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This business has stood the test of time, having operated for 19 years and still going strong. The one owner will be replaced by his manager, and the other owner by the new Purchaser.
Sales of R11.7 million for Y/E 28/2/2019 are made up of approximately 40% repairs and maintenance, which could be assumed to be annuity income, and 60% new installations. Net Profit is about R1.3 million, and plans have been made already, to grow the annuity income exponentially. Customers have been regularly coming back, and the majority have been customers for many years. As long as the standard of work and service remain top class, there is no reason why any customers would leave. So continuity of the business is almost guaranteed, as are the sustainability of the Turnovers and Net Profits being presently achieved, as can be seen from the 2017, 2018 and 2019 financials.
Total value of Assets is approximately R1.3 million plus stock of about R1.2 million.
The business is a Carrier Dealer, has been in the top 5 dealers in the country for the past 12 years, and they have won award after award – it is a Blue Chip Company, situated in Ballito.
Price to R6.6 million, plus stock, For a quick sale!!
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