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Manufacture of Cement Bricks and Products
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PROFILE |
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Description: |
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This long established manufacturer offers a vast array of sustainable masonry products such as bricks, blocks, maxis, bond paving and interlocking pavers. Their highly sustainable cement products are made to standard specifications.
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Industry / Sector: |
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Manufacturing |
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LOCATION |
| State / Province: |
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Western Cape RSA |
| City / Town: |
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Cape Town |
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Location / Area: |
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Industrial Area |
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Metro Proximity: |
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Cape Town. It should be possible to commute from this metro city to the business location. |
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Portability: |
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Zero Portability - This business can only operate from the area specified. There is no potential whatever for it to be relocated elsewhere. |
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PRICE |
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Asking Price: |
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R 17 500 000 |
| Conditions: |
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The asking price is marginally negotiable. Please see further details below. |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 1 667 000 per month
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| Profit: |
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R 200 000 per month
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| Annual Return: |
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14
% per annum
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| No. of Staff: |
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76 |
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Year Established: |
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1989 |
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Legal Persona: |
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Close Corporation |
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Other Information: |
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GENERAL INFORMATION
Operating from a 19 000mē leased property owned by an associated company, their manufacturing capability is about 10 000 tons of Products per month.
All their paving and other products are tested and approved by a testing facility situated on their premises. This assures customers that they are getting high strength and heavy-duty masonry products.
This Manufacturer identified the need to provide equal opportunities for all within South Africa; so through transformation and skills development they have undertaken to impart skills and knowledge to their previously disadvantaged staff members.
PRODUCTION CAPACITY
Production capacity is 130 000 bricks or 70 000 pavers or 1 500 pallets of hollow blocks per 9 hour shift (depending on product size).
FINANCIAL INFORMATION
Detailed financials will be made available to approved buyers in terms of the signed confidentiality agreement (NDA) and all the information can be verified.
The financial information reflected above is based on turnover, gross profit, operating expenses and owners costs. The EBITDO has been based on the financials provided for the year ended 28 February 2022/23 and extracted from the audited financials and management accounts.
POTENTIAL
With great integrity, they offer customers a long-term business relationship with competitive pricing and their vision and mission are to provide clients with a one-stop shop, peace of mind and best quality cement products.This well-managed business is highly respected and known for quality products and service.
The production facilities can double the output - without the constraints of load-shedding!
Suitable for a hands-on entrepreneur and or experienced operator in the construction industry.
This opportunity is also suitable for a corporate entity seeking to expand their offering in an Allied industry.
PRICE
The asking price is marginally negotiable and includes a conservative value of fixed assets - estimated stock of R2.5 million is added on.
The final price will be determined by including the actual value of stock as at take-over date
REASON FOR SELLING
The seller is planning on retiring.
HANDOVER
The seller is prepared to assist the buyer for a hand-over period subject to an agreed arrangement.
DISCLAIMER REGARDING INFORMATION
No representation or warranty, express or implied, is given as to the accuracy or completeness of the contents of this profile. The only representations and warranties that will be made are those that may eventually be included in a definitive agreement to the proposed sale of the vendors interests in the business.
Neither this profile nor any of the information contained in it shall form the basis of any contract for such sale, nor does it constitute an offer, invitation or inducement to purchase or acquire any shares in the business or any interest in it.
PROOF OF FUNDING REQUIREMENT
Interested parties MUST be able to demonstrate that they have access to the required funds to finance a cash transaction purchase.
In terms of the broker's mandate, the seller will not entertain any discussions or consent to provide any details or documentation or accept any offer unless you first meet this criteria. The potential buyer will need to provide proof of these financial requirements in your initial inquiry.
CONFIDENTIALITY
ADDITIONAL DETAILS WILL ONLY BE PROVIDED BY THE APPOINTED BROKER SUBJECT TO SIGNING A CONFIDENTIALITY AGREEMENT (NDA), COMPLETING A BUYER PROFILE FORM AND SUBMITTING THE REQUIRED FORMS TO THE BROKER, FOR THE SELLERS APPROVAL.
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Record ID: 2881
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