Sectors / Category

Annual turnover

|
  • Mandate: 33988
  • Added: 19 Mar 2020
  • AFS
  • 408

Repairs to all kitchen appliances and sales of spares

Western Cape, Cape Town
408
Mandate 33988
Added 19 Mar 2020
R 750,000* ZAR
Stock: R 350,000
Assets: R 5,000
R 32,465 ZAR
Geoff Hatt
Aldes Atlantic
Western Cape, Cape Town
Western Cape, Cape Town
Summary

Repairs of Fridges, Stoves, Ovens, Tumble dryers, Washing machines and Dish washers. Also selling spares to the public

Repairs to all kitchen appliances and sales of spares
SELLING PRICE AFS
R 750,000* ZAR
Stock: R350,000
Assets: R5,000
R 32,465 ZAR
Summary

Repairs of Fridges, Stoves, Ovens, Tumble dryers, Washing machines and Dish washers. Also selling spares to the public

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

Fully describe the business's activities?
The business is involved in the repair and servicing of Fridges, Stoves, Ovens, Tumble dryers, Washing machines, and Dish washers as well as the sale of spares for all these appliances. Machines are either delivered to them or they collect.

How long has the business been established?
35 years

How long has the owner had the business?
Since inception

How does the business operate on a daily basis?
Custmers phone them to collect an appliance that is faulty or the appliance is delivered to the business. This is then repaired , returned or collected and payment received. The owner has built up a large amount of spares and repairs are performed using this stock or they buy in new repair parts.

How are the clients attracted to the business?
Advertising and by word of mouth.

What Advertising/Marketing is carried out?
Advertising in the media, news papers and on social media as well as on bill boards.

Does the business have any contract work?
No

What competition exists?
Competition exists but this business is so well established over 35 years that they have clientale that continuously return to them due mainly to the excellent service they receive. New clients are added on a daily basis.

What are the seasonal trends?
In summer, work on fridges increases while in winter it is tumble dryers. Otherwise it is fairly even business throughout the year.

Is the business VAT Registered?
No

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

What Balance Sheet and Income Statements are available?
On file

What percentage of the business is cash/credit?
100% Cash - no debtors

How could the profitability of the business be improved?
There is so much scope that by more aggresive marketing the volume of business could be trebled.

Is Seller finance available and for what amount?
No

What is the total staff complement?
3 excluding the owner

Give a breakdown of staff/ functions/ length of service?
Gladys, the cleaning lady for 8 years - twice per week. 2 x Workers who do the repairs and servicing

Do any receive special perks or incentives?
No

Are they on contract?
Permanently employed

Do any have management potential?
No

How involved is the Owner in running the business?
100% involved .

When does the current lease end?
Ongoing

Is there an option of renewal & what period?
The lease is renewed annually

What is the annual escalation %?
10%

What are the trading hours?
Monday to Friday : 8am to 5pm Saturday : 9am to 1pm

What is the square meters of the business?
+- 50 M2

Is a copy of the lease available?
Yes

Do you require a licence?
Yes

What lease deposit and/or other surety is required?
None

What are the main assets of the business?
The assets are the tools required to repair and service appliances.

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 ?
Fair market value

Which assets are on lease/HP and with whom?
None

Are they presently insured?
No

Strengths?
The 35 years that this business has been in the market resulting in them building up a large client base. Excellent service has ensured that clients always return to them and remain loyal. A large stock of spare parts has been built up by stripping old machines resulting in their Cost of Sales being extremely low. Loyal staff

Weaknesses?
There are no perceived weaknesses excepting that the owner is getting old and slowing down .

Opportunities?
A young motivated person will be able to triple the turnover by actively marketing the business.

Threats?
None perceived.

What is the reason for the sale?
The owner wishes to retire.

Why is this a good business?
Because it has rendered excellent service to its clients over 35 years, the client base has steadily increased and is now at a point where these clients can sustain the business at the current level. By going out and seeking new business a new owner will be in a position to increase turnover and profitability significantly.

What is the price plus stock and the profit?
Selling price : R 750 000 including stock Stock : R 350 000 Average monthly net Profit : R 32 460

Other listings by Geoff
R 1.60MZAR
Added : 23 Mar 2020 568
Yearly profit: R666,960
Western Cape
R 2.30MZAR
Added : 23 Mar 2020 581
Yearly profit: R821,187
Western Cape
FRANCHISE DETAILS

Aldes Atlantic

4 members
13 active mandates
Western Cape , Cape Town
13 Imperial Bank Terraces Tyger Waterfont
Cape Town
7441

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

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 500KZAR
Franchise
Added : 11 Sep 2020 91
Yearly profit: R222,913
North West
R 650KZAR
Added : 30 Jul 2020 315
Yearly profit: R449,117
KwaZulu-Natal
R 675KZAR
Added : 20 Jul 2020 293
Yearly profit: R233,889
Gauteng
R 1.10MZAR
Added : 23 Jun 2020 930
Yearly profit: R1,228,248
North West
R 649KZAR
Added : 5 Jun 2020 482
Yearly profit: R407,676
Gauteng
R 800KZAR
Added : 23 Mar 2020 572
Yearly profit: R466,431
KwaZulu-Natal
R 720KZAR
Added : 17 Mar 2020 712
Yearly profit: R351,927
KwaZulu-Natal
R 1.10MZAR
Added : 9 Mar 2020 693
Yearly profit: R566,661
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 570KZAR
Added : 22 Sep 2020 93
Yearly profit: R218,713
Gauteng
R 1.68MZAR
Added : 22 Sep 2020 179
Yearly profit: R744,072
Gauteng
R 550KZAR
Added : 16 Sep 2020 1585
Yearly profit: R367,337
Gauteng
R 1.12MZAR
Added : 16 Sep 2020 388
Yearly profit: R491,100
Gauteng
R 510KZAR
Added : 14 Sep 2020 326
Yearly profit: R196,085
Gauteng
R 1.45MZAR
Franchise
Added : 14 Sep 2020 1011
Profit*: R459,462 *(7 months)
Gauteng
R 160KZAR
Added : 4 Sep 2020 381
Yearly profit: R227,051
Gauteng
R 720KZAR
Added : 1 Sep 2020 209
Yearly profit: R304,974
Gauteng