Must Sell Now Asphalting Business In Durban For Sale

Business description

Owner emmigrating now ! Selling Price only R1.9m NEGOTIABLE, with a fantastic Net Profit R1.2m.pa !! including R1.3m of excellent assets. Various options in pricing (down to R1.3m) can be arranged according to how much equipment is wanted.

Well established company handling the asphalting of roads and driveways for both private and commercial clients. The asset base of this business is in the region of R1.3 - plant and equipment. The owner is now less-hand-on as staff are well-trained and experienced, many having been with the company for a while. Good growth potential as business is booming. This company has a good reputation for quality and service and obtains much business through word-of-mouth referrals.

Calls come in to a home office and reps are sent to quote. A client needs to provide 48 hours notice before the start of a job. 2 crews are run (about 7 chaps per crew), with the owner supervising and very hands on. At present a home office is used as a base, with plant and equipment stored at premises in Pinetown. Ideally the new owner would work from home, or set up his own office elsewhere.

Clients are attracted to this company because of its long standing good reputation and quality service. The company is well-known in the industry. The yellow pages, and signage on vehicles is a good form of marketing. Word-of-mouth also brings in a lot of work.

The company does not have a signed contract as such, but does do a fair amount of on-going work with a blue-chip company in Durban - and has worked with them for 10 years now. They are listed as vendors on this company's database - a huge benefit.

Property information

Real Estate:

Lease

Lease terms:

Operates from home.

Location:

Durban

Premises details:

This is a work from home operation, with a yard and factory used as storage for plant & equipment:+- 2 dbl garages in size. Ideally the new owner would source his own premises to store equipment, and operate from his own home base.

Size in square feet:

500m2

Planning consent:

n/a

Business Operation

Expansion potential:

There is huge growth potential in terms of increasing crews and taking on more jobs.

Competition / Market:

A small amount of competition exists but this business is unconcerned as they have plenty of jobs and on-going enquiries. There is huge growth potential which hasnt been tapped into, as the owners have been happy with the status quo.

Reasons for selling:

Medical and emigrating

Trading hours:

Office hours Mon - Fri 8 - 4. Cell phone on during work times.

Employees:

Owner manages the operation. 1 Foreman, 2 Team leaders and 4 Permanent staff. Casuals when necessary. Training is on the job, with staff and owner. Staff have been with this business for anything between 15 years and 8 months - 6 staff having been employed with owner for over 10 years, and 4 for over 2 years.

Years established:

7 years

Other information

Support & training:

Owner will introduce to clients and suppliers and train new manager, while existing staff are esperienced.

Financing available:

No

Furniture / Fixtures value:

R1,300,000 (included in the asking price)

Home based:

This business can be run from home.

Relocatable:

This business can be relocated.