VERY PROFITABLE WELL-ESTABLISHED STEEL MANUFACTURING BUSINESS GOING FOR A P / E OF ONE
Their core work consists of Structural Steel Fabrication and Installation, Metal Works and Balustrade Division, and Plate Work Fabrications.
This 21 year old well run company, has generated a net profit of R12 million a year, on a turnover of approximately R35 to R40 million per year, for the last two years. There are no audited Accounts, but there are management accounts which can be audited to prove figures.
Stock and Fixed Assets amount to approx R4.5 million.
The owners are selling for personal reasons which will be divulged on enquiry, but mainly health. The MD and 50% shareholder will hand over properly to ensure continuity and will stay on if necessary for 6 months to train the Buyer.
There are certain contracts in place. This is a golden opportunity to acquire a phenomenally proven successful business, with huge potential, and to further expand it, at the ridiculous low price earnings ratio of only ONE.
PRICE: R12 MILLION NOT NEGOTIABLE