Summary

Looking to invest in a proven, high-profit business? This is your chance to acquire a well-established company with an outstanding reputation in the mining sector. Operating at the heart of Mpumalanga, this thriving business is trusted by top-tier mining vendors and plays a crucial role in supporting the region’s mining operations. Don’t miss out on the opportunity to own a business with a strong track record and continued growth potential in a high-demand industry!

Give me more information

Fully describe the business's activities?

Supply and service mining and industry in Mpumalanga specifically Witbank Middelburg, Standerton, Ermelo, and Secondary areas

How long has the owner had the business?

Since 1979

How does the business operate on a daily basis?

Reps visit the mines, and the admin does quotes via email and order. Either goods are delivered or the company bakkie goes to Johannesburg once a week depending on demand. Accounting is done daily, and the manager oversees quoting repairs and manufacturing of leather goods.

What Advertising/Marketing is carried out?

Predominantly via reps visiting all the mines ...also have a website

Does the business have any contract work?

Not at the moment but have had tool contracts in the past

What competition exists?

All vendors in mining and industrial supplies on the mines except for sole supplier of certain commodities

What are the seasonal trends?

Closing period in December over Christmas

Is the business VAT Registered?

Yes

What VAT documentation is on file?

Yes

Are there up-to-date Management Accounts available?

Yes

What is the age analysis of the debtors book?

30 days business done with mining industry

How could the profitability of the business be improved?

Expansion of product line

Is Seller finance available and for what amount?

Give a breakdown of staff/ functions/ length of service?

3 directors running of the company and financial 40yrs + service
1 Foreman 10 yrs service
1 lady Manufacturer leather good 4 yrs
1 driver 2 yrs
1 worshop assist 2yrs
1 rep 10 yrs
1 rep 5 yrs
1 rep 9 yrs
3 admin ladies 2yrs and 1yr and 9mnths
1 cleaner 5 yrs