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Durban Castings And Wire Products Manufacturer For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R1,400,000 Furniture / Fixtures included
Sales Revenue:
R2,007,000
Cash Flow:
R714,000

Seller is open to:
1. An outright purchase at R1.4m
2. A JV hopefully to allow the company to expand
The seller wishes to retire within 3 years, but in the meantime can assist specifically on technical matters as required, while the buyer should have a metal/ fitter/ engineering background or a sales background and hire a techie.

Line 1: Flexible silicone molds are vulcanised in-house, then utilised in a 3-stage centrifugal machine, to produce small to medium zinc / pewter castings, which are finished by hand or a multistage vibratory machine before out-house electroplating.
A laser machine is used for engraving & profile cutting various non-metal materials, as well as making the master samples for branded custom products before moulding & production in zinc / pewter.

Line 2: Two 4-slide wire forming machines, that produce various products drawn off a reel, utilised either in tandem with the casting products or separately for a client's own usage. The volume capabilities are +- 5000 pieces per hour, with several existing die sets which make an extensive range of wire components.
Support equipment includes a Japac Centre lathe, universal Milling Machine, portable gantry to load the wire coils, fly press & die sets for roller buckle assembly.

Property Information

Real Estate:

Lease

Premises Details:

Situated within a secure industrial complex in an Outer-West Industrial area, the 224m2 factory incl offices, storerooms & toilets, with the landlord open to any lease length at some R17k pm (excl E, W S), with the escalation clause to be negotiated.

Business Operation

Management type:
This business is owner operated.
Competition / Market:

Very few in the main specific market but more in the general market.

Reasons for selling:

Wishes to retire within next 3 years

Trading hours:

M-F : 8h00-17h00

Employees:
2 skilled workers
Years established:
30 yrs

Other Information

Support & training:

Seller will assist

Furniture / Fixtures value:
R1,000,000 - included in the asking price
Relocatable:
This business can be relocated