Sectors / Category

Annual turnover

|
  • Mandate: 32684
  • Added: 10 Jan 2019
  • AFS
  • 282

Plumbing and gas - Installations and maintenance

KwaZulu-Natal, KwaZulu-Natal Midlands
282
Mandate 32684
Added 10 Jan 2019
R 565,000* ZAR
Stock: R 12,000
Assets: R 119,501
R 37,919 ZAR
John Londal
Aldes Accolade
KwaZulu-Natal
KwaZulu-Natal
Summary

A well established plumbing business with an excellent reputation located in the growing KZN Midlands. There is a brilliant opportunity to grow the business by more Owner involvement.

SELLING PRICE AFS
R 565,000* ZAR
Stock: R12,000
Assets: R119,501
R 37,919 ZAR
Summary

A well established plumbing business with an excellent reputation located in the growing KZN Midlands. There is a brilliant opportunity to grow the business by more Owner involvement.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
The business is predominantly a maintenance company undertaking all plumbing requirements including installations and maintenance of geysers, Jo-Jo tanks and heat pumps. The business is geared towards utilising "green" plumbing techniques to save water and reduce energy consumption.

How long has the business been established?
The business was established 39 years ago.

How long has the owner had the business?
The current owner who is the son-in-law of the original owner took over the business 10 years ago.

How does the business operate on a daily basis?
The Owner allocates jobs to each of employees, orders stock, checks invoicing and customer survey index.

How are the clients attracted to the business?
Word of mouth, web site, e-mail shots and local print advertising

What Advertising/Marketing is carried out?
Local newspaper and social media.

Does the business have any contract work?
No

What competition exists?
There are a few "one-man-operators" in the area, but none can supply the complete service compared to this business.

Is the business VAT Registered?
No

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

What Balance Sheet and Income Statements are available?
The Annual Financial Statements for year ended February 2018 from which the figures in this report have been extracted and adjusted for directors remuneration/expenses and non-cash expenses.

What percentage of the business is cash/credit?
Standard terms are 7 working days.

How could the profitability of the business be improved?
More Owner involvement and employ a second team.

Is Seller finance available and for what amount?
No

What is the total staff complement?
4

Give a breakdown of staff/ functions/ length of service?
1x Supervisor/driver 1x Plumber 1x Assistant plumber 1x acoounts/admin

Do any receive special perks or incentives?
Yes

Do any have management potential?
Yes

How involved is the Owner in running the business?
The Owner is only involved in overall management but not day-to-day on site

When does the current lease end?
There is no lease as the Owner operates from home.

What are the trading hours?
Mondays to Fridays 7:30hrs to 16.30hrs

What are the main assets of the business?
Motor vehicle and power tools.

Are any items not included in the sale?
No

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
By the Owner

Which assets are on lease/HP and with whom?
None

Are they presently insured?
Yes

Strengths?
Business established 39 years ago. Skilled staff. Excellent reputation. Practices green plumbing techniques to save water and energy.

Weaknesses?
With only one team the business is always under pressure to meet deadlines.

Opportunities?
Take on contract work. Employ a second team.

Threats?
Other small plumbing businesses.

What is the reason for the sale?
The Owner has other business interests and is unable to devote sufficient time to the plumbing business.

Why is this a good business?
This is a well established business and has an excellent reputation.

What is the price plus stock and the net profit?
Price R553,000 + stock R12,000 = R565,000. Annual Profit R455,028

Other listings by John
R 1.70MZAR
Franchise
Added : 18 Jan 2019 360
Yearly profit : R935,993
KwaZulu-Natal
R 7.52MZAR
Added : 3 Dec 2018 335
Yearly profit : R138,406
KwaZulu-Natal
R 265KZAR
Franchise
Added : 8 Aug 2018 688
Yearly profit : R144,806
Gauteng
FRANCHISE DETAILS

Aldes Accolade

2 members
22 active mandates
KwaZulu-Natal
15 St Michaels Road, Winterskloof
3245

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 550KZAR
Franchise
Added : 18 Mar 2019 86
Yearly profit : R-268,151
Gauteng
R 690KZAR
Added : 11 Mar 2019 114
Yearly profit : R249,443
Gauteng
R 780KZAR
Added : 14 Feb 2019 162
Yearly profit : R523,380
Western Cape
R 540KZAR
Added : 12 Feb 2019 220
Yearly profit : R260,129
KwaZulu-Natal
R 795KZAR
Added : 11 Feb 2019 144
Yearly profit : R709,597
Western Cape
R 710KZAR
Added : 10 Feb 2019 246
Yearly profit : R325,439
KwaZulu-Natal
R 785KZAR
Added : 27 Dec 2018 340
Yearly profit : R248,221
Western Cape
R 650KZAR
Added : 3 Dec 2018 344
Yearly profit : R219,172
Western Cape

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.00MZAR
Added : 20 Mar 2019 20
Yearly profit : R314,668
Gauteng
R 1.90MZAR
Added : 19 Mar 2019 35
Yearly profit : R618,151
Gauteng
R 1.50MZAR
Franchise
Added : 19 Mar 2019 38
Yearly profit : R561,670
Gauteng
R 550KZAR
Franchise
Added : 18 Mar 2019 86
Yearly profit : R-268,151
Gauteng
R 600KZAR
Added : 12 Mar 2019 127
Yearly profit : R407,160
Gauteng
R 690KZAR
Added : 11 Mar 2019 114
Yearly profit : R249,443
Gauteng
R 550KZAR
Added : 6 Mar 2019 198
Yearly profit : R291,988
Gauteng
R 1.70MZAR
Franchise
Added : 5 Mar 2019 225
Yearly profit : R452,093
Gauteng