Filters
LocationSouth Africa, Limpopo

Sector - Manufacturing

Asking Price
R14,000,000
Monthly Profit
R 65,912
Asset Value
R 5,082,159
Stock Value
R 0
Yearly Net Profit
R 790,944

Summary

This long established business focus on the design and building of cost effective vehicles specially adapted for the mining industry.

Give me more information

Fully describe the business's activities?

This business specializes in the manufacture of below surface (underground) vehicles to suit customers in the mining sector. This includes the maintenance and support of vehicles in the field.
The deal includes the two business properties from which it currently operates.
A substantial contract has recently been acquired.
Owner prepared to train and assist buyer with technical details, terms to be negotiated.

How does the business operate on a daily basis?

This business specializes in the manufacture (and/or conversion) of below surface (underground) vehicles to suit customers active in the mining sector. Work involves the design and manufacture/conversion of new/used LCV vehicles to suit the various specialist applications. This work process is largely continuous because of general long lead times associated with this type business. Catman also provides maintenance and customer support on vehicles in the field. Customer base includes the local mining houses, mining contractors and private customers. High degree of repeat business.

What Advertising/Marketing is carried out?

No direct marketing performed.

What competition exists?

None in the immediate area supporting local mines.

How could the profitability of the business be improved?

Focus on the private sector, various requests from customers for workshop related work on private vehicles and 4x4 specialist applications.

Do any have management potential?

No

How involved is the Owner in running the business?

Business is owner run, daily involvement.

When does the current lease end?

Owner is the landlord and these two properties are included in the listing.

What are the trading hours?

07h00 to 17h00 Monday to Friday

What are the main assets of the business?

Equipment and machinery - please see attached asset register.
Two properties :
Stand 1 - 1584 meters squared (building sizes to be confirmed).
Stand 2 - 1270 meters squared (building size to be confirmed).

Strengths?

Specialist business with a proven track record conducting business in a niche sector.
Positive word of mouth marketing ensures repeat business.
Strategic placed business premises in the Eastern Platinum Hub with potential for future expansion.

Weaknesses?

Scarce skills of artisans required for specialized work.

Opportunities?

Significant opportunity by providing key specialized and general vehicle related services to the private sector.
Economic benefit of addressing the various BEE opportunities in the general mining sector currently unexplored.

Threats?

General volatility of the mining sector (if focus remains in this sector only).

What is the reason for the sale?

Owner has had a change of vision and a change in his personal circumstances.

Location

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Arie

Arie Roos

LocationSouth Africa

Preferred method of contact

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