Property Description: KAYAK MANUFACTURING PLANT – ASSET SALE
About this Business: This company is a roto moulding kayak manufacturer based in George in the beautiful Garden Route of South Africa. They use the latest technology and the best quality materials to manufacture high performance polyethylene kayaks. The company produce kayaks for leading brands locally and internationally. The product current product range includes Surf-ski’s, Fishing, Leisure Kayaks and Stand Up Paddleboards.
Premises: This business is very well located with a manufacturing premises build to suit it purposes. The premises is leased at a very affordable rate. Total size 900sqm including showroom and fabrication section.
Staff: Currently the business is not operating although 2 staff members available to commence immediately. Both are multiskilled with experience exceeding 15 and 20 years respectively.
Scalability: This business is extremely scalable with an online shop, export opportunities and setting up a marketing channel. Contacts with be provided to the new buyer. Currently there is a contract with 50 kayaks pending production.
Training and Support: Full training and support will be provided on site.
Assets: The asset inventory is valued at R3,135,000.00. (156% asset value!)
Inventory: Currently the completed stock is valued at R1mil and included in the selling price.
Reason for Selling: Owner scaling down.
Selling Price: R2,000,000.00 ex VAT
