Sectors / Category

Annual turnover

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  • Mandate: 32123
  • Added: 23 Jul 2018
  • AFS
  • 220

Garden services in large coastal Garden Route town. Long established

Western Cape, Garden Route
220
Mandate 32123
Added 23 Jul 2018
R 2,400,000* ZAR
Stock: R 0
Assets: R 547,000
R 77,422 ZAR
Noel Heath
(PRINCIPAL)
Aldes Triumph
Western Cape
Western Cape
Summary

This business was established over 10 years ago and is well structured, managed by a husband and wife team. There are independent teams who carry out the work, each with its own dedicated manager. The work comprises maintenance etc of various domestic gardens as well as of holiday home gardens, clusters, complexes and retirement villages.

Garden services in large coastal Garden Route town. Long established
SELLING PRICE AFS
R 2,400,000* ZAR
Stock: R0
Assets: R547,000
R 77,422 ZAR
Summary

This business was established over 10 years ago and is well structured, managed by a husband and wife team. There are independent teams who carry out the work, each with its own dedicated manager. The work comprises maintenance etc of various domestic gardens as well as of holiday home gardens, clusters, complexes and retirement villages.

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Fully describe the business's activities?
Lawn and garden maintenance. Service of security complexes private homes and other establishments.

How long has the business been established?
Since 2007

How long has the owner had the business?
Since Inception

How does the business operate on a daily basis?
The Owners handle all the General Management functions of the business. There are three teams in the field, each with its own manager, and all teams have their own equipment and responsibilities. Although landscaping can be undertaken if requested the business focuses more upon maintenance of gardens.

How are the clients attracted to the business?
A solid and long standing base of loyal clients, approximately half of them have used the services of this company since inception. There are over 160 clients on the business data base. Many of the clients are overseas based and this business looks after their gardens.

What Advertising/Marketing is carried out?
A weekly advert is flighted in local magazine.

What competition exists?
There are a number of other competitors, but most of them are smaller one man operations.

What are the seasonal trends?
Although business improves over the summer season, it remains busy during the winter months too.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Up to date as and when required.

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
As and when required.

What percentage of the business is cash/credit?
Predominately EFT payments.

What is the age analysis of the debtors book?
There are no long outstanding amounts.

Who is the bookkeeper/Accountant?
Pierre Gouws CA

What is the total staff complement?
13 exclusive of two Owners.

Give a breakdown of staff/ functions/ length of service?
The Owner is responsible for all operational aspects of the business and all administration. Three teams handle the field operations each one with their own dedicated manager in place.

Do any receive special perks or incentives?
Any bonus's paid are at the discretion of the Owner.

Are they on contract?
Yes, every employee has a contract in place which is updated on a regular basis.

Do any have management potential?
There already are three managers in place, however some other staff members do show promotional ability.

How involved is the Owner in running the business?
On a daily basis overseeing the whole operation.

When does the current lease end?
Lease on a month to month basis.

Is there an option of renewal & what period?
Yes.

What is the annual escalation %?
8%

What are the trading hours?
08-00 to 5-00pm Monday to Fridays.

What is the square meters of the business?
Premises are approximately 200 square meters.

Is a copy of the lease available?
Yes, as and when required

What lease deposit and/or other surety is required?
1 month

What are the main assets of the business?
3 Vehicles with trailers and relevant equipment.

What is their overall condition?
Good working order....well maintained.

How have they been valued ?
Owners second hand value.

Which assets are on lease/HP and with whom?
There is a software package that should be taken over but is a relatively low monthly fee.

Are they presently insured?
Yes

Strengths?
Solid business well known for their excellent service levels and integrity. This allows them to manage the gardens of many holiday homes . The business has an excellent reputation that is sought after by people needing somebody trustworthy to have access to their property without the owner being present. Loyal long term and happy clients. Business always traded in a cash situation and no credit.

Weaknesses?
As with businesses of this nature, the commitment and integrity of the staff is important. However, if the Buyer stays focused there are no weaknesses that will impact negatively upon this business.

Opportunities?
There are many opportunities within this industry should a new Owner wish to pursue them. Irrigation, Fertilisation, Top Dressing and Wood Chipping all are opportunities that can be further exploited.

Threats?
No obvious threats are known of.

What is the reason for the sale?
The Owner has had this business for over 10 years and has done well from it. He is looking to relocate for personal reasons and wishes to pursue new interests.

Why is this a good business?
This business is very well established with three dedicated teams each headed up by an experienced manager. The Owner plays an administrative role the day to day operational issues, and oversees the total general management function. The Owner also handles all quotations. Ideal business for somebody with good general management skills who enjoys being hands-on but allows the three managers to take responsibility for their own areas.

What is the price plus stock and the net profit?
The price is R2,400,000 and annual profit is around R930,000.

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FRANCHISE DETAILS

Aldes Triumph

1 members
25 active mandates
Western Cape
8A Loerie Street, Bergsig
6529

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