Established Electrical Contractor In Ballito For Sale

SOLD & transferred 1 Nov 2024 - by ALDES Cliff Bell
The Turnover of R5.5m produces a NP of R1.8m against a Sale Price of R1.9m !
Established for over13 years, it is well known to both builders & the public in respect of new builds or maintenance and compliance work.
The normal turnover is around R5.5 million a year. The average order book for new builds, which runs over some 18 months, is some R4.5 million for approximately 10 houses. The ad hoc maintenance and compliance work for existing houses is some R2.5 million over 12 months. The Net Profit derived therefrom is some R1.8 million (incl. owners benefits)
The owner is only involved in the quoting & financial aspect of the business as he is already working on his next business venture. The manager controls, the work & 8 staff who operate with 4 vehicles.