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Roofing Waterproofing Specialist In Durban For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R8,900,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R30,000,000
Cash Flow:
R3,800,000

The Sale Price is R8.9m, including some R2m stock. The Owners Discretionary Income is R3.8m pa off a 2021 turnover of R30m.
Long Established large roofing specialist that is on track to pre-COVID earnings. Knowledgeable staff with required vehicles & equipment.
This 50 year old well known Durban business, focuses on the repair & maintenance of roofs, inclusive of waterproofing for the residential, commercial & industrial market. The owner oversees the quotations, technical issues & finances, with the 2nd tier managers actually handling such matters with qualified staff below them.
The Owner, is supported by 34 managers & staff. Admin: 1 x 2nd in charge with 4 staff;
Operations : 3 managers & 26 staff.
No long term contracts are in place, but some 67% of turnover is from repeat/existing clients, while new business is either obtained through referrals 13% or the website 7%. Other business development & advertising brings in the remainder. Expenditure as per the AFS hereon is some R160 000 plus pa.
A full asset list is available, consisting of 24 vehicles (bakkies & trucks), various necessary tools of the trade, & office equipment. They are all in good working order, R1.4m on a 2nd hand basis.

Property Information

Real Estate:

Lease

Premises Details:

The seller owns the properties, with a market related rental included within the AFS/Aldes report of some R1.3m pa. The purchase of the properties could be discussed.

Planning Consent:

The Co is registered with : cidb, MBA, & NRCA (USA)

Business Operation

Years established:
50 years

Other Information

Relocatable:
This business can be relocated.

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