The business was founded in the 1960s by the current owner's father, initially operating from his garage. In the 1980s, the present owner joined the company and expanded its services, necessitating a move to larger premises. Today, the company specializes in metal design and fabrication, proudly serving prominent clients, including one of the largest universities and a leading shopping center.
- Asking Price:
- R2,250,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- R2,400,000
- Cash Flow:
- R700,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
3 year renewable
- Leasehold Rent:
-
R300,000 per annum
- Location:
-
Light Industrial Area. Excellent location in a very popular and safe area of Milnerton close to N1 and N7
- Premises Details:
-
Warehouse with outbuildings and office space
- Size in square feet:
- 450 square meters
Business Operation
- Expansion Potential:
-
There is a large scope of work in construction with a lot of new buildings and renewing going on in the city.
- Competition / Market:
-
Other metal engineering firms
- Reasons for selling:
-
Retirement
- Trading hours:
-
08h00 - 17h00 Monday to Friday
- Employees:
- 4
- Years established:
- 40
Other Information
- Support & training:
-
1 month support and training will be provided
- Furniture / Fixtures value:
- R100,000 - included in the asking price
- Inventory / Stock value:
- R350,000 - included in the asking price
- Relocatable:
- This business can be relocated.
