20 year old Plumbing Business, making R1.2 million Net Profit per annum.
This business has stood the test of time, having been established for 20 years and still going strong. The owner is selling because he is emigrating . The business is fully operational without him, although the preferred Purchaser, would be a Plumber, who can merely step into the owner’s shoes.
Whilst there are no real contracts in place, customers have been regularly coming back, and the majority have been customers for many years. As long as the standard of work and service remain top class, there is no reason why any customer would leave. So continuity of the business is almost guaranteed, as are the sustainability of the Turnovers and Net Profits being presently achieved.
The Net profit for the year ended 28 Feb 2019 is R 1.2 million. This is a business for a risk averse entrepreneur/plumber, looking to go into his own business, with minimum risk, and almost guaranteed profits.