An excellent opportunity exists to own a highly profitable and specialised plumbing business focusing on drain cleaning, CCTV camera inspections of drains, High Pressure water jetting and drain relaying, while also offering all forms of plumbing maintenance (including geyser replacements) and small alterations. This company operates in the greater Johannesburg area.
The business has a 4 year sound financial track record, asset value of R448,600 which includes a full range of supporting equipment and one fully fitted panel van with an option available to take-over a second.
The owner indicates the turnover to potentially increase by approximately R150,000 per month by mid 2018 - a conservative estimate. This increase is possible by operating a second plumbing team, i.e. the second panel van option, as the dual team staff complement is already employed.
This is an URGENT SALE as the family is moving back to the UK as soon as possible, and is willing to consider reasonable offers.
The Selling price is R1,670,000.
And offers a very favourable Return on Investment of 48%, a payback period of 25 months.
And Net Profit Seller Earnings of R798,452 p.a.