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 ref # 177


R 5 500 000 (325 443 EUR*)

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R 269,000.00 monthly.
R 5,300,000.00 annually.

Tool and Construction Equipment Hire

An exciting opportunity to own a business in the Construction Industry has become available.

This business is synonymous with supplying Tool and Hire Equipment to large Civil and Construction Clients in and around George – The Garden Route.
It was established over 25 years ago by the owner.

This is a manager-run business so there is no need to be there every day however the store would benefit from an owner that is hands-on.
There was a huge increase in profitability and Turnover in the financial period 2021 due to the previous manager getting caught stealing clients, stock, and cash. The store was also allowed to trade during the lockdown as it was supplying equipment to essential service workers.

The core business is renting out Rollers, Cement Crushers, Dumpers, etc. Currently, the store only hires out to Corporates so there is the potential to open on Saturdays and hire out to the DIY enthusiast.

For an extra R 655,000 there is an option to open up a second store in Mossel Bay. The current owner had planned to do this however has run out of time. He is more than willing to help a prospective buyer with setting this up.

Staff:  3 staff mebers.
Rental:  R 12,000.00
Asset Value:  R 4,136,000.00
Lease Terms:  8% escalation annually.
End of Current Lease:  2024.
Years Established:  25 years.
Stock/Inventory Value:  R 10,000.00

Trading Hours

Trading Hours:  Mon - Fri: 7:00 am - 17:00 pm.

Message Agent

Stephen Misplon, estate agent

+27 (0)79 510 7911
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