Property Description: Engineering Opportunity (Automotive Industry)
About this Business: A full-service engineering workshop is offered by this company. Offering welding and fabrication, in-house and on-site. Repairs and installations. Ideally, the purchaser should be passionate about or knowledgeable about automotive engineering.
History: This business was founded by the current owner in 1995, and it is still run by the original founder.
Staff: There are five skilled and loyal employees who are more than capable of fulfilling their duties.
Scalability: By adding additional buildings on site, the owner can create a stable rental income due to the size of the premises (1842 sq m).
Figures: Annual revenue exceeded R4 million for the 2023 calendar year. The new owner can expect earnings around R790,000 (EBITDA) per annum.
Assets and Inventory: The listing price includes the property (approx. R4,3 million), all assets and inventory (approx. R150k at cost ex VAT).
Reason for Selling: Retirement
Selling Price: R8,990,000 ex VAT.
