Glass & Aluminium Assembly And Fitment Business For Sale

Business description

This company has been the pioneer in frameless interiors and design, manufacturing and installation of seamless shower enclosures. The majority consist of heavy duty hinges, SABS approved 10mm toughened glass, and centre-weighted rollers to create a frictionless sliding motion. Other products utilising these materials are specifically supplied for decorative purposes. An excellent business selling for R1.1m excl stock (R370 000), netting some R686 000 pa.

Property information

Real Estate:

Lease

Lease terms:

5 year lease from December 2010 wiith an option to renew at 9% escalation

Leasehold rent:

R513 000 per annum

Location:

Durban. Northern Industrial area

Premises details:

Factory with 5 year lease from December 2010 wiith an option to renew at 9% escalation - for some 800m2

Size in square feet:

800m2

Planning consent:

n/a

Business Operation

Expansion potential:

Excellent market in KZN region & development projects for higher-end products, with large amount of retail clients towards the latter half of the season. New product lines could be introduced from a glass and aluminium "marketing / branding" position specifically for cmmercial companies; eg displays.

Competition / Market:

Lower level competition exists but specialised machinery, skills, experience, and product options, have placed this company as formidable competition in the glass and aluminium industry.

Reasons for selling:

Owner is emigrating

Trading hours:

7.30 - 4.30 Mon - Friday. 7.30 - 1pm Sat.

Employees:

There are 17 staff members. The business is administered mainly by senior staff. The General Manager, Factory Manager, Senior Sales Manager and Financial Manager. The length of service is between 3 -5 years for general workers and office staff.

Years established:

10 - 2001

Other information

Support & training:

Owners will assit with management training and introduction to suppliers and clients, while staff are more than competent.

Furniture / Fixtures value:

R480,500 (included in the asking price)

Inventory / Stock value:

R370,000 (included in the asking price)

Relocatable:

This business can be relocated.