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This reputable and profitable business situated in Gauteng on offer, was established more than 30 years ago and been managed by the present Owner for just over 10 years and he wants now to retire.
The business operates from a very "rented convenient" 1960 square meters unit within a well-situated industrial business park with easy access to main highway roads. The workshop is spacious, orderly, well equipped and supported by a well-stocked store. This business is the authorised service partner with a great network of contacts with loyal customers amongst them in the corporate, industrial, manufacturing, mining, motor industry, SEO`s sectors, etc. for many years.
This business is a BEE level 2 company that specializes in the supply, service and repair of electric motors, all kind of pumps, forced cooling, extractor, ventilation and cooling fans, industrial gearboxes, electric brakes, repair and rewinding refrigeration stators, value added services such as laser alignment, balancing and condition monitoring on site, etc.
This business is a well-known leader in its field, the Owner has a personal relationship with his suppliers and enjoys exceptionally sales growth over the past years with a sound cash flow.
The selling price of the business on offer is R10,800,000 and it includes a Movable Asset base in excess of R3,900,000 as well as Trading Stock of about R1,000,000 (it is probably more, the Seller is satisfied to settle the actual value of the stock on R1m)
Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation) amounts R2,068,000 for the financial year 2021 with a calculated ROI of 19.1%.
The business has stood the test of time and is being sold as a going concern and the Owner will also ensure adequate training and assistance after take-over. The staff complement consists of 33 motivated employees with meaningful knowledge and technical/mechanical skills and many of them rendering loyal service for more than 10 years’ uninterrupted service and experience to the Business.
The business will suit a Buyer who has the necessary electrical, mechanical/technical knowledge and experience with the supply and service repairs of amongst others like electric motors, pumps, fans, machinery, rewinding, etc.
By request from the Seller, only qualified potential Buyers to be considered beforehand and to be introduced to the Owner who have the necessary knowledge/experience and skills with the supply/electrical rewinding & mechanical repair fields. Persons with applicable academic qualifications in the mechanical & electrical engineering fields coupled with relevant knowledge & skills, will be an added advantage.
Full financial information is available and will only be provided to potential Buyers who signed a NON- Disclosure Agreement (NDA) and provide info of funding for this business acquisition.
This reputative Business coming into the market is an exceptional opportunity to enter this very competitive market or to expand existing operations. If you are passionate about the “Electrical service sales and repairs industry” and want to be the new Owner of this well-established on offer – this might be the business opportunity for you to grab and to invest in a quality business and to share in the growth as a leader in the field.
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