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Sold Oct 2019 by Aldes cliff bell
Priced to sell at R1.3m (excl stock R40 000) with a NP of R754 000 pa 2018,off a turnover of R5.6m (while 2019 MA's are showing a turnover of R5.4m, but an increased NP). Established for over 30 yrs in the same area of Durban, it has the industry's leading name, based on the quality of its raw materials, processes & staff. The cost & ease of erection of the products/units ensure a steady market.
A manufacturing business of top quality timber cabins, wendy houses, huts, benches & other wood products. Quality is the cornerstone of this business, which is ensures it's leading position within it's field & thereby it's prices & profitability. Suppliers to this industry sector are numerous, but in each category of inputs, at least 2-4 main suppliers of quality raw materials are utilised by this business & they supply on mainly a 30 day credit term basis.
The assets are : 3 trucks - trailer, moulding machine, ban saw, compressors, extractor unit, table saws, cut-off saws, office equipment & display products/units - all in good working order, sufficient for the business & free-hold. On a forced sale probably worth at least R350 000, but on a 2nd hand value some R750 000
Based in Durban for over 30 yrs, within suitable premises - Building 832 sqm, Land 800 sqm
Total 1600 sqm, with a rental of R53 000 pm & a 2 months deposit required.
Owner wishes to emigrate within a year or so
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