BUSINESS DESCRIPTION
This company is a local Civil Engineering Contracting Company operating in the South Cape and the interior of the Karoo.
This company does a wide range of civil work but concentrate mainly on bulk earthworks, roads, township developments and industrial development, in the small (R100 000) to medium (R15 000,000) range.
They also sub-contract to large building companies in the area, doing their civil work. The Company has a large (relative to its size) fleet of modern equipment which it uses primarily for its own use and hires out excess capacity.
A large portion of their work is negotiated with new and existing clients, many of whom they have been associated with for up to 20 years. There is a hands on approach by the Directors of the Company who make up the positions of General Contracts Manager and Plant Manager.
Most of their operators and foreman have been with the Company for an average of at least 10 years .
Additional to the asking price, the purchaser will have to give bank guarantees for tenders to the value of R2m.
This is an excellent opportunity to acquire a well established company and brand that can provide well for your family in future while enjoying the quality, safe & secure lifestyle of the beautiful Garden Route area.
Asking price excludes stock of about R100,000 depending on the work in progress on the effective date.