Sectors / Category

Annual turnover

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  • Mandate: 32684
  • Added: 10 Jan 2019
  • AFS
  • 90

Plumbing and gas - Installations and maintenance

KwaZulu-Natal, KwaZulu-Natal Midlands
90
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.

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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

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FRANCHISE DETAILS

Aldes Accolade

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

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