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MACYOUNG:Engineering Opportunity (Automotive Industry)

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Overview

Property Description

Property Description: Engineering Opportunity (Automotive Industry)

About this Business: A full-service engineering workshop is offered by this company. Offering welding and fabrication, in-house and on-site. Repairs and installations. Ideally, the purchaser should be passionate about or knowledgeable about automotive engineering.

History: This business was founded by the current owner in 1995, and it is still run by the original founder.

Staff: There are five skilled and loyal employees who are more than capable of fulfilling their duties.

Scalability: By adding additional buildings on site, the owner can create a stable rental income due to the size of the premises (1842sqm).

Figures: Annual revenue exceeded R4million for the 2023 calendar year. The new owner can expect earnings around R790,000(EBITDA) per annum.

Assets and Inventory: The listing price includes the property (approx. R4,3mil), all assets and inventory (inventory approx. R150k at cost ex VAT).

Reason for Selling: Retirement

Selling Price: R8,990,000 ex VAT.

Other Features
Assets Included
Building Included
Property Id : 3438
Monthly Turnover: R241 000.00
Monthly Profit: R65 800.00

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Trevor Young (CEO)