Verified Listing
Posted on January 10, 2020 / 548
Price : R5,200,000
Listing Type : Equipment Hire
Location : Durban
Ref. No : 2609
Year Established : 2010
No. of Employees : 5
Trading Hours : 8am - 5pm
Turnover : R 239 092
Expenses : R 139 861
Net Profit : R 36 562 pm
Asset Value : R 277 245
Stock Value : R 4 000 000

A well-established and lucrative equipment hiring business is for sale. The business offers multi-purpose portable flooring system to suit a wide range of uses. Ideal for exhibitions, showrooms, car displays, functions, weddings, shopping malls, marquees, halls and ramps. The list of possibilities is endless.

The system is easy to transport, assemble and withstands heavy traffic. Stain-resistant to even the toughest most common ‘eventing’ stains such as tea, coffee, wine and lipstick. High flame resistant with low smoke emission. The product is eco-friendly, designed and made in South Africa and has a South African owned patent pending. The business also does all its own in house manufacturing and reconditioning of the flooring panels.

The business is a successful spin-off venture of the current owners’ core business, however, the current owners feel they are unable to provide it with enough attention to further its success and thus have decided to place the business on the market. New contracts have been signed with clients and monthly turnover figures and gross margins are increasing at a rapid rate month on month. Due to the nature of the business and its business model, this business could be moved anywhere in the country.

* Morgan Laxton – LP KZN South Coast