Fully describe the business's activities?
Domestic, Commercial & Industrial 24/7 Electrician services conducting any electrical works (COCâs, DBâs etc), plumbing works, renovations, welding works, handyman works (industrial & commercial), pool pumps, kitchens, cupboards. The company operates the majority in the Pretoria East areas. The business was a dream of the owner which became reality. Living his passion of electrical works and brilliant service to clients. The business quickly grew into a successful fast paced one man business. Clients started requesting different services and the company started providing handyman services such as plumbing, automations, welding works, building works and renovations.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
The business receives calls from clients and book and plan attendances accordingly. Employees are collected every morning and proceed to sites and clientâs premises. Day operates on ownerâs discretion and planning. The client base has been growing tremendously. The business adds an average of one new client on a daily basis. In the last six months the business has reached a client base of over 100 new clients. The business has clients from all over Pretoria, Johannesburg and as far as Bela Bela. It prides itself in delivering fast, but proper services to our clients.
How are the clients attracted to the business?
Good, friendly and reliable service are provided. Work is always neat and clean. Employees can speak Afrikaans as well.
What Advertising/Marketing is carried out?
Social Media advertising (Facebook) Business cards Signage on vehicle Word of mouth
Does the business have any contract work?
Loyal customers for which we do maintenance. No written and signed contracts yet, but can be obtained if necessary.
What competition exists?
Other electrical and plumbing services per areas.
What are the seasonal trends?
Mostly concurrent with exception in June (low season) and December (high season).
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
Upon request from the Accountant
What Balance Sheet and Income Statements are available?
2019, 2018, 2017,2016 Financial statements
What percentage of the business is cash/credit?
What is the age analysis of the debtors book?
The business seldom has clients reach 30 days outstanding. Small to no debtorâs book.
How could the profitability of the business be improved?
The business is very busy and mostly consumes its employee capacity. More employees would benefit in business growth.
Is Seller finance available and for what amount?
What is the total staff complement?
One electrician (owner) with 3 specialised labourers.
Give a breakdown of staff/ functions/ length of service?
1. Lucas â Skilled. 1 year 2. Johannes â Semi-Skilled. 6 months 3. Simon â Skilled. 1 year
Do any receive special perks or incentives?
All the employees are collected and dropped off. After hours (after 18h00) they receive food if they are still working. They get paid daily wages in accordance to their skills each Friday.
Are they on contract?
On a verbal contract with owner.
Do any have management potential?
How involved is the Owner in running the business?
The owner is very involved.
When does the current lease end?
This is a work from home opportunity and the next owner would have to relocate on own discretion.
What are the main assets of the business?
Tools required to conduct the services.
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
Some do, yes
How have they been valued ?
Market related prices for new purchases
Which assets are on lease/HP and with whom?
Are they presently insured?
The business satisfies its clients in a fast and professional manner, delivering great service. Their friendly interaction with the clients help keep relationships on good levels and help gain clientâs trust, which is an important aspect of business. They take care of their employees and the employees assist efficiently in the day-to-day business.
Time management â the business is growing and there is not enough time with a one person team.
Opportunities to sign pre-paid meter contracts with 2 companies. By expanding the business and appointing another team this business will flourish.
Other business in the same field.
What is the reason for the sale?
The owner is immigrating
Why is this a good business?
This is a good business as the services provided will always be needed in society. Client relations and satisfaction are the business' top priority along with providing excellent work
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Annual Turnover Amount between R 500 thousand and R 6 million