Business Summary

Manufacturing stunning steel furniture has been at the heart of this business for the last 20 years. They offer an extensive and exquisite range of top-quality wrought iron, steel, and chrome furniture including accessories that are used throughout the home and the hospitality industry. Their product range includes tables, servers, chairs, chandeliers, mirrors, cupboards, curtain rails , outdoor, restaurant and hotel furniture.

Their client base is split 50/50 between retail and corporate clients. They recently relocated to a much more accessible facility only 10 mins from the heart of Sandton, which should greatly increase their retail trade. They are the preferred supplier to some major restaurant chains and hotel groups and have exported to Sub-Saharan Africa and the Middle-East.

Their product quality is of such high standard that they have a thriving refurbishing line of furniture that was sold 15 or 20 years ago.

They so very little marketing and rely on their good name which is known in the interior design, architectural and hospitality industry for repeat orders. Development of a social media marketing presence, and investment in sales people will greatly contribute too their order book, which averages in the region of R3.0m.

The business is well staffed with one key staff member who processes orders and oversees the manufacturing operation. They have two accounting people and 8 workers in the factory. The owner is well past retirement age and have some other business interests. He is willing to remain on for a period not exceeding 3 months at no cost.

The current turnover is is in the region of R4.2m with Gross Profit at about 50%. Overheads is R 1.2m and net profit before tax R850k. The asking price is R2.9m which includes inventory and work in progress of around R600k.

The owner only wishes to engage with buyers that have the necessary funding available, and confidential Financial Information will only provided once a buyer has signed a confidentiality agreement and have met with the owner.

Please contact us for more details.

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