This specialist supplier of all Tools, with the emphasis on Plumbing, Wholesale and Retail, are well located in the heart of the Johannesburg CBD, have been in business for 20+ years, with a loyal customer base and a solid reputation, especially in the local plumbing industry. The business supplies a good mix of commercial property managers, trade players and walk-in customers through word of mouth, and with a reputation of having stock when most other players do not, and always supplying good service as well as always delivering on time!. Some of their clients that rely on them on an on-going basis to supply stock to them directly are the likes of, Olitzki Property Holdings, Zahavi Estates, Ellis Park Stadium, Sandton City, and old age homes on the East Rand, to name a few. Their Sales are typically split as 30% card, 10% cash and 60% account, and purchases are mainly through manufacturers and distributors, with most on 30 day trade terms, with a 2.5% settlement discount. Other purchases are made on a COD basis, to take advantage of any special offers, when available. The business has a total of nine employees, including a driver and three counter staff, and the Business Premises are well established, well located and always very well stocked with all the necessary displays shelves and racking. They also have solar, and a back-up generator to take care of power outages. Their Annual Sales have been resilient and have grown from their post-COVID levels of +-R12m, to +-R16m in their last financial year. They have become trusted suppliers to a range of customers, and their reputation precedes them indeed. Amongst supplying a variety of plumbing, steel, hardware and tools, customers are sure to find what they are looking for, and if not they will always endeavour to assist in sourcing and supplying the correct item to the customer, without fail!
An excellent and well run, profitable, business!!
- Asking Price:
- R2,500,000 Furniture / Fixtures included
- Sales Revenue:
- R16,000,000
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
-
Lease
- Location:
-
Well located on a busy main road in the Johannesburg CBD.
- Premises Details:
-
The seller owns the building as well, and will also consider selling it, should a purchaser wish to do so. This will be a separate Sale at a Selling Price of R3m. The store is always extremely well stocked, and most of the time, when it comes to tools, and especially those for plumbing as well as pipes and the like, they will have it!
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
A new keen 'hands-on' new owner can drive this business to the next level, as the seller is getting on a bit, and wishes to retire.
- Competition / Market:
-
They do not have any competition nearby to their retail store.
- Reasons for selling:
-
The owners wish to retire.
- Trading hours:
-
They are open Monday to Friday from 7am to 4-30pm.
- Employees:
- They have a total of 9 Employees including a Driver and 3 extremely competent Counter Staff, with the owner and his wife working full time in the business as well.
- Years established:
- The business has been operating for 20+ years.
Other Information
- Support & training:
-
The Seller will stay on for a period to be negotiated to help the new owner as to how he runs the business currently.
- Furniture / Fixtures value:
- R1,500,000 - included in the asking price
- Inventory / Stock value:
- R3,000,000
