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  • Mandate: 34756
  • Added: 22 Jul 2021
  • AFS
  • 228

Plumbing business in the Eastern Cape

Eastern Cape, East London
228
Mandate 34756
Added 22 Jul 2021
R 3,260,000* ZAR
Stock: R 10,000
Assets: R 1,000,000
R 82,258 ZAR
Andre Botha
(PRINCIPAL)
Aldes Pro
Gauteng
Summary

An extremely professional, well staffed, with great assets and several field teams, Plumbing business for sale in the Eastern Cape. Established since 1980 and operating in East London since 1994.

Plumbing business in the Eastern Cape
SELLING PRICE AFS
R 3,260,000* ZAR
Stock: R10,000
Assets: R1,000,000
R 82,258 ZAR
Summary

An extremely professional, well staffed, with great assets and several field teams, Plumbing business for sale in the Eastern Cape. Established since 1980 and operating in East London since 1994.

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Fully describe the business's activities?
From the late 1980 this Plumbing business established itself as one of the leading household and Industrial plumbing Companies. It established a staff contingency of over 30 staff. The firm was divided into two sections; i.e. Maintenance and Commercial plumbing as well as Construction plumbing. The scope of works between the two sections included- Household calls for maintenance plumbing New bathroom re-vamps Blocked drains with electro-mechanical machine cleaning New and replacement geyser installations. Service Stations Town House Complexes ( i.e. plumbing and civils complete for 156 individual units) Mini Factories New house plumbing

How long has the business been established?
1980 in JHB and since 1994 in the Eastern Cape

How long has the owner had the business?
1980

How does the business operate on a daily basis?
To the present day the company operates in the East London and surrounding areas as one of the most reputable plumbing companies. Clients know the business for the professional service delivered , the quality plumbing solutions offered and the exceptional workmanship delivered on each and every job from our knowledgeable and efficient teams. Our neat approach to our work means that projects are completed without hinderance to our clients; we take this very seriously. We are often commended by clients for the friendly and client-centric approach of our team members. Our teams are selected based on a blend of experience. Skill sets and track record, passion for plumbing and the ability to engage with clients. By doing this we offer a proven process of excellence which will continue to achieve future growth by word of mouth and referrals.

Does the business have any contract work?
We focus on the maintenance industry and specifically Insurance work. We are on the Fogi panel, which is a middle man company between the banks and the plumbers where we mangage burst geyser claims, leak detection , blocked drains etc.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All up to date

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

What Balance Sheet and Income Statements are available?
2020 February

What is the total staff complement?
14

Give a breakdown of staff/ functions/ length of service?
Each of the qualified plumbers respectively have 3, 6 and 9 Years service.

Are they on contract?
Permanent staff agreements

Do any have management potential?
Each staff member is registered with the Plumbing Industry Registration Board (PIRB). Our qualified plumbing staff can offer to issue a plumbing compliant certificate on the work completed. These certificates are monitored by the PIRB , where auditors are sent out to check 5% of CoC's issued by the plumber.

How involved is the Owner in running the business?
The owner is involved on a daily basis, but have 4 field teams, plus his own team. Three of the teams each consist of a qualified Plumber

When does the current lease end?
Premises belongs to the seller. Negotiations around the lease/ purchase of property will take place at time of meeting with the seller.

What lease deposit and/or other surety is required?
TBA

What are the main assets of the business?
Mainly vehicles and tools which are used on a daily basis to service clients

Are any items not included in the sale?
All are included except for the sellers Fortuner

What is their overall condition?
Very good

Which assets are on lease/HP and with whom?
TBA

Are they presently insured?
Yes

Strengths?
Very solid good profesional outfit Long established good team good assets

Opportunities?
Lots of expansion opportunities

What is the reason for the sale?
The seller will be retiring after the sale.

Why is this a good business?
A full profile of this extremely professional business is available to qualified buyers.

What is the price plus stock and the profit?
R3.250m

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AGENCY DETAILS

Aldes Pro

3 members
26 mandates
Gauteng
Malcolm Road
0000

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