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Annual turnover

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  • Mandate: 31048
  • Added: 13 Apr 2017
  • 1521

Electrical and plumbing business in Rustenburg with vendor numbers

North West, North West
1521
Mandate 31048
Added 13 Apr 2017
R 2,000,000* ZAR
Stock: R 50,000
Assets: R 457,700
R 43,353 ZAR
Dierk Wenhold
(PRINCIPAL)
Aldes Imperial
North West
North West
Summary

Well established business with a huge existing customer base. They are on the vendor lists at the mines and many other big brand names in and around Rustenburg.

Electrical and plumbing business in Rustenburg with vendor numbers
SELLING PRICE
R 2,000,000* ZAR
Stock: R50,000
Assets: R457,700
R 43,353 ZAR
Summary

Well established business with a huge existing customer base. They are on the vendor lists at the mines and many other big brand names in and around Rustenburg.

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Fully describe the business's activities?
This started as an electrical business and now delivers a variety of services including plumbing, refridgeration, networks, construction and mining supplies.

How long has the business been established?
8 Years.

How long has the owner had the business?
8 Years.

How does the business operate on a daily basis?
Jobs are planned in advance, but the owner is always on standby when clients phone for new jobs and services to be rendered.

How are the clients attracted to the business?
The owner has never turned down any job too big or small, therefore his huge client base of existing and satisfied clients, keeps groing through word of mouth.

What Advertising/Marketing is carried out?
The company has a web page and a facebook page.

Does the business have any contract work?
The company is a vendor at many big businesses including Woolworths, Life Hospital, Anglo Platinum mine and Barlow world.

What competition exists?
The competition does not have an impact on this business mainly due to the owners excellent track record and because he delivers such a variety of services.

What are the seasonal trends?
None.

Is the business VAT Registered?
Yes.

What VAT documentation is on file?
All documents will be available to serious buyers.

Are there up-to-date Management Accounts available?
Yes.

What Balance Sheet and Income Statements are available?
Financial statements for the year ending 28 February 2017.

What percentage of the business is cash/credit?
10% Cash 90% Credit

What is the age analysis of the debtors book?
30 Days.

How could the profitability of the business be improved?
Expanding into the mining sector.

Is Seller finance available and for what amount?
No.

What is the total staff complement?
5 Permanent employees including the owner.

Give a breakdown of staff/ functions/ length of service?
1x Owner - 8 Years 1x Admin - 3 Years 1x Electricial - 1 Year 2x Assistants - 2 Years

Do any receive special perks or incentives?
Performance bonus is given at the owners discretion.

Are they on contract?
No.

Do any have management potential?
Yes.

How involved is the Owner in running the business?
100%.

When does the current lease end?
N/a. The owner works from an office at home, but this is a mobile business and the service truck is fully equipped to deliver the services at the clients premises.

What are the trading hours?
07:30 - 17:00

What are the main assets of the business?
Vehicle, machines, tools, stock and the vendor numbers.

Are any items not included in the sale?
Everything is included.

What is their overall condition?
Functional.

Do any require repairing?
No.

How have they been valued ?
Replacement value.

Are they presently insured?
Yes.

Strengths?
Excellent track record of services delivered to existing clients of big brand names.

Weaknesses?
None. The owner never turns down jobs, if he is not able to deliver the service, he out sources the job to ensure client satisfaction.

Opportunities?
Expanding into the mining sector.

Threats?
None perceived.

What is the reason for the sale?
The owner wants to emigrate.

Why is this a good business?
This is an established business that has built up an excellent reputation and trust relationship with it's clients.

What is the price plus stock and the net profit?
R 2,000,000.00 everything included.

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FRANCHISE DETAILS

Aldes Imperial

1 members
8 active mandates
North West
3 Arendweg
0299

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