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Leading Commercial & Residential Plumbing Services, Est. 40yrs, For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R9,800,000 Furniture / Fixtures included
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

This premium business was opened in 1981, (over 40yrs ago), and is still going strong. The current owner manages the business hands-on, while his teams do all types of plumbing work such as, Burst Geysers, Blocked Pipes and Drains, New Water Lines, and maintenance, including having various on-going Maintenance Contracts in place with some buildings. Generally speaking, they are specialists in all kinds of residential and commercial plumbing, and have a 24hr phone in line, and do work in the whole of the Gauteng area, with their Head office being located in the Krugersdorp area.

There is still plenty of room for growth because they are currently extremely busy and the owner does not wish to expand or employ more staff, owing to the fact that he has decided to sell the business.
An excellent and well run business with 40 years of experience, and a reputation that precedes it, and therefore, a brilliant opportunity for a plumber/business person to purchase a very profitable going concern, with plenty of room for expansion and growth!!

Property Information

Real Estate:

Lease

Location:

The business has it's Head Office in the Krugersdorp area, and does work in the whole of Gauteng, even going as far as Rustenburg.

Premises Details:

They have a warehouse where all their equipment is kept such as various tools and machines used for the business, including 4x bakkies.. They keep a lot of stock in the warehouse, and each bakkie is re-stocked with spares, including geysers every morning, before the teams leave to go to their various jobs. .

Business Operation

Competition / Market:

Although there is plenty of competition in the market, they are known as one of the leaders in their field.

Reasons for selling:

The owner has the opportunity to go into his family's business and allow his father to retire, which business is not plumbing related.

Trading hours:

Although they have a 24hr call in line, their main working hours are, 7am to 7pm, Monday to Friday; Saturdays 7am to 5pm and Sundays 9am to 4pm.

Employees:
They employ 7 experienced Plumbers, and use a team of casuals to do their menial work such as digging trenches etc.
Years established:
The business has been established for over 40 years, and is still extremely lucrative.

Other Information

Support & training:

The owner will stay on for a period to be negotiated in order to help the new owner with a smooth transition, and to introduce the new owner to key clients and suppliers, as well as helping with the general day-to-day running of the business.

Furniture / Fixtures value:
R600,000 - included in the asking price
Inventory / Stock value:
R600,000
Relocatable:
This business can be relocated