Summary

Over 40 years based in the Garden Route and with only 2 owners, a business of choice as supplier to the construction industry, architects and developers. An ideal business for an Owner who would like to further exploit the growth potential of this business.

Give me more information

Fully describe the business's activities?

Waterproofing and Roof Sealing business.

How does the business operate on a daily basis?

The Owner handles all of the General Management functions of the business supported by the teams in the field.

What competition exists?

There are competitors however the track record and quality of work by this business makes it a leader in the industry.

How could the profitability of the business be improved?

The profitability can be improved by being able to do more quoting, and accept more work.
Ideally the management base should be expanded to grow the business but the Owner is wanting to pursue a new venture.

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

There are 3 Chargehands in place who are the field supervisors.
One of them is also a driver.

How involved is the Owner in running the business?

The Owner handles all the General Management functions of the business such as allocation of work, quotations, meetings with developers etc.

When does the current lease end?

The business only has a small store room lock up facility and could be run from the Owners home if required.
The current store room is 75 square meters.
Open lease on a month by month basis.

What are the trading hours?

Mondays to Thursdays: 07-15 am to 5-15 pm.
Fridays: 7-15 to 14-15 pm.
Overtime may be required if and when the work demands.

What are the main assets of the business?

Equipment
2 x bakkies

Strengths?

Brand name has been in the region for so long that it is a known company in the Garden Route.
Well entrenched with over 40 years of trading.
Despite being premium in price, the business retains its market share due to its quality of work and service levels.
Stable and well trained staff ensures work of high quality
10 year guarantee on product carried by the supplier.
Have become the company of choice for many site contractors who sub-contract the waterproofing work.

Weaknesses?

There are no significant weaknesses if the Owner stays involved and is the face of the business.

Opportunities?

There are many add on opportunities but that would require the management team to be strengthened.
The Owner feels that after 7 years he would prefer to pursue another venture.

Threats?

There are no known threats to this business.

What is the reason for the sale?

The Owner has had this business for over 7 years now and it was his first business ownership.
He feels now that he would prefer to move on and pursue other business ventures and new challenges.
He would be leaving the business in a very strong trading position and profitability and will ensure a well structured and detailed hand over to the new Owner.