Mandate Number NB 1827. Asking Price R2,0m injection into business for 51% share in business.
This 30- year old business manufacture over 100 different products for hospitals, old age homes & clinics. The company manufacture products using steel, stainless steel and wood and also do in-house powder coating.
It has found it difficult to secure orders and tenders as a result of slow transformation and is looking for a black investor to acquire a majority share in the business.
|Average monthly revenue||R350,000|
|Cost of sales||R100,000|
|Salaries and wages||R120,000|
|MONTHLY Profit before tax, depreciation and owner’s drawings||R35,000|