Filters
LocationNamibia, Windhoek & Central

Sector - Sales & Services

Asking Price
N$1,100,000
Monthly Profit
N$ 164,977
Asset Value
N$ 1,138,081
Stock Value
N$ 0
Yearly Net Profit
N$ 1,979,729

Summary

Established for over thirty years, this service business has a secure client base with a consistent income.

Give me more information

Fully describe the business's activities?

This business is a registered gas installer business based in Windhoek. It is an approved inspection authority that is registered with the Ministry of Labour. It specializes in the supply, installation and maintenance of medical, commercial, industrial and domestic / household gas systems and appliances. The shareholders and their team install gas systems at major hospitals, schools, hotels, workshops, universities and other institutions.
It is a member of the Liquefied Petroleum Gas Safety Association of Southern Africa's(LPGSASA) and an approved inspection authority, registered with the Ministry of Labour, Republic of Namibia.

What Advertising/Marketing is carried out?

Advertising is carried out through a website.

What competition exists?

There are currently several SME's in competition with this business.

How could the profitability of the business be improved?

The profitability of the business can be improved by negotiating with the suppliers and sub-contractors for lower prices. Expanding their scope of work throughout Namibia and advertising their services to the general public.

Do any have management potential?

There are currently two managers / supervisors, one has been with the company for just under 20 years and the other just under 15 years.

How involved is the Owner in running the business?

The owner is involved in the business on a daily basis, however the supervisor runs all sites without the owners assistance. The current owner is prepared to stay on after the sale of the business for an agreed amount of time to hand over the business to the new buyer. The owner is prepared to assist the new owner thereafter and into the years to come on a consulting fee basis agreed by both parties.

When does the current lease end?

The seller of this business currently owns the premises and will rent this out to the new owner for N$15,000 p/m for 162m2. There is also option to purchase the premises from the owner at N$ 1,5 million, negotiable and or sign a lease contract with the option to buy. This property was valued at N$ 1,800,000.00.

What are the trading hours?

The current trading hours are 07:30 to 17:00, Monday to Friday.

What are the main assets of the business?

The main assets are plant, machinery & vehicles.

Strengths?

This Business is an established business and specializes in its field. It has an extensive client base and a reputable name. The opposition of which there are only several businesses that have not been in their field as long as this business.

Weaknesses?

No weaknesses are perceived.

Opportunities?

The opportunities of this business is its growing market with a significant percentage of its target market still not knowing they are out there! There are increasing sales opportunities beyond this businesses current targets.
At a time when more and more strain is being placed on our electricity supplies, LP Gas is an exceptional alternative primary energy source. LP Gas boasts many advantages over electricity, including efficiency and is economical. It is widely accessible and unlike electricity, is portable allowing it to provide for a host of other uses. This is the ideal opportunity for the hands-on-buyer to grow this business from a solid foundation.

What is the reason for the sale?

The owner would like to retire and sell his 51% share holding in the business.

Location

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Ursula

Ursula Gollwitzer

LocationNamibia, Namibia

Preferred method of contact

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