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Galvanizing and Powder Coating Plant

 

PROFILE    
Description:    A rare opportunity to acquire a well-established galvanizing business serving the industrial, engineering, fabrication, construction and steel sectors.
Industry / Sector:    Manufacturing
 
LOCATION    
State / Province:    Western Cape RSA
City / Town:    Cape Town
Location / Area:    Industrial Area
Metro Proximity:    Cape Town.     It should be possible to commute from this metro city to the business location.
Portability:    Factory can be relocated but with difficulty
 
PRICE    
Asking Price:    R 52 000 000
 
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 48 922 508 per month
Profit:    R 1 096 000 per month
Annual Return:    25 % per annum
No. of Staff:    17
Year Established:    2007
Legal Persona:    Private Company (Pty) Ltd
Other Information:     
        PREMISES        

Leases are in place with prolonged tenancy of 5+5+5 years and market related escalation.

        ASSET STRUCTURING        

The business is sold inclusive of all the assets and R8m worth of stock in the form of zinc and other chemicals

All the assets are in place to ensure a fluent operation.
  • 727m² main factory
  • 12 purpose-built treatment baths
  • 283m² office component
  • 478m² covered canopy area
  • Water treatment facility
  • Two cranes, one fitted with two gantries providing three gantries in total
  • Powder coating plant
  • 1,000 KVA electrical supply.
        STOCK VALUATION        

Stock to the value of R8m is inclusive of the price valued at cost.

        SERVICES OFFERED        

The services offered to customer include the following:
  • Hot-dip galvanizing
  • Shot blasting
  • Zinc metal spraying
  • Aluminium metal spraying
  • Duplex coating systems
  • Acid pickling
  • Zinc Grip surface treatment
  • Powder coating
        STAFFING        

The full staff complement consists of:
  • Owner
  • One Operations Manager (the current owner's son) who is the key operator of the business
  • Two Production Managers
  • Finance Department
  • Production Personnel
  • Controllers
  • Support Staff
        NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT        

All the skills are available amongst the existing staff.
The new owner's primary function would be to manage and grow the business.

        PRODUCTION CAPACITY        

400 to 600 tonnes per month, with potential to exceed 1,000 tonnes per month.

        WORKING CAPITAL REQUIREMENT        

Debtors:   R2m to R3m
Creditors:   Approx. R1.2m
Sale Basis:   Being a going concern this would include the inventory of zinc and chemicals.

        LIFESTYLE ISSUES        

Trading hours are:
- Monday to Friday: 07h00 to 24h00
- Saturday: 07h00 to 14h00
- Sunday: Closed

        REASON FOR SALE        

Personal but will be divulged at the opportune time

        NON-DISCLOSURE AGREEMENT        

The prospective purchaser will be required to sign an NDA before any further details will be released?

Any interested party will need to be prepared to complete and sign an non-disclosure agreement. Confidentiality could impact on staff issues and/or effect supplier and customer relationships and for these reasons the NDA will specify the limitations on use of information supplied. This protects all parties involved.

        AVAILABILITY of AUDITED FINANCIALS        

Five years worth of financials are available.

        DUE DILIGENCE        

A mini due diligence has already been performed and the EBITDA has been presented accordingly.

        SALE CONDITIONS        

No seller finance is being offered. There are two family members who play key roles holding 28% shareholding. If the buyer wishes to bring them aboard then the price can be reduced accordingly.

        PROOF of FUNDING REQUIREMENT        

A potential buyer needs to demonstrate that they have access to the required unencumbered cash funds to finance the cash transaction portion of this purchase. The seller will be much more cooperative in sharing documentation, business details or financials if the buyer is prepared to put cards on the table.

        HANDOVER ARRANGEMENTS and TRAINING        

There will be a stay on period and/or pre-handover training accompanied by operating manuals, recorded operating procedures, etc.


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Record ID: 3019
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