High End Joinery Business and Property for Sale

Eastern Cape

R 2 750 000

Financial Information

Detailed financials available on request

Excellent opportunity to purchase a well established Joinery works that has been in existence for the past 60 years. The business specializes in high end wood joinery works and shop fitting. They have completed many very impressive projects (Provincial legislature building, Casino's, Golf Estates etc) and are the choice go to joinery contractor of many architects. They work country wide with their factory and office being based in the Eastern Cape The business has come onto the market as the owner is well into his 70's and needs to sell urgently. On offer is the business as well as the premises it operates from and the asking price for both is R5,900,000 Ex Vat. The business has a large asset base and this has been valued by a third party at R2,400,000 and the property is valued at R4,000,000. This offers excellent value for money. The property is 5000sqm in size with warehousing of 2500 sqm. The business is currently sitting in a healthy position with an order book of over R8m. The business is being sold as a going concern with all the necessary key staff in place as well as a fully equipped workshop and vehicles. The key staff have all been with the company for a long period and are happy to remain on. These include a production manager, Estimator and Financial manager. The opportunity with this business is immense. This is certainly not an opportunity to be missed. For more detailed information please contact the listing broker: Greg King - 084 5566166 Ref: ET00053 Timestamp: 20180814054539