his drawings/specs to regain approval).
Also a general fabricator.
Fully capable staff (boiler makers etc)
Various metal fabrication machinery, a fully fitted machine tool room, 6mx8mx5m spray booth, various tools
How long has the business been established?
9 yrs by the owner
How does the business operate on a daily basis?
Existing clients request quotes for vehicles & products that are as per past designs or specific (from their drawings or as per owners interpretation). Client orders were as high as R15m pa, but without marketing/business development, they have fallen back & are now some R11m. The building & plant has capacity for an approx R20m pa turnover.
With designs of work in place, the floor manager & staff are more than capable to built the vehicles, with metal work done on site, while components are ordered in.
Spraying of the units is done as they progress within their own 6mx9mx5m spray booth.
Is the business VAT Registered?
Yes with all on file.
Are there up-to-date Management Accounts available?
Yes produced monthly
What Balance Sheet and Income Statements are available?
Full AFS and MA's available - very clean books.
The AFS Feb 2023, used for this Report, will show (including owner addbacks, deprec, amortisation) an Owners Discretionary Income / NP of R1.6m, off a Turnover of R11m (has been as high as R15m pa).
Someone with contacts/contracts/tenders, could build this business past it past of R15m.
What is the total staff complement?
Owner, manager, admin assistant & 6 - all fully capable staff (incl boiler makers etc) - CTC of R1.8m pa.
The factory manager oversees the very capable staff, with the owner being the design brains behind the business - although suffice to say that the 74 NATIS NUMBERS & drawings are complete & available to work from.
Premises Details
The 2 000m2 top quality building is some 8m high, with 325m2 concrete outside area, on a 4 000m2 stand & selling for R5.8m (thus some R58 000 pm was put in as rent in the attached Financial Report to cover the Bond thereon).
Actual address outside of Pietermaritzburg will be supplied to enquirers.
What are the main assets of the business?
A full computer generated list with pictures is available:
Various machines - drills, mills, lathes, grinders, polishers, rollers, guillotines, presses, saws, compressors, welders, forklifts, 80 KVA generator,
Numerous power tools, vices, trolleys, benches, shelving, screens
Spray booth & extractor - 6x9x5m
Office equip, computers, printers
ALL - in good condition, well maintained and valued at a second value of some R1.95m
FURTHER - There can be an arrangement with the Seller to use the Natis Numbers in his name for a fee or merely use his drawings/specs to regain approval.
What is the reason for the sale?
Owner wishes to retire (& use his recreational toys built in the workshop) - while the new owner can bring in a new desire to push business development
What is the price plus stock and the profit?
The Sale Price for the business, assets & vehicle specs/drawings/NATIS numbers is R2.5m, incl stock around R350 000, while the building is on sale for R5.8m. The company's turnover of R11m produced R1.6m Owners Discretionary Income / NP after all expenses being covered.
