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 mainly in the Pretoria East areas. Their passion is to deliver quality electrical works and brilliant service to clients. The company provides handyman services such as plumbing, automations, welding works, building works and renovations. By using sub-contractors the job get done quickly.
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, schedule and plan attendances accordingly. Employees are collected every morning and proceed to sites and clientâs premises. Daily planning and operations are managed by the owner. The client base has been growing tremendously. The business adds new clients on a daily basis because of quality service. 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 their clients.
How are the clients attracted to the business?
Good, friendly and reliable service are provided. Work is always neat and clean. Employees put the clients first.
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 they do maintenance. Yes contract work is done.
What competition exists?
Other electrical and plumbing services in target areas.
What are the seasonal trends?
Mostly concurrent with exception in June (low season) and December (high season).
How did the Covid-19 pandemic impact the business turnover / daily operations?
No effect . The business was In full operation during the Covid 19 periods.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Protocols has been implemented and ad hear to by staff when working at clients.
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?
February 2020 Financial statements
What percentage of the business is cash/credit?
Some cash , EFT and progress payment where applicable
What is the age analysis of the debtors book?
The business seldom has clients with 30 days outstanding account. 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. Making use of more reliable sub-contractors when needed , will help with work load, turnover and profit margins. Lots of scope for growth.
Is Seller finance available and for what amount?
What is the total staff complement?
One electrician (owner) with 3 specialized staff. Using temporary people when needed. Using sub contractors as and when needed.
Give a breakdown of staff/ functions/ length of service?
Two Skilled workers and one Semi skilled with more than 2 year service at the company.
Do any receive special perks or incentives?
After hours (after 18h00) they receive food if they are still working.They are getting applicable wages in accordance to their skills and time worked .
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
The owner is involved on a daily basis.
Any special arrangements for the staff related to the Covid-19 pandemic?
They are following the applicable protocols.
When does the current lease end?
This is a work from home opportunity and the next owner would have to relocate on own their discretion.
Do you require a licence?
A Licence is needed for doing electrical installations.
What are the main assets of the business?
Tools required to conduct the services vary from electrical equipment , tools building equipment and ect..
Are any items not included in the sale?
What is their overall condition?
Good working condition
Do any require repairing?
Yes, normal maintenance is done on a on going bases.
How have they been valued ?
Market related prices
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 a 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 time needs to be spend wise. Systems need to be implemented to strengthen infrastructure.
Opportunities to sign pre-paid meter contracts to be explore. By expanding the business and appointing another team and making more use of sub contractors 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 type of services provided will always be needed in society. Client relations and satisfaction are the business' top priority along with providing excellent work. Much of growing potential making it a good business to invest in.
What is the price plus stock and the profit?
R 1 663 200 all inclusive
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