Sector - Sales & Services
Ferrous and Non-Ferrous Metal Scrapyard established for nearly 3 decades, with property and consistent customer base.Give me more information
Fully describe the business's activities?
Trading in Scrap Metals, Non Ferrous and Ferrous, other products includes second hand sales, engines, cylinders.
What competition exists?
There are other scrap dealers in area
How could the profitability of the business be improved?
Cost control on various lines would yield cost increases
Do any have management potential?
Yes staff is very competent
How involved is the Owner in running the business?
Overlooking of day-to-day operations. Problem solving. Managing Staff. Tenders and Auctions.
When does the current lease end?
The property is 9,000 Squares and forms part of the transaction. If deal is structured without the property then R30,000 rent would be payable on 5 year lease and terms such as escalation etc could be captured as part of this lease agreement. Preference would be to sell property with the business.
What are the main assets of the business?
The property of 9,000 squares with store and admin offices. UD Skip Loader. Tata Skip Loaders. Crane Truck. Grab Truck. Pickup Bakkie. 14 Ton Excavator. Range of Cube Bins. Scales. Nibbler. Cable Strippers. Crocodile Shears. Cutting torches and Tools. Forklift. Stock in Yard is excluded and will be part of overall discussion with potential buyer
Long history, loyal client base, constant cashflow. Revenues and profits treated owners well allowing to build wealth without any debt.
Owner retirement nearing removed the excitement required to drive business
Selling B Grade Materials. Expanding Rubble Removals. Purchase Shredder to Maximise Profits
What is the reason for the sale?
Owner Retiring - Currently selling all business interest as a result
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