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?
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?
Are there up-to-date Management Accounts available?
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?
What is the total staff complement?
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?
Do any have management potential?
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?
What is their overall condition?
Do any require repairing?
How have they been valued ?
By the Owner
Which assets are on lease/HP and with whom?
Are they presently insured?
Business established 39 years ago. Skilled staff. Excellent reputation. Practices green plumbing techniques to save water and energy.
With only one team the business is always under pressure to meet deadlines.
Take on contract work. Employ a second team.
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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