Commercial space in Eastcliff

An opportunity exist to purchase awell-established waterproofing and painting business in Hermanus that has been built up and operating successfully in the Overberg Region for more than 2 years.

Established 2 years ago this entrenched and high generating ROI business is situated in the heart of the beautiful and sought after coastal town of Hermanus part of the Overberg in the Western Cape.

This is an ideal opportunity to start a new life in Hermanus the land based Whale viewing Capital.If you are a business-minded entrepreneur this an opportunity not to be missed.

The owner established this business 2+ years ago and has been owner run and expanded and grown within the Overberg Region for the past 2 years. The business provides a steady revenue stream through-out the year. This is a well-run business with a small staff component.The business installs specialist waterproofing with professional care and supply a real guarantee. They do this by using eco-friendly and advanced acrylic polymer based products. Specifically designed and produced in South Africa for our harsh climate.

The business is operating as a sole proprietor by theowner.

Hermanus is +- 1.5 hour from the Cape Town Airport and 60 minutes away from Somerset West and only 20 minutes away from Stanford. Hermanus has earned a reputation as the best land-based whale-watching destination in Africa, if not the world. Hermanus is also known for its gourmet restaurants, world famous Hemel and Aarde Wine Farms, impressive selection of boutique shops and art galleries.

Products and services offered:

Products:

Waterproofing of any roof surface Tiles, Metal Sheeting, Concrete & Asbestos

Damp proofing

Basement Waterproofing

Balcony Waterproofing

Roof Leak Repair

Removal of failed torch-on and replacement with Sealtek product

Written Guarantee On Installation & Products

Services:

Waterproofing: Acrylic Polymer Based

All types of Roof repair

Waterproofing balconies

Asbestos encapsulation

Remove and replace failed torch-on

Pricing details

Asking Price: R 2,720,000 including stock. Excludes VAT.

Inventory / Stock Value: Stock levels varies during the year linked to the seasonal trend. +- R 20,000 and R 100,000

Business info

Industry: Construction

Location: Area : Hermanus, Overberg, Western Cape

Established year: 2022

Legal entity: Sole proprietor

Years established: 2+ years

Reason for selling: Health reasons - the owner had to undergo a knee replacement.

Trading hours: 5 days a week - 8:00 to 16:30 : Monday to Friday

Employees: 4

Support and training: Yes owner is available for 1 month for support and training

Relocatable: Yes, the business can be relocated in the Overberg Region.

Potential expansion of the business: add additional team/ or more than 1 teams

Business details:

Turnover: R 2,1m per annum

Yearly Cash Flow: R 1,4m

Value of assets: R 180,000 m included in the price (stock of +- R 25,000)

Monthly rent: Not applicable

Annual escalation: Not applicable

Lease period remaining : Not applicable

Size of the property : Not applicable

Stock at cost : ranges between R 20,000 and R 100,000(included in the asking price)