Fully describe the business's activities?
This Training Academy provides onsite as well as online training for pest control operators as well as practical assessment needed to complete their qualification.
How long has the business been established?
The owner started the company in 2007.
How does the business operate on a daily basis?
Inquiries are answered by the receptionist, invoices are compiled by the owners wife and training is provided by the owner himself or by lecturers.
How are the clients attracted to the business?
Being one of only a handful of trainers in SA they enjoy referrals from the Department of Agriculture, word of mouth and their website also generates good feedback.
What Advertising/Marketing is carried out?
The owner is satisfied with the amount of inquiries received and he has not pursued any forms of advertising.
Does the business have any contract work?
No formal contracts but a "preferred supplier" of the Department of Agriculture.
What competition exists?
This is a niche market with very little to no competition.
What are the seasonal trends?
Very stable business. They close for two weeks in December.
Is the business VAT Registered?
Yes, the business is registered for VAT
What VAT documentation is on file?
Owners wife is in charge of the books and submits VAT via E-Filing
What Balance Sheet and Income Statements are available?
Financial statements for the year ended 28 February 2018 is on file.
What percentage of the business is cash/credit?
About 70% of payments received are in cash.
What is the age analysis of the debtors book?
No debtors book.
How could the profitability of the business be improved?
Marketing and Advertising is a good place to start. More online training can be offered.
Is Seller finance available and for what amount?
Seller will consider financing a small portion of the business to a qualified buyer.
What is the total staff complement?
Three staff members includes the owner who presents the training, his wife who handles the financial side of the business and a receptionist. Additional lecturers are called in as needed and paid per course presented. Currently there are two assessors available on an ad-hoc basis.
How involved is the Owner in running the business?
The owner is very hands on and involved daily in the business.
When does the current lease end?
The owner owns the property from where the business is conducted. The property is also available at an asking price of R2.3million.
What are the trading hours?
The business operates Monday to Friday from 7:00 to 16:00
Do you require a licence?
The training course is registered with AGRISETA, SETASA, SAPCA, PCSIB
What are the main assets of the business?
Training manuals and videos, pesticide spraying equipment, general office and classroom equipment
What is their overall condition?
Everything is in a very good and working condition.
Exclusive training specialist that services about 60% of this market. Low overheads. Excellent, accredited training material
Need to replace the owner
Wide scope for expansion within other industries.
None were identified.
What is the reason for the sale?
Owner and his family is planning to immigrate.
Why is this a good business?
Excellent training material together with a well oiled system that is well established. Services the majority of the market.
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Annual Turnover Amount between R 500 thousand and R 6 million