*** SOLD ***
Home Based Electrical Contracting Business
R 450,000Listing: #13849
About this business for saleHome Based Electrical Contracting Business
This profitable, work-from-home electrical contracting business was first established by the Seller in 1999 and comes to market as the Seller wishes to relocate to the Cape.
Residential and industrial sector work is undertaken local to the business (Amanzimtoti) as well as areas North, South and inland from Durban.
The business is owner-run, assisted by 11 competent and well-trained employees. Until three years ago, services offered were (in the main) limited to general electrical repairs and installations however, air conditioning work was added to the services and this has resulted in rapid growth.
The business is particularly well-known and has become a household name in the industry within the area in which it operates. Clients are loyal resulting in valued repeat clientele business.
Priced inclusively at R450k, assets valued at +/- R252k include (among others), three motor vehicles, a trailer and stock at takeover which is estimated to be worth +/- R35k at cost.
This offering equates to an attractive 115% Return on Investment and/or a payback of just 11-months.
For more information, kindly contact the listing Broker.