Sectors / Category

Annual turnover

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  • Mandate: 33500
  • Added: 18 Sep 2019
  • AFS
  • 249

Truck body manufacturer KZN. Was recently making profits of > R1m pa. R2.3m SP ie the value of the assets, stock (74 drawings/specs free), etc.

KwaZulu-Natal, KwaZulu-Natal Midlands
249
Mandate 33500
Added 18 Sep 2019
R 2,300,000* ZAR
Stock: R 350,000
Assets: R 1,950,000
R -69,167 ZAR
Cliff Bell
(PRINCIPAL)
Aldes Exclusive
KwaZulu-Natal
KwaZulu-Natal
Summary

Fire engine, personnel transporter, trailer ... manufacturer & general fabricator, close to PMB, KZN, with good staff in place. The 2 000m2 top quality building is some 8m high, on a 4 000m2 stand & selling for R5.5m.

Truck body manufacturer KZN. Was recently making profits of > R1m pa. R2.3m SP ie the value of the assets, stock (74 drawings/specs free), etc.
SELLING PRICE AFS
R 2,300,000* ZAR
Stock: R350,000
Assets: R1,950,000
R -69,167 ZAR
Summary

Fire engine, personnel transporter, trailer ... manufacturer & general fabricator, close to PMB, KZN, with good staff in place. The 2 000m2 top quality building is some 8m high, on a 4 000m2 stand & selling for R5.5m.

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Fully describe the business's activities?
Manufacturer of - Fire engines, personnel transporters, buses (13-60 seaters), trailers (fire, water, cane, wood - flat, tip) - with 74 drawings - for Mitsubishi, Isuzu, Toyota, Hino, Mercedes, Iveco, Fuso - the NATIS numbers are in the Sellers personal name & he is willing to remain involved until they have been moved into the new businesses name (for a fee or merely use his drawings/specs to regain approval). Also a general fabricator. Fully capable staff (boiler makers etc) Various metal fabrication machinery, a fully fitted machine tool room, 6mx8mx5m spray booth, various tools

How does the business operate on a daily basis?
Existing clients request quotes for vehicles & products that are as per past designs or specific (from their drawings or as per owners interpretation). Client orders were as high as R15m pa, but without marketing/business development, they have fallen back to some R6m. The building & plant has capacity for an approx R20m pa turnover. With designs of work in place, the floor manager & staff are more than capable to built the vehicles, with metal work done on site, while components are ordered in. Spraying of the units is done as they progress within their own 6mx9mx5m spray booth.

Is the business VAT Registered?
Yes with all on file.

What Balance Sheet and Income Statements are available?
Full AFS and MA's available. They will show past profits (including owner addbacks, deprec, amortisation) at over R1m pa on Turnovers above R10m (have been as high as R15m pa). Present turnover is some R6m, with the attached Financial Report indication main expenses and the resulting present loss. Someone with contacts/contracts/tenders, could rebuild this business to where it was

What is the total staff complement?
18 fully capable staff (boiler makers etc) are supported by the factory manager & admin assistant - CTC of R3m pa. The factory manager oversees the very capable staff, with the owner being the design brains behind the business - although suffice to say that the 74 NATIS NUMBERS & drawings are complete & available to work from.

Premises Details
The 2 000m2 top quality building is some 8m high, with 325m2 concrete outside area, on a 4 000m2 stand & selling for R5.5m (thus some R55 000 pm was put in as rent in the attached Financial Report to cover the Bond thereon). Actual address outside of Pietermaritzburg will be supplied to enquirers.

What are the main assets of the business?
A full computer generated list with pictures is available: Various machines - drills, mills, lathes, grinders, polishers, rollers, guillotines, presses, saws, compressors, welders, forklifts, 80 KVA generator, Numerous power tools, vices, trolleys, benches, shelving, screens Spray booth & extractor - 6x9x5m Office equip, computers, printers ALL - in good condition, well maintained and valued at a second value of some R1.95m FURTHER - There can be an arrangement with the Seller to use the Natis Numbers in his name for a fee or merely use his drawings/specs to regain approval.

What is the reason for the sale?
Owner wishes to retire (& use his recreational toys built in the workshop) - while the new owner can bring in a new desire to push business development

What is the price plus stock and the profit?
The Sale Price for the assets & vehicle specs/drawings is R1.95m, with stock around R350 000, while the building is on sale for R5.5m

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AGENCY DETAILS

Aldes Exclusive

2 members
15 mandates
KwaZulu-Natal
11A Coghill Avenue, Kloof
4000

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