Eastern Cape Specialist Engineering Business For Sale

Business description

This business specialises in Hard-Chroming, internal & external grinding and precision machining services to the extent
that they provide services to a number of other engineering businesses in and around the city.

This business has successfully positioned its self into a market niche, and is one of only two local businesses able to provide these services in the area. The business has a very low reliance on the automotive industry, and has grown by providing exceptional service to a few key customers, one of which is serviced nationally.

The business was started in 2001, initially specialising in manufacture and repairs of hydraulic cylinders. It has shown
constant and solid growth over the years, and has continued to expand its services to meet demand. The business has
recently relocated to larger premises in order to be in a position to add hard-chroming to its service offerings, and also
boasts the largest cylindrical grinder in the Eastern Cape.

The current owner is very involved with the business on a daily basis, and two supervisors assist in looking after the day to day operations on the workshop floor. The business has never advertised or promoted its self in any way, and has relied entirely on its reputation to fuel its growth.

Property information

Real Estate:

Lease

Lease terms:

Lease expires in 2010, renewable.

Location:

Well located in an industrial area close to highways.

Premises details:

Currently housed in a 2 storey building, which has been modified to accomodate specific operational requirements.

Other information

Competition / Market:

Very limited competition in area of speciality.

Support & training:

The seller is willing to remain involved in the business for up to 6 months to effect a proper handover and to ensure continuity in respect of key customers.

Reasons for selling:

Owner planning to pursue interests outside of the country.

Furniture / Fixtures value:

R2,000,000 (included in the asking price)