Filters
LocationSouth Africa, KwaZulu-Natal

Sector - Sales & Services

Asking Price
R2,433,020
Monthly Profit
R 94,036
Asset Value
R 500,000
Stock Value
R 256,980
Yearly Net Profit
R 1,128,432

Summary

This Locksmith is located in the heart of Northern KZN, established in the 1980's and still going strong, current owner is relocating. This is a great business opportunity that should not be missed. Staff well trained, solid client base in place supporting the business due to excellent service and quality product offerings. Business very well located in a prime spot. Currently business is owner run, but potential manager is in place. Seller owns the business building, will be available to potential buyer as an option.

Give me more information

Fully describe the business's activities?

Daily duties of a locksmith, unlocking locks, attending to call outs ASAP, the cutting of keys

How does the business operate on a daily basis?

Trading hours are from 7:30 to 16:30 Monday to Friday and Saturday 8:00 to 12:00

What Advertising/Marketing is carried out?

Local newspaper and + - 40 years word of mouth and good service

What competition exists?

No, nearest competition is 25km away.

How could the profitability of the business be improved?

The owner is currently 100% involved with this business of the day to day operations. The owner could free himself up a bit and look for more business and generate more income other than just walk in clients.

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

1x owner/manager, 16 years
1x potential manager, driver and lock/key specialist. 7 years
1x assistant
1x general worker

Do any have management potential?

Yes

How involved is the Owner in running the business?

100%

When does the current lease end?

The premises belong to the owner of the business, the lease can be negotiated. The premises is also up for sale and can be an option to buy with the business.

What are the trading hours?

7:30 to 16:30 Monday to Friday and Saturday 8:00 to 12:00

What are the main assets of the business?

Vehicles and Machinery.

Strengths?

The number of years trading, solid well known business. Business is well positioned in a prime spot on a busy road. Staff is well trained, business is well known in the area for quality products and service excellence. Product offering in demand.

Weaknesses?

Owner run at the moment

Opportunities?

Potential manager in place. Will free up more time for the owner to source new clients

Threats?

No direct threats known of.

What is the reason for the sale?

Current owner wants to relocate to Cape Town.

Location

Contact | Enquire

PG

PG Beukes

LocationSouth Africa, KwaZulu-Natal

Preferred method of contact

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