Ref. No - BFS936445

LocationSouth Africa, Gauteng

Ref. No - BFS936445

Sector - Services

Asking Price
R1,025,000
Monthly Profit
R 41,758
Asset Value
R 20,509
Stock Value
R 35,000
Yearly Net Profit
R 501,090

Summary

In addition to being a reputable solar solution installer, this business also offers expert maintenance services for solar systems. Apart from their solar expertise, they excel in all-encompassing electrical installations. As an owner-operated venture, this business is uniquely positioned to expedite your journey towards realizing the dream of entrepreneurial independence.

Give me more information

How does the business operate on a daily basis?

The business operates from a home office, with the owner being a qualified electrician who actively engages in hands-on operations. This owner-operated model ensures personalized attention and expertise throughout the service delivery process. Upon receiving a deposit from a client, the owner efficiently schedules installations or work using a comprehensive planning roster, optimizing the week with a strategic allocation of jobs.
Known for its stellar reputation, the business provides various services:

Solar Installations and Sales:

The business excels in solar installations, encompassing both general sales and sizing. It has established relationships with major solar importers and local suppliers.

Electrical Installations and Maintenance:

The business caters to both commercial and residential clients, offering top-notch electrical installations and maintenance services (single and third phase). The hands-on approach of the owner ensures a commitment to quality and customer satisfaction.

Electrical Wiring Services:

The business undertakes projects of varying scales from comprehensive rewiring of factories and houses to smaller projects like installing gate motors. This expertise positions them as a reliable choice for clients seeking any electrical wiring services.

Qualified service provider:

The business has earned recognition from major insurance providers. This endorsement reflects their commitment to adhering to high standards and industry best practices.

Client Base:

With an extensive client base, the business currently manages more than 300 clients since going live on the new software system 2 years ago. This reflects a strong and loyal customer following, indicative of their ability to consistently meet and exceed client expectations.

Online Presence:

In addition to traditional operations, the business has embraced e-commerce with an online store. This platform, coupled with its presence on Takealot, expands its reach and accessibility, catering to a diverse range of customers.
In conclusion, this owner-operated business stands out for its hands-on approach, reputable services, and strategic industry partnerships. The combination of a robust client base, third-party relationships, and an online presence positions them as a reputable service provider in the field of solar installations and electrical services.

What Advertising/Marketing is carried out?

The owner seized with marketing activities as he is a one-man show and cannot overcommit on the amount of work he can take on.

What competition exists?

There are various other players in the market.

How could the profitability of the business be improved?

They are currently a one-man show. Employ an additional electrician to take on more work.
Make use of a freelance representative to grow solar-related sales.

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

1 x owner (electrician)
4 x part-time helpers - they have assisted the owner for more than 2 years now.

How involved is the Owner in running the business?

The owner is the electrician and the backbone of the business. This is an owner-driven operation.

When does the current lease end?

They are working from a home office. The new owner can do the same and save on lease agreements.

What are the main assets of the business?

1X Bosch baby grinder
1X Ryobi baby grinder
1X DeWalt 2.2Kw big grinder
1X Ryobi battery drill
1X Bosch battery drill
1X Black & Decker900W drill
1X SDS Makita drill
1X SDS Hilti battery drill
1X Vibro sander
2X circular saw
2X jig saw
1X welding machine
3X extension Leads
1X vacuum cleaner
1X Ryobi generator
1X pressure washer
1X box drill bits
1X 2T jack
Screws nails etc
Sds drill bits

Strengths?

300+ customer base.
Established foothold in the solar market.
Brilliant Google reviews.
A strong foundation to expand on.

Weaknesses?

Current infrastructure does not compliment growth.

Opportunities?

Lots of growth potential.
Grow online sales.
Grow solar sales.
Expand current infrastructure.

Threats?

Cheap, inferior solar imports.

What is the reason for the sale?

The owner is taking over a family business in the Western Cape and is relocating.

Why is this a good business?

With a robust foundation anchored in a sizable customer base, relationships with insurance companies, an online presence, and established partnerships with solar importers and local suppliers, this business is poised for a significant leap forward. It presents an excellent opportunity for a young, qualified electrician to expedite the realization of their entrepreneurial aspirations.
Location

Contact | Enquire

Tommie

Tommie Cronje

LocationSouth Africa, Gauteng

Preferred method of contact

Logo
Access to the number one business broking tool to get your business sold.
We've got you covered!

We offer an innovative and intuitive

solution for selling your business, franchise and premises

Promote

Promote

your business for sale

Advertise

Reach

the right audience

Gain

Gain

more exposure

Sign up for our Sellers' Portal Affordable monthly packages
Man

Knowledge Bank

Get the latest information, valuable tips and share in the professional knowledge of business experts on selling or buying a business

Buyers

What Are The Advantages Of Buying An Existing Business

What Are The Advantages Of Buying An Existing Business

10 Questions To Ask When Buying A Business

10 Questions To Ask When Buying A Business

The Transformative Power of Business Coaching: Unleashing Success and Growth

In today's competitive business landscape, entrepreneurs and professionals are constantly seeking ne

Sellers

6 Steps To Selling A Small Business In South Africa.

6 Steps To Selling A Small Business In South Africa.

10 Factors That Influence The Value Of Your Business

10 Factors That Influence The Value Of Your Business

How Long Will It Take To Sell My Business?

How Long Will It Take To Sell My Business?