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LocationNamibia, Windhoek & Central

Sector - Sales & Services

Asking Price
N$8,140,000
Monthly Profit
N$ 275,842
Asset Value
N$ 1,995,045
Stock Value
N$ 200,000
Yearly Net Profit
N$ 3,310,098

Summary

Established, owner run business offering services and sales pertaining to cooling and refrigeration. Designing, supplying, installing and maintaining for commercial and residential clients through out Namibia.

Give me more information

Fully describe the business's activities?

Established, owner run business offering services and sales for all areas of air-conditioning and refrigeration. Designing, supplying, installing and maintaining for residential and commercial clients through out Namibia. This business supplies, installs and maintains some of the leading brands in the industry and has an extensive range of additional products.

How does the business operate on a daily basis?

Each department of the business has its own manager reporting to the owner. Administration staff send quotations and invoice jobs on completion with the guidance from the managers of that division in the business. The owner designs and quotes for large systems and tenders.
When needed the technical teams work over week-ends. Calls are received by the receptionist, who opens the job card and allocates jobs to the applicable manager. During a short meeting in the morning, technicians receive their jobs for the day.

What Advertising/Marketing is carried out?

Only by vehicle branding and an active website.

What competition exists?

There are many other HVAC and refrigeration companies that exist, however this business ranks in the top 4 since 2011.

How could the profitability of the business be improved?

Streamline management and focus on small and medium tenders instead of large tenders with smaller mark-ups. There is a scope to add an electrical and plumbing side to the business.

Give a breakdown of staff/ functions/ length of service?

6 x Admin staff – 4 female and 2 male
1 x Breakdown manager – male with 16 years experience
1 x Installation manager – male with 15 years experience
8 x Technicians – male with an average of 9 years experience
14 x General workers – 12 male and 2 female – all with at least 4 years experience

Do any have management potential?

There are three managers in place.

How involved is the Owner in running the business?

The owner is involved with the business on a daily basis.

How involved is the Owner in running the business?

The owner is involved with the business on a daily basis.

When does the current lease end?

The lease agreement ends February 2020. The owner of this business has shares in the property and is willing to lease the property out to the buyer of this business for a duration of 1 to 3 years with a rental escalation to be discussed and agreed upon by both parties.

What are the trading hours?

The trading hours of this business is from 07h30 to 17h00, Monday to Friday. The technical teams are required to work over weekends where necessary.

What are the main assets of the business?

The main assets of the business are the vehicles.

Strengths?

Well known and reputable name
Good quality products
Wide client base
Highly skilled staff
Integrity

Weaknesses?

Lack in productivity due to economic times. Reaction times for maintenance jobs can improve.

Opportunities?

There is a huge opportunity to start manufacturing air conditioning ducting. One can also offer sales and services in air conditioning for vehicles. Weaknesses can be improved upon.

Threats?

BEE requirements and the Current economic climate.

What is the reason for the sale?

The owner plans to relocate.

Location

Contact | Enquire

Ursula

Ursula Gollwitzer

LocationNamibia, Namibia

Preferred method of contact

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