This family owned woodworking business was established in 1999. It is a hand-on business run by a husband and wife team, the husband looking after the manufacturing side of the business whilst the wife fulfills the administration and financial function. They do not have any permanent employees having gone through a retrenchment process and now hire their former employees on a contract basis.
They have extensive manufacturing equipment, valued recently by a valuer for similar second hand equipment at R750,000.00, although mostly depreciated in their books.
They specialise in timber garage doors and purpose made timber entrance doors and gates. They also manufacture speaker boxes, promotional plywood boxes and miniature flag bases.
They pride themselves in high qaulity made to purpose products manufactured to customer requirements. They use kiln dried selected timber, mostly Saligna and Meranti, but also manuafcature in all types of woods like Kiaat and African Rosewood depending on customers requirements. They have ventured into aluminium garage door manufacturing but their core business remain in timber.
Their client base range from building contractors, specialist door installers, distributors and private homebuilders.
This business would be suitable for a hands-on individual with experience in woodwork and a flair for marketing and expanding the brand that has been built up over the last twenty years.
Growth opportunties include diversification of product range, marketing the products through an improved website and social media exposure, improved exposure to building contractors,hardware stores, major retailers and a determined sales effort.
They own the building they operate from, it is puposed fitted for the business and valued at R3.3m. The property can be bought in a seperate transaction from the business, or rented from the owner with an option to purchase at a later date.
Price exclude stock and raw materials. The business sale can be zero rated for VAT depending on the terms of sale and the purchasers VAT status.
Sellers Discretionary Earnings out of the business in 2019 was R 723,732.00. Updated 2020 Financials will be provided to genuine qualified buyers. The business asking price is R750,000.00