Opportunity for a Sales/Financial person with a Degree to join this challenging & lucrative profession.
➢ We have over 35 years’ experience;
➢ Full training 24/7;
➢ Back-up support;
➢ Business Valuation training;
➢ Unique software systems;
➢ Website;
➢ All documents & agreements.
Contact Mike - 082 446 5606
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Industrial Powder Coating
A neat and well-running small powder coating business, located in a relative new industrial area in the West Coast Peninsula. Established in Oct 2010 by the current owner, this company is ideally placed to gain access to West Coast industry and participate in the huge expansions now taking off.
The company is well-known for their quality work, excellent and personal service. Limited marketing and advertising is done on internet and social media. Most business comes from repeat customers and word of mouth, with no direct competition (closest competitors are in Cape Town). Except for the usual holiday periods, there are no seasonal trends affecting the income.
One of the CC Partners actively oversees the daily operations and is assisted by a Manager whose services are shared with a sister company, operating from the same premises. Other staff consist of a Secretary/Receptionist (part-time and shared) and 3 full-time employees.
The current lease at R 4,600 p.m. for +/- 365 sq m (very low!) is valid for 2 more years; new terms are fully negotiable.
Trading hours are from 07:30 to 17:00 Mondays to Thursdays and 07:30 to 13:30 on Fridays.
Annual Financial Statements up to 28 Feb 2017 on file, Management Reports can be extracted from an up-to date accounting system. Annual Cash Flow Profits (EBITDA) are R419,000 (financial year 2016/17) and approximately R460,000 for 2017/18. VAT Returns are up to date.
The operating owner wants to consolidate and focus his business interests.
The business could be expanded considerably with more marketing and selling campaigns, especially to target the many new businesses in the region. Future growth is virtually guaranteed due to the above-average growth of the region, fuelled by substantial infrastructure, construction and industrial developments. Total Selling Price for the Going Concern’s Assets and Goodwill is R 1.6m, which includes R140,000 stock to be adjusted accordingly on the hand-over date.
Maximum benefit will be achieved if the associated business (a sheeting and construction business) is bought with this Powder Coating business.
