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Business Details
Manufacturing
REF: BIZ39174
Listing
Date:
04-07-09
Turnover:
R 2 167 549
Asking Price:
R 1 500 000
Annual Gross Profit:
R 1 014 373
Property Included:
No
Annual Net Profit:
R 0
Category Description:
Coffin Manufacturing
Lease Term:
Lease expires in December 2009, there is an option to renew for 3 years
Lease Details:
Rental Amount:
R 14 000
Staff Details:
No Full time Staff:
13
No part time Staff:
Reason
For Selling:
The current owners borrowed heavily to buy the business and have not managed to grow the business and make the repayments of the loan. They would like to sell the business and make a new start
Business History:
The business has been operatinal for 15 years, the current owners have had it for 2 and half years.
Turnover
Details:
The annual turnover is R 2 200 000
Asset Details:
A full asset list will be made available. The assets are valued at R 600 000
Working Capital
Requirements:
R 100 000 is required as working capital
General Comments:
This is a good manufacturing business. More marketing strategies will ensure growth.