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This established business on offer is situated in Pretoria and they do maintenance kitchen and bathroom renovations mainly in the greater Pretoria and Johannesburg areas. The business has over 30 years experience in the kitchen/bathroom renovations industry doing business with hotels, schools, churches, home owners, embassies, office blocks and apartment buildings.
The business is well established with a good recognizable brand and enjoy a steady sales growth with a sound cash flow over the years.
The business are accredited at the National Home Building Registration Council, the Plumbing Industrial Regulatory Body and several other organisations.
The reason for the Owner wanting to sale is that he wants to immigrate with his family.
The business always proud themselves with excellent work ethics and quality workmanship and the evidence in this regard can be found from many pleased customers with their postive comments and testimonies. A skilled and a trusted workforce enables them to complete kitchen/bathroom maintenance renovations speedily without jeopardising the workmanship. An added service they offered is to visit suppliers with their clients to assist in the selection of good quality products and also gladly advise on styles and colour schemes. Services includes also design and layouts of kitchens & bathrooms, assist with decisions of melamine and wood, plumbing and electrical, gas, stone tops, tiling and lighting, ceiling/cornicing and appliances.
Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation) based on historical trading amounts R897,000 for 2020. This offers a ROI of 42.4% and a payback period of 29 months.
The selling price of this reputable business on offer is R2,115,000 plus VAT (if applicable) and includes Movable Assets valued at reasonable 2nd hand at R445,000 and plumbing fittings and Stock @ cost of about R35,000.
Included in the Assets is three Toyota Hilux bakkies as well as a workshop trailor.
All the equipment is in very good condition and regular maintained.
The business is being sold as turnkey and the Owner will ensure adequate training and assistance for three months after take-over.
This business coming into the market is an exceptional opportunity to enter this very competive market or to expand existing operations. If you are passionate about the maintenance of the kitchen/bathroom renovations industry and want to be the new Owner of this well-established reputable business on offer – this might be the business opportunity for you to grab and to continue grow it as a reputable contractor in the greater Preoria /Johannesburg areas.
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