Detailed financials available on request
This listing represents a particularly well-established lifting gear and light engineering-supply company specializing in the supply, service, maintenance, repair and inspection of hoists and lifting gear. Ostensibly run by the Owner, he is assisted by his Wife and Son as well as a number of other knowledgeable and qualified personnel. The nature of the business is such that, the relevant authorities enforce stringent controls to ensure compliance with mandatory safety standards. Accordingly, the company is particularly well structured and organized with documented systems and procedures in place to maintain a consistent and professional approach. This applies to safety, workflow, administration (job cards, invoicing etc), ordering/buying, quality control, lines of authority, record keeping, storage, filing and various other disciplines too numerous to mention. The resultant effect is that the Company has established an excellent reputation for its consistent supply of quality products in conjunction with a reliable and professional approach to repairs, maintenance, after-sales service and advice. One of the many successful Company philosophies has been to align themselves with credible and reputable suppliers of equipment and spares and these include the likes of AEG, YALE, WARN, GUNNEBO, ATLAS COPCO and many others. A comprehensive range of pneumatic power tools, winches, hoists, lifting gear and allied parts and equipment are stocked to meet the many and varied needs of the customer. Tangible asset values exclude two leased, commercial vehicles both of which are in as-good-as-new condition and used in the business on a day-to-day basis. These include a 2016 Ford 2.2lt Supercab and a 2017 Mahindra Singlecab. The Purchaser would be required to take transfer of the leases the collective cost for which are accounted for in the financials. With an annualized recorded profit in excess R1.0 million for the 12-months period ending February 2017, the business generated a monthly average EBPIDT (Earnings Before Proprietors Drawings, Interest, Depreciation & Tax) of R84 000. At an asking price of R3.85 million (NEGOTIABLE) including stock of +/- R300k, this business offers a 45-month payback and/or a 26% Return on Investment. Despite tough trading conditions in most industry sectors, this business continues to perform well with little to no comparable competition. All financial information can and will be verified with Audited Financials, VAT returns and Bank Statements. The Seller is very keen to sell so that he can pursue other business interests thus, ALL reasonable offers will be considered.