Garden Route Plant Hire Company For Sale

Business description

This well established and well known business consists of three branches and an extensive client list including municipalities, national and regional civils companies. The asset levels are of such a nature that there really is no competition in the three coastal towns. An extensive management system is in place to monitor all activities in the branches and feeds through to the accounting system, allowing the owner to always be in control and able to monitor operations from anywhere in the world, as long as there is internet connectivity. The company confirms to all requirements for listing, but this is not the objective.

Property information

Real Estate:

Lease

Lease terms:

Renewable for 3 years

Leasehold rent:

R360,000 per annum

Location:

Town centre x 3

Premises details:

Building included in sale to the value of R1.35 mil generating R132 000 pa rental income.

Other information

Expansion potential:

Buisness can be expanded to 7 branches with relative low capital outlay. Owner will assist for 6 months.

Competition / Market:

In general there is no competition as larger equipment required is stocked in suitable numbers to invoke confidence with clients as opposed to smaller "competitors". During slower times when larger equipment is not in much demand, the business operates in a similar market as two competitors. I.e. smaller tools market.

Support & training:

Owner prepared to stay for 6 months if required.

Reasons for selling:

Immigration

Trading hours:

08h30 - 17h00 weekdays.

Furniture / Fixtures value:

R16,000,000 (included in the asking price)