Electrowinding Business For Sale

Business description

This is an excellent business opportunity for a person with electrical experience in the electrical motor industry. The business has been established 23 years ago and has been with the current owner for the past 11 years. It is well established and has a loyal customer base. The business has a good reputation for excellent workmanship and customer service. The owner is prepared to stay on in the business for a period of time, at a market related salary, to ensure smooth handover and continuation of the business. One month's training and handover will be given and is included in the asking price.

The business is in a prime location in the industrial area with good visibility from the main road where lots of traffic pass by on a daily basis. The business operates with a small debtors book and there are proper systems in place by which stock are controlled.

At the moment they focus mainly on the repair of electrical motors up to 200kw. Repairs are done to electrical motors, air conditioner motors, sewage & water pumps. The customer database includes amongst others municipalities, golf estates, timber industry. The client base is spread over an area from Swellendam in the Western Cape to Plettenberg Bay in the Eastern Cape and Oudtshoorn in the Karoo.

The business is successful and profitable and has a very good reputation for quality workmanship in the area. All figures can be verified and documentation is available to justify all financial figures. Audited financials available for Feb 2009 and management accounts to date.

All staff are very liable and efficient and qualified by experience. All staff are permanently employed and would like to stay on in the business. Staff has minimum 5 years experience with maximum 23 years service.

There is huge opportunity for growing this business and details will be discussed with serious buyers.

If you are service orientated, has experience in the electrical motor and rewinding industry, this is a business opportunity that you should seriously consider.

Property information

Real Estate:

Lease

Lease terms:

Long term lease available.

Leasehold rent:

R120,000 per annum

Location:

Industrial Area

Premises details:

Lease to ge negotiated with Landlord. Lease is fair and reasonable. Long term lease available.

Business Operation

Expansion potential:

Huge potential to expand amongst others by selling electrical industrial hardware (wholesale), etc.

Reasons for selling:

Retiring.

Trading hours:

Mo - Fri 07:30 - 17:00

Employees:

Owner plus 6 technicians

Years established:

23 years

Other information

Support & training:

Full training will be provided for one month. The owner will be avaiable to offer support after the effective date, for a limited period of up to 6 months.

Furniture / Fixtures value:

R432,000 (included in the asking price)

Inventory / Stock value:

R80,000