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  • Mandate: 33220
  • Added: 11 Jun 2019
  • AFS
  • 408

Plastic Injection Moulding Factory-Share sale

Gauteng, Johannesburg
Mandate 33220
Added 11 Jun 2019
R 14,580,000* ZAR
Stock: R 580,000
Assets: R 12,900,000
R 355,500 ZAR
Rory Miller
Aldes Active

Exceptional 40 year old well established factory for sale. Manufacturers own as well as client products. Good spread of clients therefore low risk.

Plastic Injection Moulding Factory-Share sale
R 14,580,000* ZAR
Stock: R580,000
Assets: R12,900,000
R 355,500 ZAR

Exceptional 40 year old well established factory for sale. Manufacturers own as well as client products. Good spread of clients therefore low risk.

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Fully describe the business's activities?
The company has been in existence for over 40 years. Many of the original customers are still trading with the company. The company has capability to design, develop and make prototypes for customers. Tooling is made in house if the company succeeds in securing new work. There are over 350 moulds that the company has. The company manufactures high quality technical plastic injection moulded products for a variety of industries. These include automotive, sport, mining, electronics, electricity distribution, furniture and engineering.

How long has the business been established?
Over 40 years

How long has the owner had the business?
Since 2005

What steps are in place to solve 'load shedding' problems?
The company has a generator

How does the business operate on a daily basis?
Other than the development of new products, the company manufactures goods to order. These orders either made from customers moulds or inhouse moulds. Most customers are repeat order clients.

How are the clients attracted to the business?
Mainly word f mouth due to the age and reputation of the company.

What Advertising/Marketing is carried out?
The web site is prime source of new business. Being based in an industrial area business is also sourced via drive past business.

Does the business have any contract work?
There are SLA type agreements however clients do not usually move due to speciality of the products.

What competition exists?
There are other competitors in the industry however owning and holding the moulds contributes to security of earnings.

What are the seasonal trends?
The last quarter is usually busier as the amusement industry gains momentum.( pool and soccer tables)

Is the business VAT Registered?

Are there up-to-date Management Accounts available?

What Balance Sheet and Income Statements are available?
The last year and before are available

What is the age analysis of the debtors book?
Most clients are 30 days

How could the profitability of the business be improved?
More marketing and advertising

What is the total staff complement?
23 staff including factory manager, office manager, toolroom foreman, bookkeeper

Do any have management potential?
The management support staff are already in place

How involved is the Owner in running the business?
Owner provides GM overview

When does the current lease end?
Property is owned by the seller. lease with options available

What are the trading hours?
40 hours per week

What is the square meters of the business?

Who is the Owner/Landlord?
The seller

What are the main assets of the business?
There are 12 injection moulding machines, tool room equipment, CNC machines, lathes moulds etc.

What is their overall condition?
ry good

Which assets are on lease/HP and with whom?
All leases will be settled

Very well established, energy efficient machines, reliable & modern equipment, skilled staff, easy access to highways and customers, support management in place

More focus on marketing needed

Extend the customer base

The broader economy

What is the reason for the sale?
Seller wants to retire

What is the price plus stock and the net profit?
R14m for shares excluding debtors, creditors, cash , stock and working capital

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Postnet Suite 129, Post Box 92418

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