Sectors / Category

Annual turnover

|
  • Mandate: 33687
  • Added: 23 Jun 2021
  • AFS
  • 854

Well Established Paving and Construction Business

Western Cape, Helderberg & Winelands
854
Mandate 33687
Added 23 Jun 2021
R 750,000* ZAR
Stock: R 20,000
Assets: R 300,000
R 26,864 ZAR
Chris Ferguson
(PRINCIPAL)
Aldes Infinity
Gauteng, Midrand
Gauteng, Midrand
Summary

SELLING PRICE AFS
R 750,000* ZAR
Stock: R20,000
Assets: R300,000
R 26,864 ZAR
Summary

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
The business is a paving contractor specialising in paving for residential, commercial, and industrial clients. The business has been operational since 1983, serving its customer base for more than 38 years from the business premises in the Northern suburbs of Cape Town. The business also undertakes lite construction work that relates to the main business of paving and always ensures quality workmanship. The business would suit a young and energetic buyer. The company has downscaled due to the aging partners, there is however much growth potential and lots of business opportunities. A likeminded buyer would have a solid platform to work from. The business among many others has experienced tough times, taken the odd knock but has always bounced back, it is now idling waiting for that new enterprising motivated new owner. The old guard would be available to assist with the mechanics of the business as they would be rewarded with the business being a continuous success with its new owner. The business has been built on a reputation of being an effective paving installer with a base of many satisfied customers. Much of the business comes about through referrals as doing things the correct way pays dividends. One can also adopt an aggressive marketing approach in order to grow to the size desired. If you like the outdoor creativity type of business and are an energetic go getter like we once were there is no limit to what you can achieve. Management is up front and transparent anything you need to know they will happily advise on.

How long has the business been established?
36 years

How long has the owner had the business?
36 years

How are the clients attracted to the business?
Word of Mouth, Google, establised clients and referals

What Advertising/Marketing is carried out?
Website and Yellow pages adds

Does the business have any contract work?
From Time to Time

What competition exists?
Other Paving Companies

What are the seasonal trends?
Winter and rain season is less busy

Is the business VAT Registered?
YES

What VAT documentation is on file?
VAT registration certificates and historic VAT submissions

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

What Balance Sheet and Income Statements are available?
2019 TAX YEAR

What percentage of the business is cash/credit?
100% CASH

How could the profitability of the business be improved?
Increase in Marketing and selecting the correct projects to take on

What is the total staff complement?
17

Give a breakdown of staff/ functions/ length of service?
2 Site managers 12 Pavers 1 Office manager

Do any receive special perks or incentives?
Site Managers 100% Life Insurance and 50% cell phone contract Office manager 50% medical insurance

Do any have management potential?
YES

How involved is the Owner in running the business?
Both owners involved

When does the current lease end?
Business owners own the premises

Is there an option of renewal & what period?
YES

What is the annual escalation %?
6%

What is the square meters of the business?
ERF 600sqm Floor 130sqm

What lease deposit and/or other surety is required?
2 months

What are the main assets of the business?
Vehicles, office eqiupment, tools

Are any items not included in the sale?
Building premises

What is their overall condition?
Good working condition

Which assets are on lease/HP and with whom?
Copier machine

What are their settlement amounts?
TBC

Are copies of agreements available?
YES

Are they presently insured?
YES

Strengths?
36 Years established and very well known in the market

Weaknesses?
Marketing

Opportunities?
Sourcing commercial projects and increase marketing spend

Threats?
Weather, competion and the economy

What is the reason for the sale?
Partners are ready to retire

Why is this a good business?
Its survived 36 years of topsy turvy economy and has always practised sincere workmanship

What is the price plus stock and the profit?
R750,000 INCL STOCK Profit R322,000

Other listings by Chris
R 2.43MZAR
Franchise
Added : 6 Oct 2020 624
Yearly profit: R1,055,333
Gauteng
R 9.00MZAR
Added : 11 Feb 2020 1286
Yearly profit: R3,866,230
Gauteng
AGENCY DETAILS

Aldes Infinity

1 members
3 mandates
Gauteng , Midrand
No 10 MT Boreas Midlands Office Park Midstream 1692
Midrand

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 750KZAR
Added : 21 Oct 2021 44
Yearly profit: R368,521
Gauteng
N$ 1.10MNAD
Added : 6 Oct 2021 122
Yearly profit: N$1,979,729
Windhoek & Central
R 800KZAR
Added : 5 Aug 2021 327
Yearly profit: R243,425
Western Cape
Sold
Added : 3 Aug 2021 1249
Profit*: R191,429 *(5 months)
Gauteng
Sold
Added : 26 Jul 2021 752
Yearly profit: R427,955
Gauteng
R 380KZAR
Added : 20 Jul 2021 262
Yearly profit: R18,731
Western Cape
R 1.05MZAR
Franchise
Added : 14 Jun 2021 897
Yearly profit: R602,973
KwaZulu-Natal
R 450KZAR
Franchise
Added : 21 May 2021 664
Yearly profit: R34,036
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 750KZAR
Added : 21 Oct 2021 44
Yearly profit: R368,521
Gauteng
R 350KZAR
Franchise
Added : 20 Oct 2021 36
Yearly profit: R63,222
Gauteng
R 2.08MZAR
Added : 17 Sep 2021 392
Yearly profit: R1,001,895
Gauteng
R 1.85MZAR
Added : 31 Aug 2021 711
Yearly profit: R1,182,708
Gauteng
R 1.40MZAR
Added : 30 Aug 2021 453
Yearly profit: R897,244
Gauteng
R 1.01MZAR
Added : 30 Aug 2021 686
Yearly profit: R576,923
Gauteng
R 2.00MZAR
Added : 20 Aug 2021 616
Yearly profit: R808,533
Gauteng
R 1.80MZAR
Added : 18 Aug 2021 437
Yearly profit: R380,244
Gauteng