Fully describe the business's activities?
Electrical projects and maintenance
How long has the business been established?
Since September 2019
How long has the owner had the business?
How does the business operate on a daily basis?
There are 9 workmen spread over the various sites undertaking contract work
How are the clients attracted to the business?
Sub contracted by building contractors
What Advertising/Marketing is carried out?
Face Book only
Does the business have any contract work?
What competition exists?
There are other similar businesses in the area
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
The Owner maintains an up to date summary of Income and Expenses
How could the profitability of the business be improved?
A recently acquired business that will show growth as it gets increased exposure
What is the total staff complement?
9 staff members in the team, many of them long serving in this industry
Are they on contract?
How involved is the Owner in running the business?
The Owner is fully operational in this business
When does the current lease end?
This business is an ideal work from home operation and only requires a garage or a Wendy house to store the equipment
What are the trading hours?
07-30 till 17-00 daily or as required
Do you require a licence?
Yes, must be a qualified electrician.
Are any items not included in the sale?
The 2 vehicles are not part of the asset base but may be negotiated separately There is a comprehensive range of tools as required
What is their overall condition?
Do any require repairing?
How have they been valued ?
Owners second hand estimate
Which assets are on lease/HP and with whom?
Only the vehicles but do not necessarily need to be taken over
Will Seller settle or Buyer to take over?
As agreed by Buyer/Seller
Are copies of agreements available?
Are they presently insured?
There are ongoing contracts available as the area is showing exponential growth compared to most other twons Maintenance offers good margins Opportunity to issue CoC etc
There is competition
Focus on more maintenance projects
There are no obvious threats to a committed and reliable operator
What is the reason for the sale?
The Seller bought the business for her son who has decided to rather relocate to Gauteng for personal reasons
Why is this a good business?
In this type of business if you deliver the service and work to a good standard, you will get incremental work and make a solid living from
What is the price plus stock and the profit?
The price is R230,000. The stock on average is around R50,000. The profit over the past 7 months has been in the region of R114,000 which has been drawn by the Owners as salaries
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