What are the main assets of the business?
Production machinery such as Decoiler, Eccentric Press, Welding machines, Plate roller, Pipe Bender and the like. Also three delivery vehicles.
Are any items not included in the sale?
Two vehicles registered in the company name which is used for owners private use.
What is their overall condition?
On our visit through the factory we were impressed with the condition and the overall maintenance of all the production equipment.
Do any require repairing?
Being a manufacturer regular repairs and maintenance is required. This is an in-house function.
How have they been valued ?
The owner assisted us with an asset list and a valuation of each item.
Which assets are on lease/HP and with whom?
One Truck and one Bakkie as well as four other items are on Hire Purchase.
What are their settlement amounts?
Around R2 650 000 outstanding on lease/HP agreements. (December 2017)
Will Seller settle or Buyer to take over?
To be negotiated.
Are they presently insured?
All business assets are comprehensively insured.