Profitable Yachts and Boats Company Seeking Loan in Richards Bay, South Africa

- The business provided contracting services and manufactures boats and catamarans.

- Have completed various projects for construction so far and have had 10 clients for maintenance work.

- During the Covid period, revenue was reduced to ZAR 40,000 per month. But it is gradually increasing now.

- The business has recently added manufacturing of boats and yachts. We have 2 partially built, 52 ft catamarans and some smaller boats.

- First project (one of only two TAG-50s in the world, that has COF) ) needs ZAR 7 million for completion. She is currently valued at ZAR 5 million and buyers are offering ZAR 18 million on completion.

- Project two (an Admiral) valued at ZAR 2 million needs ZAR 650k to ZAR 2 million to complete. Depending on the finish she will sell for ZAR 4 million to ZAR 6 million.

- Business has successfully sold one boat so far.

- We plan to manufacture one catamaran per year.

- Business is owned by 1 person and is debt-free.

Alterations and maintenance of homes and offices.

Manufacture and maintenance of boats and yachts.

Merchandise (yachts and boats) valued at ZAR 7 million.

Equipment and tools valued at ZAR 500k.

We lease a yard of 20,000 sq. m. of which 3,500 sq. m. is under the roof, with the option to purchase.