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Thriving Stainless Press Fit Plumbing Systems Business In Gauteng For Sale

Gauteng, South Africa
Asking Price:
R3,500,000
Sales Revenue:
R2,800,000
Cash Flow:
R1,600,000

This business developed a cost-effective alternative solution to plastic and copper for use in potable and hot water systems, supplying a range of Crimp Link (Pressfit) Stainless fittings and piping. They supply of a range niche stainless press-fit plumbing systems that are quick to install, aesthetic, hygienic, and leak-free.

They only supply the products and do not do the installation. Installations are done by plumbing specialists and the business invested in the necessary crimping tools which they rent out for installation where the specialist does not have their own equipment.

They have a range of local and overseas suppliers, depending on specifications and the quality of products supplied.

Their products are used in hospitals, hotels, business development, ablutions facilities, the diesel generating industry, wastewater industry specifically wastewater plants. The product has been specified by a major Supermarket group and as such is used in all their new developments.

They have been involved with the supply of pipework for fuel systems used in alternative energy backup, to the point where this has become the only acceptable method for environmental protection and general effectiveness.

This is an owner-run, work-from-home business that will need to be relocated to another home or a small mini-warehouse. The owner and his wife run the business and they have one employee that is responsible for managing inventory and order fulfillment, who would wish to remain in the business.

The owner currently has a small work-from-home office and utilizes his double garage to store inventory, and some of the steel piping is stored under cover. The owner developed the product based on what has been successfully used in Europe for over 30 years. He is willing to remain on for a negotiated handover period which he believes need not be longer than 3 months. The owner is well past retirement age and wishes to retire, has no other plans, and will be available on a consultancy basis after the handover period.

Property Information

Location:

Ekhurhuleni

Premises Details:

Work from Home

Business Operation

Reasons for selling:

Owner wishes to retire

Employees:
3
Years established:
23

Other Information

Inventory / Stock value:
R2,400,000
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.