Ref. No - BFS937566
South Africa, GautengRef. No - BFS937566
Sector - Services
Asking Price
R6,350,000
Monthly Profit
R190,531
Asset Value
R 1,637,798
Stock Value
R 250,000
Yearly Net Profit
R 2,286,374
Summary
Specialists in the field of lifting equipment such as Overhead Cranes (Double and Single Girder Overhead Cranes) and carry out load and deflection testing in order to ensure that our clients comply with the requirements of the OHS Act, I deal buyer will have experience in the industry.
Give me more informationFully describe the business's activities?
They specialise in the field of lifting equipment such as Overhead Cranes (Double and Single Girder Overhead Cranes) and carry out load and deflection testing in order to ensure that our clients comply with the requirements of the OHS Act. They have built up a reputation for giving excellent professional service at a competitive price.
They have local and national design expertise to install any solution from a single hoist to a fully automated system such as overhead cranes.
They have local and national design expertise to install any solution from a single hoist to a fully automated system such as overhead cranes.
How does the business operate on a daily basis?
Their trained technicians specialise in providing comprehensive support for all lifting equipment needs. They are fully equipped, from rapid response to emergency breakdown, to professional consultancy for new equipment.
What Advertising/Marketing is carried out?
None
What competition exists?
There are many other similar companies
How could the profitability of the business be improved?
Marketing
Efforts of a younger owner
Efforts of a younger owner
Give a breakdown of staff/ functions/ length of service?
1 Service Manager
1 Service support
3 technical staff
1 Supervisor
1 lift inspector
3 assistants
1 Cleaner
1 bookkeeper
1 Tackle division administrator
1 Service support
3 technical staff
1 Supervisor
1 lift inspector
3 assistants
1 Cleaner
1 bookkeeper
1 Tackle division administrator
Do any have management potential?
There are managers in place
How involved is the Owner in running the business?
Owner is on site 2 times per week.
Owner does the special or bigger quotes, makes payments, runs the business
Owner does the special or bigger quotes, makes payments, runs the business
Who would be an ideal buyer?
It would ideally be someone with cranes and lifting equipment experience.
When does the current lease end?
The building is owned by the seller
What are the trading hours?
Monday to Thursday 07:30 to 16:30
Saturday 07:30 to 12:30
Saturday 07:30 to 12:30
Strengths?
Established for decades
Well known in the industry
Competent and well-trained staff
Well known in the industry
Competent and well-trained staff
Weaknesses?
Buyer must have some technical crane knowledge
Opportunities?
Energised and younger owner will ensure growth of company
Threats?
Many other smaller companies
What is the reason for the sale?
Owner is retiring
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