Fully describe the business's activities?
240l bin cleaning service. Clients are services on a regular basis whereby the 240l bins are cleaned and left with a nice clean smell. All equipment is on a trailer which are towed to the clients premises.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
The team goes out on a daily basis and clean emptied bins according to standard orders or new clients requests
How are the clients attracted to the business?
Word of mouth as bins does smell good after cleaning
What Advertising/Marketing is carried out?
only the franchisor
Does the business have any contract work?
What competition exists?
What are the seasonal trends?
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Yes on request
What percentage of the business is cash/credit?
Cash and EFT
What is the age analysis of the debtors book?
Clients pay 30 days
How could the profitability of the business be improved?
No marketing is currently done
Is Seller finance available and for what amount?
What is the total staff complement?
2 general workers
Give a breakdown of staff/ functions/ length of service?
more than 5 years
Do any receive special perks or incentives?
Driver has use of bakkie over weekends
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
Not involved at the moment
Do you require a licence?
What are the main assets of the business?
Are any items not included in the sale?
Yes the bakkie
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
Very popular business model
Owner not involved in the business. Stagnant client base
With dedicated marketing and hands on owner the client base can be grown
What is the reason for the sale?
Owner does not currently have the time to be involved in the business
Why is this a good business?
The area covers Sandton and Fourways which is prime area for the business. The area covered is far bigger than the other areas offered by the franchisor. With a dedicated owner this business will grow exponentially.
What is the price plus stock and the net profit?
Annual Turnover Amount between R 500 thousand and R 6 million