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LocationSouth Africa, Eastern Cape

Sector - Sales & Services

Asking Price
R3,250,000
Monthly Profit
R 82,258
Asset Value
R 1,000,000
Stock Value
R 10,000
Yearly Net Profit
R 987,093

Summary

Well sized plumbing business in the Eastern Cape for sale as the owner will be retiring.

Give me more information

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 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.

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

Each of the qualified plumbers respectively have 3, 6 and 9 Years service.

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 are the main assets of the business?

Mainly vehicles and tools which are used on a daily basis to service clients

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.

Location

Contact | Enquire

Andre

Andre Botha

LocationSouth Africa, Gauteng

Preferred method of contact

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