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Electrical Business In Booming Region For Sale

Ballito, KwaZulu - Natal, South Africa
Asking Price:
R895,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R5,600,000
Cash Flow:
R500K - R1.5M

Based in Ballito, Ohms Electrical comes with a highly valued reputation and is one of the market leaders in the province of KZN which is evident by it's high level of repeat business, as well as it's steady growth in new business.

Ballito and it's surrounding areas are experiencing rapid growth in the commercial and residential sectors and with new estates now open for development due to the influx of families moving to the area, it is projected that there will be new work available for the next 10 to 15 years at minimum.

This does not even take into account the business available by on going maintenance to our large existing client base within the residential, retail, commercial and industrial sectors, as well as refurbishments to the older buildings which are being improved at a rapid rate as the area experiences an influx of capital and growth.

The current owner has decided to sell as he wishes to travel and has priced the business at a large discount to it's market value. With an average turnover just shy of R6 000 000.00 per annum and guaranteed to grow, as well as it's asset base of approximately R185 000.00, the business is a steal at R895 000.00

At this price it is less than all the other electrical contracting companies available and includes all tools, equipment, stock, furniture, office equipment, staff, trade secrets, website, vehicle fleet as well as secured contracts and a large customer base meaning the buyer will generate revenue from the on set.

Property Information

Location:

Ballito, Kwa-Zulu Natal

Premises Details:

Office and storeroom based centrally in Ballito which has easy access to the highway so that employees are able to reach clients quickly and efficiently.

Business Operation

Expansion Potential:

There is vast expansion potential given the fact there are new residential estates which have just been released to the public and are due for development.

Several large scale commercial developments are also due for commencement which will bring an influx of new businesses to the area and with that, additional staff who will require homes to be built and bought.

A Club Med is also due to be built in the area which will have a massive increase in investment within the area and should contribute to steady growth for years to come.

Competition / Market:

Given the company's strong footprint it survived COVID with very little downside, unfortunately for some of the company's competitors this was not the case and many of them had too close down - leaving a gap in the market.

Reasons for selling:

Opportunity to travel

Trading hours:

07:30 to 16:30 in the construction department and 24/7 on the maintenance department.

Years established:
11

Other Information

Support & training:

Support and training shall be provided for an agreed upon period to allow a smooth transition.

Furniture / Fixtures value:
R135,000 - included in the asking price
Inventory / Stock value:
R50,000 - included in the asking price
Website:
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