Fully describe the business's activities?
The business offers domestic and commercial plumbing services, maintenance, drainage, solar systems, rain water tanks and domestic gas installations.
How long has the business been established?
The business was established in 2015
How long has the owner had the business?
How does the business operate on a daily basis?
Daily operations include responding to call outs, preparation of quotes, placing orders for the materials required to complete the jobs, overseeing the jobs and invoicing.
How are the clients attracted to the business?
Punctuality, reliable service, good quality workmanship and friendly service.
What Advertising/Marketing is carried out?
The only advertising/marketing done is through advertising their services on social media and by word of mouth.
Does the business have any contract work?
No contract work
What competition exists?
There are various other plumbing and gas installation services in the area, but they have established in a short period of time based on their reputation for good workmanship and reliable service.
What are the seasonal trends?
They have more plumbing jobs in summer and gas installations and maintenance in winter.
Is the business VAT Registered?
What VAT documentation is on file?
VAT returns are available on request.
Are there up-to-date Management Accounts available?
Up-to-date Management Accounts are on file and available on request.
What Balance Sheet and Income Statements are available?
Annual Financial Statements are available.
What percentage of the business is cash/credit?
20 - 50% deposit upfront with balance paid on completion of the job.
How could the profitability of the business be improved?
Turnover can be improved by acquiring another vehicle and employing another team. Profitability can be improved by better management of purchases and expenses.
Is Seller finance available and for what amount?
The seller is looking for a cash transaction.
What is the total staff complement?
2 full-time employees plus the owner
Give a breakdown of staff/ functions/ length of service?
1 x general plumber. Fully trained in plumbing and gas installations/maintenance. 4 years experience. 1 x General assistant / labourer. 18 months experience.
Do any receive special perks or incentives?
Travel allowances Pension funds Annual bonus and increase
Are they on contract?
Do any have management potential?
The plumber can be trained to manage the day-to-day running of the business.
How involved is the Owner in running the business?
The owner is 100% involved in running the business.
When does the current lease end?
The owner currently operates the business from his office at home. Equipment / tools are stored in the garage.
What are the trading hours?
08:00 - 17:00 Monday to Friday A/H standby
Do you require a licence?
â¢ Part of the business involves signing off on compliance certificates by a qualified plumber when a property is sold, etc. However, one can outsource a qualified plumber to sign off the necessary documents; â¢ If an owner is not qualified himself, he could employ a qualified plumber fulltime; â¢ Gas installations are also regulated and require a qualified gas practioner.
What are the main assets of the business?
Trailer Power tools Hand tools Magnetic signage for vehicle
Are any items not included in the sale?
The vehicle is not included in the sale, but is available to be purchased as a private sale.
What is their overall condition?
All assets are in good condition.
How have they been valued ?
Estimated fair second hand value.
Are they presently insured?
All assets are fully insured.
Good reputation Profitable with good cash flow Employees are reliable and well trained Solid client base
One vehicle and team only Time management
Expand by employing a second team Obtaining a commercial gas licence will be of benefit to the business
The business operates in a competitive market. Service is everything.
What is the reason for the sale?
The owner is emigrating.
Why is this a good business?
The business has a good reputation and solid client base, is profitable and has grown year on year since it was established. It has a lot of potential for growth still.
What is the price plus stock and the net profit?
Asking price R795,000 Average NP R43,600 p.m.
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