Detailed financials available on request
The owner of this business has ceased trading in the operating entity in anticipation of his retirement down to coast in a few months time. As a result a unique opportunity has come about to purchase the assets in this business at a fraction of the current second hand value. The assets consist of extruders, granulators, shredders, and washing lines, all of European origin. Although the assets are old, they have been well maintained, regularly overhauled and in 24 hour operation until the end of January 2017. Current second hand value is around R 6.0m and the owner is prepared to negotiate around the R 2.2m mark to facilitate a quick sale. The owner is in the process of moving the assets to Cape Town with the intention of selling them on the international market. Price excludes VAT if applicable.