Savannah Springs Water Company is going out of business
After 10 years, Savannah Springs, the water company based on Pedro Castle Road, Savannah, is closing down with the loss of about eight jobs.
‘It’s a bit sad and it’s something we never wanted to see – the place closed down. But the losses have just become unbearable,’ said company owner Andrew Eden.
‘We have never, over the years, been able to get a big enough share of the market to get a profit out if it,’ he said.
‘There comes a time when I have to cut my losses now.
‘After 10 years, if you can’t make a profit, it’s time to call it a day,’ he added.
‘If we had more volume we could survive but there’s just not enough volume of business for us,’ Mr. Eden – who is also in the water desalination business – told the Caymanian Compass.
It cost about $1million to set up the plant, which produces about 2,000 gallons a day at present but can turn out 3,500 gallons per day.
The company also on site makes its own containers from plastic pellets.
‘I think we are a great asset to the country especially at time when a hurricane is coming,’ said Mr. Eden.
‘At those times we can sell 10times the water we normally sell. But when the hurricane passes the volume drops right down again,’ he said.
‘It’s a shame when a local company closes down, and water is something that everyone needs, there’s no question about that.
‘But now when you go into a store there are 20 to 30 different waters there from all over the world and it’s hard to compete with that,’ said Mr. Eden.
Savannah Springs will be closing down in a couple of weeks when all the raw materials are used up but Mr. Eden will be staying in the desalination business, he said.
‘I just want to thank all my customers for their support over the years,’ he told the Compass.
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