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Thriving Electrical Contracting Business In Overberg For Sale

Overberg, Western Cape, South Africa
Asking Price:
R500K - R1.5M Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R500K - R1.5M
Cash Flow:
Not applicable

Business for Sale: R550 000. Thriving electrical contracting business in the Overberg with 16 years of strong equity, a sterling reputation, and loyal consumer base. Based in Betty's Bay, the business covers the Kleinmond to Rooi Els area, a beautiful, growing, and safe community with plenty of new builds and refurbishments of holiday homes. The Zoom generation and the onslaught of families moving away from the cities allows for massive potential and growth beyond these areas.

A loyal and competent existing team will stay in the business (if the new owner requires it), and all tools and an equipped vehicle—a Toyota Quantam panel van in good condition are all included. The owner is retiring after 16 years of building relationships and a rock-solid business reputation with his team. It's a strong on-going concern with SARS returns and a full set of management accounts for any interested buyer's perusal. This is an amazing opportunity for a fully qualified electrition with a Wireman's liscence. The company has completed electrical installations for approximately 200 houses.

Property Information

Location:

Based in Betty's Bay. Operating area between Kleinmond and Rooi Els. We operate from home, but this is a roving business.

Premises Details:

We work form a home base.

Business Operation

Expansion Potential:

The Overberg area is booming in terms of growth - population and therefore construction as there is a massive influx of past city dwellers. We purposely limited the extent of our reach as retirement was imminent.

Competition / Market:

The competition is moderate, but we have a strong standing and an outstanding reputation and track record.

Reasons for selling:

I have run this business for 16 years and I am ready to retire and enjoy the beautiful and peaceful environment I so love.

Trading hours:

42 hrs a week.

Employees:
2
Years established:
16 years

Other Information

Support & training:

A handover period can be negotiated. All existing contracts would need to be honoured and completed by the existing owner before takeover.

Furniture / Fixtures value:
R270,000 - included in the asking price
Inventory / Stock value:
R1,000 - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.