Ref. No - BFS936184

LocationSouth Africa, KwaZulu-Natal

Ref. No - BFS936184

Sector - Services

Asking Price
R1,501,300
Monthly Profit
R68,892
Asset Value
R 0
Stock Value
R 1,300
Yearly Net Profit
R 826,707

Summary

Domestic and commercial project work markets. Based in the Upper Highway area with trained staff .

Give me more information

How does the business operate on a daily basis?

Telephonic calls from a large customer base. Our office ladies are in contact with our plumbers by means of business cellular phones.

What Advertising/Marketing is carried out?

Visible signage on our vehicles. The occasional advertising in school magazines with the objective of a fundraiser/ donation to the relevant schools.

What competition exists?

We are the largest plumbing company in the Highway area so therefore we don't have much competition.

How could the profitability of the business be improved?

More operational teams could be trained up and installed.

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

Telephonist, invoicing/costing and general office tasks
Bookkeeper, Telephonist, and general office tasks
Driver and plumber assistant.
Plumber assistant.
Highly Skilled plumber assistant.
Factory manager, storeman, power tools and pump repairer.
Skilled plumber assistant.
Plumbers assistant.
Qualified Craftsman plumber.
General plumbing assistant.
Qualified plumber.
Drain layer, septic tank, and soak pit specialist. Good team leader.

Do any have management potential?

Yes

How involved is the Owner in running the business?

Very involved

When does the current lease end?

The owner owns the property so there is no lease in place.

What are the trading hours?

7am to 4:30 pm
Emergency/ after hours call outs 24 hours

What are the main assets of the business?

Vehicles, plant and equipment, plumbing stock/ materials, and office equipment.

Strengths?

Quick, reliable and quality service. Well known for quick response and reliable service. Has call out facility for urgent requirements.

Weaknesses?

Perpetual load shedding affects the business on a daily basis.

Opportunities?

Has a good quality customer base. Because we are very established and have a well known and respected name in the industry, it would be a very sure investment for a prospective buyer.

Threats?

There will always be a need for a plumber, and this need/requirement is well serviced by the operational teams in this business. There are no real threats.

What is the reason for the sale?

Retirement
Location

Contact | Enquire

Ian

Ian Reich

LocationSouth Africa, KwaZulu-Natal

Preferred method of contact

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