Verified Listing
Price : R400,000
Listing Type : Engineering
Location : North Coast
Ref. No : 2799
Year Established : 1986
Trading Hours : 8am - 5pm
Turnover : R 70 104 pm
Cost of Sales : R 47 836 pm
Expenses : R 10 122 pm
Net Profit : R 12 145 pm
Asset Value : R 62 894
Stock Value : R 80 132

An Electrical Engineering business established in 1986 by the current owners and it has been successful for 35 years. The owners have been hands on over the years and only brought in part-time employees to assist with heavy workloads. The business was operated at a rented premises but it was then moved to a private home premises after partners left the company. This business specializes in electrical contracting, electrical engineering, and power factor correction equipment.

The Energy Management, power factor correction will always be in demand due to increasing electricity costs. The current pandemic has hindered the business but it still has good prospects and lots of enquiries which can be handled well once this situation subsides.  The owners are selling the business due to health reason and they are looking to retire. This business asking price is R 400,000.00 and it generates an average monthly turnover of R 70,104.33 with an average monthly net profit of R 12,145.00

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