Sectors / Category

Annual turnover

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  • Mandate: 32689
  • Added: 18 Jan 2019
  • AFS
  • 659

Wilcote is a well established Roofing, Waterproofing and Damp proofing Franchise

KwaZulu-Natal, KwaZulu-Natal Midlands
659
Mandate 32689
Added 18 Jan 2019
R 1,200,000* ZAR
Stock: R 82,000
Assets: R 796,759
R 36,646 ZAR
John Londal
Aldes Accolade
KwaZulu-Natal
KwaZulu-Natal
Summary

PRICE DRASTICALLY REDUCED • Wilcote is a well established Roofing, Waterproofing and Damp proofing Franchise. • Servicing Commercial, Industrial, Residential and Agricultural Building Maintenance specialising in Roofing, Waterproofing and Painting. The brand has been in existence for 31 years and the current Owner has had the KZN Midlands franchise for 8 years.

SELLING PRICE AFS
R 1,200,000* ZAR
Stock: R82,000
Assets: R796,759
R 36,646 ZAR
Summary

PRICE DRASTICALLY REDUCED • Wilcote is a well established Roofing, Waterproofing and Damp proofing Franchise. • Servicing Commercial, Industrial, Residential and Agricultural Building Maintenance specialising in Roofing, Waterproofing and Painting. The brand has been in existence for 31 years and the current Owner has had the KZN Midlands franchise for 8 years.

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Fully describe the business's activities?
Roof restoration, waterproofing, damproofing and roof painting on residential and commercial buildings

How long has the business been established?
31 years

How long has the owner had the business?
8 years

How does the business operate on a daily basis?
The business is operated from the Owner's home. Request for quotes received via phone or cold calling. When quote accepted, dates for work are allocated. Materials ordered. Invoicing and accounts prepared in-house.

How are the clients attracted to the business?
Web site, Face book page, sign boards and word of mouth.

What Advertising/Marketing is carried out?
Website, facebook, yellow pages word of mouth

Does the business have any contract work?
No contracts but on the list of approved service providers of corporate businesses

What competition exists?
There are small private businesses that provide a similar service

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All VAT documentation is on file

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

What Balance Sheet and Income Statements are available?
The Annual Financial Statements for end February 2018 from which the figures in this report have been extracted and adjusted for the Owners personal drawings and non-cash expenses.

What percentage of the business is cash/credit?
70% before work commences and 30% on completion.

How could the profitability of the business be improved?
More marketing.

Is Seller finance available and for what amount?
No

What is the total staff complement?
16

Give a breakdown of staff/ functions/ length of service?
1x Supervisor 4.5yrs. 4x Painters 8mths to 3.5yrs. 4x Roofer & waterproofer 7mths to 5yrs. 1x Waterproofer & tiler 1yr. 3x Waterproofer 6mths to 3.5 yrs. 1x Bricklayer, plasterer, roofer & waterproofer 6mths. 2x General labourer 7 & 9 mths.

Do any receive special perks or incentives?
No

Are they on contract?
Yes

Do any have management potential?
Yes

How involved is the Owner in running the business?
Owner is fully involved in business

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

Do you require a licence?
No

What are the main assets of the business?
Motor vehicle, electrical tools (drills, grinders extensions),spray machine high pressure cleaners, generator

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?
Motor vehicle

Will Seller settle or Buyer to take over?
The Seller will settle.

Are copies of agreements available?
Yes

Are they presently insured?
Yes

Strengths?
Well established business. Excellent reputation. Guaranteed workmanship.

Weaknesses?
Insufficient advertising, marketing and promotions.

Opportunities?
Grow the business with the support of the Franchisor.

Threats?
Small operators

What is the reason for the sale?
Ill health in the family.

Why is this a good business?
Wilcote is a well established brand started by the Franchisor 31 years ago. In-house training and training by Franchisor is free for the Buyer.

What is the price plus stock and the net profit?
Price is R1,118,000 plus stock R82,000 = R1,200,000. Net profit R439,754.

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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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