Getting to Grips with Africa’s Roads Profitably – MC Hardware (Harare)
The combination of 9.3% economic growth, a lot more private cars and poor roads means business is booming for this tyre supply business
MC Hardware (Pvt) Limited is a small tyre supply business that also provides tyre and tube repairs as an ancillary service. With the combination of ever increasing cars and roads that are far from perfect in Harare, the business is inundated with orders it can’t fulfill without external financing.
The founder started the company 10 years ago with one tyre and has seen the company grow from strength to strength even through the turbulent times of Zimbabwe’s economic turmoil. The company employs 7 other people being 3 sales reps, a receptionist/secretary, 2 tyre fitters, a driver, and a general hand.
Why invest:
- A healthy order book that is growing
- Sturdy small business that has proved it can withstand even the most extreme economic conditions
- Increasing volumes on cars as a result of economic growth combined with poor road infrastructure means Macclefield Hardware will be kept very busy for a long while yet
Security to the value of 2.5 times the loan amount has been secured.
BUSINESS ASSETS AND LIABILITIESNissan Hardbody Bakkie 2006 model – $9000
Nissan Hardbody Bakkie 2002 model – $5000
Wheel Balancing machine – $7000
Tyre Changer – $8500
Compressor(Diesel) – $2500
Compressor(Petrol) – $1000
Office Equip and Furniture – $9000
Stocks – $15000
Debtors – $7500
Total Assets – $64500Liabilities(Creditors) – $ 6321
Nissan Hardbody Bakkie 2002 model – $5000
Wheel Balancing machine – $7000
Tyre Changer – $8500
Compressor(Diesel) – $2500
Compressor(Petrol) – $1000
Office Equip and Furniture – $9000
Stocks – $15000
Debtors – $7500
Total Assets – $64500Liabilities(Creditors) – $ 6321
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