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Manufacturer Of Specialised Glass And Stainless Steel Products
This manufacturing business has been servicing the glass and stainless steel market for close on 30 years.
With their own state of the art glass processing and hardening machines and in-house CNC machine shop, they manufacture their products from beginning to end on-site to exact customer requirements. Included in all quotations is 3D images of the finished products produced on their own drawing packages.Unlike competitors they do not outsource any production, and with their own well trained installation teams ensures the job is done on time, a critical requirement for clients like architechts and developers. Book value of assets is R 6.5m and replacement value R 15m.
They only manufacture to customer orders and do not keep finished product.
Their product range includes back painted glass splashbacks, frameless glass and stainless steel balustrades, pool fencing, sandblast vinyl, designer glass and polished aluminium furniture, frameless showers, decorative and antique mirrors and architectural components.
They have an experienced management team in place taking care of the day to day operational, finance, marketing and sales function in the business, leaving the owner free to concentrate on the strategic aspects of the business.
The owner wishes for a change in lifestyle and has decided to put the business on the market as a going concern. He is willing to remain on for a negotiated period to effect a proper handover.
The property they operate from is owned and can be purchased in a seperate transaction at bank valuation.
Sellers Discretionary Earnings or Earnings Before Proprietors Income, Interest, Depreciation and Tax is on average for the last three years is R 8,874,002.00
The business purchase price is R22m at a multiple of SED 2.47.
Real Property Included
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