Background: This is a family owned Marble and Granite business and has been going for many years. The Owner needs to sell due to health reasons.
Location: Situated in the Industrial Area of Delville Ext 1, Germiston.
Features: GLA: 685m² Land Size: 685m² Zoned: Industrial
Layout: Access to the factory can be gained via the front entrance. The factory has a sliding gate entrance which is used for deliveries. To the right is an entrance to the offices. Beyond the Sliding gate is a roll up door. This factory has not been completed with renovations. As the owner has been ill. Inside the factory at the back are more offices. There are many machines in the factory used for cutting of the Marble and Granite.
Financial: This property is registered in a cc. The Financials for the last year are not available as no trading has happened over the last 8 months.
Assets: 2 x Bakkies Various Equipment: Cutting Table Power Saw Bench press Drill Compressor
Staff: The owner has a foreman on site who is keeping an eye on the property.
Strengths? – Well located building, nicely situated in the Industrial area of Delville, Germiston. This business is vey well known in the Granite and Marble Industry.
Weaknesses? – The Property still needs to be finished w.r.t. the renovations. This property will not suite any Businesses which requires a lot of personal parking.
Opportunities? – This type of business is sought after, Marble and Granite is in great demand.
Threats? – If other competition opens up in the area.
Conclusion as to why this is a good property to purchase: As this Business has been going for so many years, Family owned it has been very successful in the past. The building itself is a bargain. The Business can be bought separately from the Property as there are buyers who want the property. The owner will supply a list of Clients and Suppliers. This is a well-known company in the Marble and Granite business.
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