Detailed financials available on request
The business manufactured barges, river boats as well as deep sea fishing boats which are in demand everywhere in South Africa as well as our neighbouring countries. The turnover was R2million for 10 months of business and enquiries are still received for new barges and ski boats. The owner owns and runs another very successful unrelated business that demands his full time and he does not have the capacity to run both. He stopped manufacturing for a period of time and he has now decided to sell the business assets. This creates a wonderful opportunity to get involved in the boat building business or to acquire additional equipment for an existing boat building business. The buyer does not necessarily need to have a boat building background and a financial and marketing background would probably be ideal. The seller also owns the existing business premises and there is an opportunity to negotiate a new lease and not have to move the assets. The total selling price is R565,000 (excluding VAT) which is considered far less than the true market value. It includes all the moulds and tooling as well as office furniture and other boating related assets.