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This is an opportunity to acquire a plumbing service business which is a national services and repair Plumbing company, with a reach across Africa. The company was established in 2010 but has only started operations recently when they were assigned two tenders.
Work on the three tenders where the seller subcontracts for a reputable building contractor has just started in the Johannesburg area, Gauteng Province, South Africa. The two tenders have a total value of more than R35m excl VAT offering a net profit of more than R7mil before owner drawings. Another 2 tenders which the seller is positive will be allocated to the company is pending.
The seller is selling the business due to cash flow constraints. It is advised that the buyer should have at least R2m trading capital available over and above the selling price.
This is a unique opportunity offering an above-average ROI. Its an ideal opportunity for an existing plumbing services business wishing to expand or an entrepreneur looking to start his own business from a strong base. The buyer need not have the specific technical knowledge, but experience in the plumbing industry will be beneficial.
Included in the sale are assets to the value of more than R1m, a website and successful app developed for this company specifically.
The asking price excludes VAT.
The owner has cash flow restraints due to too many business operations requiring capital input at the same time. He is willing to sell this business and assist the new owner with acquiring more tenders.
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