About this Business
This is a "mothballed" business with all assets and business infrastructure in place, having served the mining and industrial industry for several decades in the hydraulics equipment suppliers segment of the market, and now wishes to sell all assets, stock and building to potential buyer wanting to enter the market with a solid foundation.
What are the main assets of the business?
High Quality Engineering machinery, stock holding and spares, including 2,300 square meters building - Owner estimated that value of stock and machinery exceeds the price asked for the business, yet is willing to forego as individual asset sale may yield higher price yet wishes to move forward on other projects.
What is the reason for the sale?
Could not secure BEE credentials and solid partners just before lockdown, the owners health also deteriorated and it was decided to mothball the company.
What is the price plus stock and the profit?
R12,9 million, this includes all of the assets as well as the building
The Ideal Buyer Profile
Hydraulic Equipment, Engineering Company or Mining company requiring significant assets and spares to move their business to a new level and understands the dynamics of value held in this business, which is at least 10 to 20 years of structure and infrastructure. - A physical visit of the premises would be an utmost requirement to fully comprehend the potential.
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Annual Turnover Amount between R 500 thousand and R 6 million