Fully describe the business's activities?
The business can be described as a full-service coach broker / bus broker. They arrange all transfer services and catering for any event or function such as group outings, conferences, sports events, concerts, airport transfers or corporate events. They handle all arrangements between the client and their transport suppliers and can handle any size group. They've added a catering element to their services and most of their clients make use of this convenient add-on. Easy to run business with longstanding clients and suppliers. The business can be run from home and assists clients on a National basis.
How long has the business been established?
The owner started the business in 2007.
How does the business operate on a daily basis?
The owner handles all interaction with clients and suppliers. The owner arranges all the bookings on behalf of his clients and their specific requirements. He also employs two administrative staff to assist with daily tasks such as invoicing, confirmations and general admin.
How are the clients attracted to the business?
The owner has a database of clients who used their services in the past and re-markets to them on a regular basis. Most of their clients are longstanding clients. A great deal of their clients are via word-of-mouth or via their website.
What Advertising/Marketing is carried out?
The owner has focsed mostly on internet and Adword campaigns the last year which has turned out to be a massive success.
Does the business have any contract work?
The owner has yearly arrangements with certain companies who uses them on a regular basis. The business is based on good service delivery and therefor the clients tend to stay with them.
What competition exists?
There are various other competitors in the market-space providing transport services. However. there are not a lot of coach brokers/bus brokers that assist clients with arranging transport for their events or functions.
What are the seasonal trends?
Peak times are usually during March - May.
Are there up-to-date Management Accounts available?
Yes, we have the 2017 Financial Statements and 2018 Management Accounts available for perusal.
How could the profitability of the business be improved?
The business catering leg of the business can be grown with the transport to provide breakfast, lunches and snack boxes for their clients on board.
Is Seller finance available and for what amount?
What is the total staff complement?
2 staff members and the owner.
Give a breakdown of staff/ functions/ length of service?
The owner currently employs 2 admin ladies. However, all administrative tasks can be handled by one dedicated administrator.
Do any receive special perks or incentives?
All are on a basic salary.
How involved is the Owner in running the business?
The owner is actively involved in the management of the business especially liaising with clients and suppliers.
When does the current lease end?
This business is a work from home opportunity.
- Good reputation in the market for high quality of service and attention to detail for a clients specific needs; - Arrangements with good Preferred suppliers; - Great processes and procedures in place; - Easy to operate business; - Low overheads; - Small staff component; - Work from home opportunity.
- Currently the business does not comply with certain BEE requirements to work with major corporate companies.
- Can invest in more marketing and social media advertising, Google Ad-word campaigns has been very successful.
- None perceived.
What is the reason for the sale?
The owner and his family are in the process of emigrating.
Why is this a good business?
This is a great business with good cash flow, low overheads ,easy to operate and with good relationships with clients and suppliers. The business has been in operation for 11 years with scope for growth.
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Annual Turnover Amount between R 500 thousand and R 6 million