Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Business For Sale. Superb, 'must-see' Lifting Gear Opportunity

LISTING DETAILS
Firms For Sale ID:
31851
Vendor reference:
11677
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$3,400,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This is a particularly well-established lifting gear and 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 (to ensure compliance with mandatory safety standards) enforce stringent controls.

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 itβ??s 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.

Over and above the assets and stock as listed, the company has two commercial company vehicles on lease namely:

* 2011 Ford XLT 3lt LWB Diesel Utility (Bakkie)
* 2012 Ford 2.2lt Diesel Supercab

Both of these vehicles are in excellent condition and the Seller would wish that a Purchaser take over the lease on the vehicles as they are used extensively in conducting the business. The Seller does not expect any financial gain from this transaction but would want to be relieved of the lease liability.

The other option would be for the Purchaser to settle outstanding amounts if indeed that was the preferred choice. Lease and running costs are accounted for in the financials so that, the annualized recorded profit of R980k (R82k per month) for the period ending February 2013 is tantamount to nett profits before interest and taxation (PBIT).

At an asking price of R3.40 million (NEGOTIABLE) including stock of +/- R300k, this business opportunity equates to a 41 month payback and/or a 29% Return on Investment which by industry standards represents an attractive and viable investment. Despite the recession, this business continues to perform exceptionally well with sustained growth.

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.