R10 500 000 | Hardware Manufacturing Company Port Elizabeth

Port Elizabeth based, long-standing, stable Engineering Company for sale, due to retirement. The owner has come to a point in his successful entrepreneurial career of over 40 years where he wishes to scale down on his current business interests. The sale of the above-mentioned company will
allow him to spend more time with his family and pursue his hobbies and other business interests.

The factory or buildings measuring 5230 m2 is included with the sale with a good range of machinery, excellent fully skilled workforce and a first-class loyal customer base. This is a fantastic opportunity for existing Companies supplying to the motor industry or hardware manufacturing to expand.
The company is currently not BBBEE compliant. This opens a wide window of opportunity should the company be purchased by a Level 1 BBBEE contributor. The assumption can be made that most of the suppliers will increase the number of purchases if they can gain increased Preferred
Procurement status. Whoever procures the company will receive the following main benefits:
A company productivity rate can be increased from 30% to 100%.

A massive amount of presses dies, and other tools as listed in the company's asset register. The presses and dies are all in working order. Taking the asking price for the company into consideration, the cost to set up an operation of similar size by procuring new equipment and tools can be
estimated at more than 10 times the asking price.

Our client is reluctantly offering the business to the market due to a desire to take a well-deserved retirement. Since the business was established time and money has been invested into the business and premises meaning that it is in full walk-in condition. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.

The asking price will exclude VAT and interested parties will be required to sign a non-disclosure agreement before any additional information is passed on.