Sectors / Category

Annual turnover

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  • Mandate: 31554
  • Added: 08 Nov 2017
  • AFS
  • 607

Plumbing business with an excellent reputation located in the beautiful Midlands of Kwa Zulu Natal.

KwaZulu-Natal, KwaZulu-Natal Midlands
607
Mandate 31554
Added 08 Nov 2017
R 695,000* ZAR
Stock: R 5,000
Assets: R 192,750
R 22,200 ZAR
John Londal
Aldes Accolade
KwaZulu-Natal
KwaZulu-Natal
Summary

Plumbing services to domestic and commercial properties as well as full installation of plumbing in new homes.

Plumbing business with an excellent reputation located in the beautiful Midlands of Kwa Zulu Natal.
SELLING PRICE AFS
R 695,000* ZAR
Stock: R5,000
Assets: R192,750
R 22,200 ZAR
Summary

Plumbing services to domestic and commercial properties as well as full installation of plumbing in new homes.

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Fully describe the business's activities?
Plumbing services including full plumbing installation to houses and offices.

How long has the business been established?
25 years

How long has the owner had the business?
12,5 years

How does the business operate on a daily basis?
The Owner allocates jobs to employees who go out to site to carry out repairs/installation. The Owner does all quotes, orders materials for jobs and invoices when job is complete.

How are the clients attracted to the business?
Word of mouth and reputation.

What Advertising/Marketing is carried out?
Pietermaritzburg phone book and yellow pages plus local directory.

Does the business have any contract work?
No.

What competition exists?
There are two main competitors in the area

What are the seasonal trends?
There are no seasonal trends

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All VAT documentation is on file and available to qualified buyers

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

What Balance Sheet and Income Statements are available?
Annual Financial Statements to end February 2017. The figures in the financial report have been extracted from the 2017 AFS and adjusted for the Owners drawing and non-cash expenses.

What percentage of the business is cash/credit?
About 10% of turnover is on credit

What is the age analysis of the debtors book?
30 days

How could the profitability of the business be improved?
Advertise on social media platforms. Employ a plumber.

Is Seller finance available and for what amount?
No.

What is the total staff complement?
5

Give a breakdown of staff/ functions/ length of service?
Site manager/Supervisor/Driver - 13 years. Plumber - 13 years. Plumber/Builder - 9 years. Plumber/ General - 6 years. Plumber - 5 years.

Do any receive special perks or incentives?
Yes

Are they on contract?
No

Do any have management potential?
Yes

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

When does the current lease end?
The Owner operates his business from home so there isn't a lease.

What are the trading hours?
07:30 - 16:00hrs

Do you require a licence?
No

What are the main assets of the business?
Motor vehicles, step ladders, grinders and drills

Are any items not included in the sale?
No

What is their overall condition?
Good, except for an old vehicle

Do any require repairing?
No

How have they been valued ?
By the Owner

Which assets are on lease/HP and with whom?
Nissan NP200 with Wesbank

What are their settlement amounts?
R97159.60 on 25 October 2017.

Will Seller settle or Buyer to take over?
Seller to settle

Are copies of agreements available?
Yes, to qualified buyers.

Are they presently insured?
Yes

Strengths?
Long established business with excellent reputation. Long serving skilled staff.

Weaknesses?
The Owner is 100% involved in the business including all administration functions

Opportunities?
To grow the business through social media platforms. Employ a plumber.

Threats?
New plumbers entering the market.

What is the reason for the sale?
Owner wishes to retire and spend part of the year overseas.

Why is this a good business?
This business has been in operation for 25 years, the last 12.5 years of which have been in the hands of the current owner. It is a well established profitable plumbing business with an excellent reputation, regular customers and skilled staff. YOU DO NOT HAVE TO BE A QUALIFIED PLUMBER TO OWN THIS BUSINESS.

What is the price plus stock and the net profit?
Price is R690,000 plus stock of R5,000 = Total price R695,000. Profit R266,401.

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FRANCHISE DETAILS

Aldes Accolade

1 members
10 active mandates
KwaZulu-Natal
15 St Michaels Road, Winterskloof
3245

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