Verified Listing
Posted on May 7, 2021 / 555
Price : R1,600,000
Listing Type : Contractor
Location : Durban
Ref. No : 2742
Year Established : 2018
No. of Employees : 8
Trading Hours : 7am - 4:30pm
Lease Term : Month to Month
Turnover : R 200 000 pm
Cost of Sales : R 23 116 pm
Expenses : R 83 603 pm
Net Profit : R 93 201 pm
Asset Value : R 335 000
Stock Value : R 20 000

This is the KZN North Coast outlet of a Western Cape based service provider. The company offers professional systems and solutions in waterproofing, roofing, painting, and damp proofing. The branch has been managed from the head office since opening in 2018 and it is now available for sale as a franchise outlet.

There is a major contract with a property developer in place that still has over 3 years to run. This business has notably been recession and pandemic proof. The asking price of R1.6m includes the initial franchise fees to cover full training, tools, consumables, initial stock, and advertising material for the running of the branch. Latest annual financials (Feb 2020) – Turnover: R2.2m, GP: R 1m, Net Income: R 683,000.

* Abel Acuna – LP – KZN North Coast