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Established Turnkey General Engineering Business In Eastern Cape
Rare and Unique opportunity to purchase a long established Turnkey General Engineering Business. The business provides services to the Automotive, Agricultural and Manufacturing Sectors.
The business is located in a key city of the Eastern Cape and has a large client base and excellent reputation.
This well managed business offers a buyer who is looking to enter this business sector with great opportunities for income and growth.
The business has generated an average annual Income (EBITDA) for the past 4 years in excess of R3,000,000. With the current financial year’s net profit (EBITDA) predicted to be in excess of R3,500,000.
The business is well priced with an asking price of R10,700,000 Excl. Vat and Stock. This offers an excellent return on Investment of 32%.
The business employs highly skilled staff, with the majority having a long employment history with the company.
The long term forecasts and predictions of the company are extremely positive and the business is continuing to show solid growth in turnover as well as profitability.
For a more detailed description on this excellent engineering business please contact the listing broker.
All perspective buyers will be required to sign a confidentiality agreement before being provided with Financial Information.
Yearly lease, with option to renew
R702,427 per annum
Well located in a semi industrial part of town.
The leased premises are well suited to the businesses activities.
The seller has indicated that many options are available for expansion and these will be discussed with serious potential buyers.
Their is competition with in the engineering sector, however this business is often the first choice amongst the clients.
The Seller has reached retirement age and is looking to retire.
Mon - Fri: 07h30 - 17h00
Sat: as and when required
Seller is willing to provide a full comprehensive handover to ensure that the new buyer is adequately trained and informed in the running of the business.
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