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.