This business is one of South Africa’s leading Drain Specialist and Waste Management companies.
A whole range of services are offered by the business which includes the cleaning of storm water and sewerage drains, CCTV drainage and pipeline surveys, pump stations, treatment works, construction sites and mechanical road sweeping.
This business operates in a number of major centers in South Africa including the Eastern Cape, Western Cape, Gauteng and the Free State.
Making use of highly trained staff and the most advanced equipment this business is able to offer the highest quality service to its clients.
In addition, the business is also able to offer a 24 hr emergency service.
Market growth is unlimited and the market sector in which this business operates is extremely lucrative as a whole.
Profitable and with unlimited growth potential this is an extremely rare business opportunity that is being presented.
Financial Information
Current Annual Turnover:
+-R40 000 000 per year (Feb 2020)
Profit Before Tax:
+-R6 800 000 per year (Feb 2020)
Assets & Equipment Value:
+-R64 000 000 (at current market replacement value).
Staff Compliment:
60 t0 65
Stock on Hand:
Rent:
The business operates from 2 x premises which are both owned by the Seller.
Vat registered:
MORE DETAILED FINANCIAL INFORMATION IS AVAILABLE BUT WILL ONLY BE PROVIDED TO SERIOUS QUALIFIED BUYERS AT A TABLE TOP MEETING AND ON COMPLETION OF A NON DISCLOSURE AGREEMENT
BuSiness Information
Industry
Drain Cleaning Specialist and Waste Management Business
Asking Price
R 58 000 000
PROVINCE
Eastern Cape
CITY
HQ in Port Elizabeth but operates in a number of locations around South Africa
Premises:
The business operates from 2 x premises which are both owned by the Seller. The one property is located in Port Elizabeth and the other in Gauteng. The new owner will have the option to either rent the premises from the Seller or operate from their own locations.
The Seller is prepared to sell the property in the Gauteng for an additional agreed to amount.
The Seller is only prepared to rent the property located in Port Elizabeth to the buyer should the buyer not have their own premises or would prefer to keep the business operating form its current location in Port Elizabeth.
Hours of work:
Monday to Sunday
Buyer Profile:
This is a large and very well established business. It would be ideal for any business looking to diversify into this extremely lucrative market. Alternatively, this business would suit an established empowerment organisation looking to either break into the market or expand their current business operations.
Growth Potential:
This business has an almost unlimited future growth potential. The securing and providing of its services to other municipalities or the providing of other add-on services to the existing client base puts this business in a class all of its own.
Reason for selling:
Other business interests / retirement from the industry
Disclaimer: All the information contained within this prospectus is supplied in good faith and is based on information supplied by the Seller; MN Business Brokers makes no representation as to its accuracy and in no way will be held liable for any eventualities arising from the use of the information provided.
Contact Us
call
Grant – 073 556 0065
grant@mnbrokers.co.za
visit
Office GF001 | Kings Market Office Suite | Cnr Buffelsfontein Road & Titian Road | Walmer Heights | Port Elizabeth | 6070