Sector - Manufacturing
Own a manufacturing business specializing in custom steel works.Give me more information
Fully describe the business's activities?
This manufacturing steel works business specializes in modifications to truck & trailer bodies. They build professional over-lander and game viewer conversions, truck bodies, rails, hunting rails etc. They can customize your 4 x 4 to your desired specification and are extremely neat and professional in their work. Adding further variance and creativeness to their business, they can cut your metal artwork or building signage in their CNC cutting department. They have begun adding new product lines and entering a new market to reignite growth. The aim is to open up new markets and new customer groups, thus improving this company's performance.
How does the business operate on a daily basis?
The owner and his wife run the business together with their existing staff. Jobs are opened and completed per vehicle, truck & trailer. Jobs can take up to a few months to complete although all run on a completion deadline date.
What Advertising/Marketing is carried out?
Only social media is currently carried out.
What competition exists?
There are 4 other businesses in Namibia whom are in similar fields.
How could the profitability of the business be improved?
The business owner feels that if he managed it more effectively he could increase the profit margins.
Give a breakdown of staff/ functions/ length of service?
Over 60% of the staff have been employed from 1 year up to 5 years. Their positions vary from mechanics, fabricators, rubberizes, painters, designers, electrical fitters and general workers.
Do any have management potential?
There is one manager that is currently employed for N$ 600,000.00 per annum.
How involved is the Owner in running the business?
The owner is involved daily in this business.
When does the current lease end?
The current lease ends in 10 years
What are the trading hours?
The trading hours are Monday to Friday 07h30 - 17h00
What are the main assets of the business?
The main assets are the plant & machinery equipment
There is endless opportunity in the steel manufacturing business. This business is able to diversify in the market and change its manufacturing product line to achieve better business results and reap more profit.
This business requires constant management making sure that the jobs are completed on time.
There is an opportunity to start exporting this businesses's products. Adding new product lines, or entering a new market is one way to reignite growth. The aim is to open up new markets and new customer groups, thus improving this company's performance
What is the reason for the sale?
The current owner needs a change and has other business opportunities which will not allow enough time to manage this business effectively.
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