Verified Listing
Posted on September 26, 2018 / 169
Price : R15,500,000
Listing Type : Industrial
Location : Johannesburg
Ref. No : 2489
Year Established : 1960's
No. of Employees : 24
Turnover : R1 166 500
Cost of Sales : R260 800
Expenses : R684 300
Net Profit : R221 400
Stock Value : R7 845 300

This cable manufacturer manufactures a comprehensive range of mechanical cables for automotive and industrial applications, catering mainly to the South African market. This business has been in operation for many years and was bought by the current owners in 1990. Although based in Johannesburg, this business also has a distribution branch in Cape Town.

It is a well-known and highly respected business that has a good relationship with all the major Auto parts suppliers such as, Autozone, Toyota, Renault, Nissan, Isuzu, Engineparts, Gaydons, AAAS, Goldwagen, etc. The company brand is associated with superior quality products that carry a 1 year and, in some cases, a 2 year warranty. The business prides itself that the returns for faulty products are less than .05% of sales and the owners are constantly striving to improve upon this remarkable statistic.

The current owners have grown the business considerably which now has an average annual turnover of around R14 million and has just received new business from Renault, Ford as well as Nissan. This business is going places.
The business operates from the premises which is also owned by the sellers. It pays a monthly rental to the holding company and a recent evaluation on the property has been undertaken.

Hours of Operation: Monday to Thursday 07h30 to 17h00 and Friday 07h30 to 15h30

Premises: 3,497 m² of G.L.A

Property Value: ± R8 700 000.00

Business Value: ± R6 800 000.00

Steve Van Rensburg – Roodepoort