The 48-year old family business manufactures Steel Housing Pneumatic Power Tools ideally suited to foundry applications. Main lines of tools are light and heavy duty die and horisontal grinders, heavy duty descalers and light duty chipping hammers. The die grinders can be used for mounted point work or flap wheelwork, while the horizontal grinders are applied for flap wheel work and wire wheel work. The vertical grinders are manufactured in sizes from 100mm - 230mm. The descalers are both flux and needle de-scalers, while the chipping hammers are for light duty applications. All tools are durable with low case wear designs and features. All can be governed and have safety specifications. The company has a number of long term, loyal, recurring customers providing an annual turnover of +-R1,2m with low overheads and excellent gross margins. Current turnover is purely from word-of-mouth and established relationships, so active marketing can grow the turnover substantially. The selling price includes R600,000 of stock and almost as much in heavy duty engineering equipment such as lathes, milling machines, turrets, band saw and many others. There are 30 large machines in total and a list is available for potential buyers. This business is self sufficient and the stock level is enough to operate for more than 6 months with minimal purchases. Stock includes finished tools, spares and components as well as tooling dies, Jigs and Patterns amongst others. The price includes lock stock and barrel, down to office and kitchen equipment. The purchase price excluding stock and equipment is a steal. The owner as well as the one full time employee are available to stay on a consulting basis for a period of time. Financials are also available. Lists of stock and equipment are also available on request. The business has premises which are for sale separately at R1,699,000.
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