Waterproofing Franchise

Port Elizabeth
Price : R 880,000
Listing Type : Construction
Location : Port Elizabeth
Condition : Franchise
Ref No. : 2870
Year Established : 2010
No. of employees : 14
Trading Hours : 08:00 - 17:30
Turnover : R 221 751 pm
Expenses : R 131 751 pm
Net Profit : R 90 000 pm
Asset Value : R 624 269

The business is part of a well-known national franchise that specializes in Waterproofing, Damp Proofing, Roof repairs and Roof painting, Asbestos Removal, Fall Protection from Heights Safety Systems, Epoxy Flooring, Rust/Corrosion Treatment, Staircase and balustrade Cable Installations, Timber Floor sanding and treatment.

The business has a number of contracts in place with both private and public enterprises which generate consistence contracted income. This is one of only two franchisees in the Eastern Cape region and for this reason the current franchisee has a large and lucrative area of operation. To remain successful the new owner will need to be hands-on in the business to ensure that the credibility that has been built over years is maintained and continues to grow. This business will be well-suited to a person with knowledge, experience and skills in the roofing and construction industry.

The business has loyal customers, both Commercial and Residential, and will be sold as a going concern. The reason for selling is that the owner wants to retire after having built this well-functioning and profitable business over the years.

The asking price is R880 000 (excl VAT) and including stock, equipment and vehicles. It has an average monthly turnover of R221 751 and an average monthly net profit of R90 000 before owner drawings. Should the buyer prefer to also buy the property, it can be negotiated with the seller during the purchasing process (asking price R1 million).

Due Diligence