Profitable Steelworks In Overberg For Sale

Property Information

Real Estate:

Lease

Lease Terms:

5years with an option to renew for another 5 years

Leasehold Rent:

R450,000 per annum

Location:

Excellent location in the main road of the industrial area

Premises Details:

Rent – R37 000 p.m.
M² - 600m²
The lease agreement is for 5 years with the option to renew for 5 years.

Business Operation

Management type:

This business is owner operated.

Expansion Potential:

• New owner could consider appointing a representative to do more marketing at new building sites
• Installations of gate motors
• Electric fencing, alarm systems, video intercom systems, camera systems and infrared safety beams
• Garage doors
• Retail of steel products
• Being the only business in the area doing steel work relating to construction, the new owner can focus on the erection of stores for farmers

Competition / Market:

No real competition

Reasons for selling:

Owner is relocating

Trading hours:

Business is open from 08:00 – 17:00. Monday to Friday. It closes with the builder’s holiday in December.
Business is not seasonal

Employees:

16 staff members are employed 1 x Workshop manager 1 x Receptionist/Quotes 4 x General workers 2 x Stainless steel welders 2 x welders 1 x Installer/screens 1 x Installer/driver 1 x General welder 1 x Welder and trailers 1 x steel welder (in shop only) 1 x Cutter and bender

Years established:

More than 10 years

Other Information

Furniture / Fixtures value:

R2,500,000 - included in the asking price

Inventory / Stock value:

R100,000

Relocatable:

This business can be relocated