Sectors / Category

Annual turnover

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  • Mandate: 34028
  • Added: 11 May 2020
  • AFS
  • 175

Electrical Services and Maintenance sub contractors in George Cape

Western Cape, Garden Route
175
Mandate 34028
Added 11 May 2020
R 280,000* ZAR
Stock: R 50,000
Assets: R 50,000
R 23,244 ZAR
Noel Heath
(PRINCIPAL)
Aldes Triumph
Western Cape
Western Cape
Summary

The business operates with the Owner and a team of 9 workers doing electrical work including maintenance on a sub contractual basis in and around the George area.

SELLING PRICE AFS
R 280,000* ZAR
Stock: R50,000
Assets: R50,000
R 23,244 ZAR
Summary

The business operates with the Owner and a team of 9 workers doing electrical work including maintenance on a sub contractual basis in and around the George area.

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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?
7 Months

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?
Yes

What competition exists?
There are other similar businesses in the area

Is the business VAT Registered?
No

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?
Employees

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?
Good

Do any require repairing?
No

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?
Yes

Are they presently insured?
Yes

Strengths?
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

Weaknesses?
There is competition

Opportunities?
Focus on more maintenance projects

Threats?
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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FRANCHISE DETAILS

Aldes Triumph

1 members
26 active mandates
Western Cape
8A Loerie Street, Bergsig
6529

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