Existing building/construction profitable business urgently for sale due to health reasons.

Existing building/construction profitable business urgently for sale due to health reasons.

 Introduction:

• This business was meticulously built up over many years and contracts with some of the major developers/landlord’s companies in the Western Cape.
• The business concentrates inter alia on the following sectors in the building/construction sphere- concrete and hardwood decking, pergolas, project management, repairs and maintenance, laminate flooring, airless painting, high pressure cleaning, roofing, waterproofing including torch on techniques, carpentry, etc.
• Although the owner has only one full time employee, he has a huge database of experienced knowledgeable persons which he contracts in per contract received.
• The business is registered with the NHBRC and CIDB and has an excellent name at these organizations.
• Assets amounts to R150,000 and there is a vehicle which the seller can take over.
• The business is operational throughout the whole Western Cape and have many clients that use this business continuously supporting the statement that projects are completed satisfactorily and timeously.
• The only reason the owner is selling is that his health is deteriorating dramatically and he cannot continue with the business.

 Financials:

• Average turnover per annum- R3,1 million
• Average GP- 75%
• Average annual NP (EBITDA)- R980,000

Selling price:

•  R4 million