Total of 18657 firms and businesses for sale today Friday 29th March 2024
Time to Sell or Time to Buy !

Business For Sale. Electrowinding Business

LISTING DETAILS
Firms For Sale ID:
31888
Vendor reference:
12240
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$1,500,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This is an excellent business opportunity for a person with electrical experience in the electrical motor industry. The business has been established 24 years ago and has been with the current owner for the past 12 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 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 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. In a time when many businesses in the area suffered from economic downturn, this business managed to grow by 25% on the previous year. The business offers a 30% ROI.

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