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Extremely profitable Construction company - Massive opportunity! (especially for a BEE buyer.)
The company is registered with the CIDB as a grade 7GB contractor which enables the company to tender on General Building work for Department of Public Work’s projects of up to R40 million. This is an excellent opportunity to save many years of effort and aggravation in progressing to this level as a contractor. The company can be managed from any location. Opportunity to upgrade CIDB grading for 100% black owned buyers.
The construction Industry Development Board (cidb) is a Schedule 3a public entity established to lead construction industry stakeholders in construction development. Their website, on which they publish tenders as well, is very user friendly. The necessary documentation is also provided for every tender listed.
Working capital required will depend on the project tendered for.
Annual turnover: R16m
Annual expenses: R4,6m
Annual net profit R4,3m
Stock value: R 2m – on average
Asset value: R1.3m
Operating hours: 08:00 – 17:00 Monday – Friday
Selling price: R2,2m
Reason for selling – Owner emigrating.
Can be operated from anywhere in South Africa.
Currently work from home.
Owner is emigrating
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