Fully describe the business's activities?
Landscape designs, garden consultations, landscape garden installations, garden maintenance.
How long has the business been established?
The business was established in 2003.
What Advertising/Marketing is carried out?
Annual participation in the Witness Garden Show, occasional displays at Midlands Liberty Mall. Periodic adverts in the Witness - usually around spring and Garden Show time. Quarterly adverts in the Hilton Life Magazine. Word of mouth from existing clients and their finished gardens are the businesses' best form of advertising.
What competition exists?
There are other landscaping businesses operating in the area, but this business has an established name with high standards of workmanship and service which differentiate them from similar businesses.
What are the seasonal trends?
The grass cutting for the maintenance clients goes quiet during winter, but is a small portion of the income. Grass cutting staff are used for garden clean ups and rehabilitation projects during the dormant periods. Garden installations continue throughout the year
Is the business VAT Registered?
The business is VAT registered and VAT documentation is available to pre-qualified buyers.
Are there up-to-date Management Accounts available?
Up-to-date Management Accounts are available to pre-qualified buyers.
What Balance Sheet and Income Statements are available?
How could the profitability of the business be improved?
Profitability can be improved by producing some plant material in-house. Generic initiatives such as monitoring expenditure and reducing overheads will also improve profitability.
Is Seller finance available and for what amount?
Seller finance is not available.
What is the total staff complement?
There are 16 staff.
What are the trading hours?
07h30-16h30 Monday to Friday with overtime only if required.
What are the main assets of the business?
Three vehicles and various gardening equipment.
What is their overall condition?
All assets are in good working order and are in use daily.
How have they been valued ?
Vehicles have been valued to market value by a vehicle retail dealer, Machinery has been valued by the supplier to current market value and Hand tools have been valued to 50% of the current market value for new items.
The business has an established name for its high standards of service and execution of installations and maintenance. It fills an established position in the industry with a sound client base of high end clients and is well respected by clients and peers alike .
The business has a great future with good business opportunities with an established position at various estates and a golf course. Numerous new estates are opening up in the area offering good opportunities for landscape design, installation and maintenance in addition to maintenance and rehabilitation to established local gardens.
Water restrictions should they come into effect could become an issue, but this would be managed by the careful selection of the right types of plants and a progressive landscape design ethos. Rising cost of living may exclude certain clients from accepting the businesses services as it is a luxury service, but a willingness to adapt the business offering and work with clients to meet their needs may help to overcome this obstacle, should it arise .
What is the reason for the sale?
To focus on another business and to raise capital for that business.
Why is this a good business?
The business is well established, with various A+ customers.
What is the price plus stock and the net profit?
The Selling Price is R 1.28mill plus R10k consumables stock. The adjusted pre-tax profit for FY2018 was R600k.
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