Fully describe the business's activities?
SANAS accredited BEE verification Agency for sale. - BEE certification and assessment; - Training - File preparation and other related services
How long has the business been established?
The business was established in 2007.
How does the business operate on a daily basis?
The owner has a good team in place with qualified analysts attending to clients specifications. They assist clients with their initial BEE verification certificates as well as continuous support in improving their BEE score and updating their certificate on an annual basis. They also assist with continuous training and equiping you with the necessary tools to monitor your BEE score.
How are the clients attracted to the business?
Currently, the business has longstanding relationships with their current clients.
Does the business have any contract work?
They do have clients on a contract basis, assisting them with their BEE certification on an annual basis.
What competition exists?
There are other verification agencies providing similar services. However, this industry scope is so far and wide there are huge potential for growth and expansion in the business.
What are the seasonal trends?
Dependent on the size of the contracts throughout the year.
Is the business VAT Registered?
Yes, the business is a VAT-vendor.
What VAT documentation is on file?
All VAT-documentation is available from their accountants.
Are there up-to-date Management Accounts available?
Yes - We have the 2018 management accounts on file.
What Balance Sheet and Income Statements are available?
Aldes has the 2017 Financial Statements available. The 2018 Financial statements is in the process of finalising.
How could the profitability of the business be improved?
There are immense opportunities in this industry and the business can benefit from opening a branch in Gauteng.
What is the total staff complement?
7 Permanent Staff members, including the owner
Give a breakdown of staff/ functions/ length of service?
3 Qualified analysts (1 position is vacant) 2 Junior Analysts and 1 Administrator/Marketing Assistant
Do any receive special perks or incentives?
All staff receives a basic salary package. Junior analysts and Business Development Consultant also receive incentives on a monthly basis.
Are they on contract?
Do any have management potential?
The business has a manager and BDM in place focusing on contracts and new clients.
How involved is the Owner in running the business?
The owner is involved in the business on an ad-hoc basis and mostly focused on growth, improving their systems, strategic planning and meeting with clients when needed.
When does the current lease end?
The Seller owns the property. There will be an option to purchase the property or negotiate a new lease agreement.
What are the trading hours?
Monday - Friday 08:00 - 16:30
What is the square meters of the business?
Do you require a licence?
Yes, the business needs to be SANAS accredited.
What are the main assets of the business?
Mainly office furniture and computer systems. Intangible Asset - SANAS accreditation license (Full asset list will be provided) The business uses a program, used as a CRM system as well as a accurate tool in creating, measuring BEE scorecards and compiling reports from the system
Are they presently insured?
Yes, the business has comprehensive insurance.
- Well trained and qualified staff - Good processes and procedures in place - Established client base - SANAS Accredited Agency - Experienced in the market. - Service and work quality is of a high standard and trusted in the marketplace. - High barrier to entry and captive market since companies cannot obtain BEE certification elsewhere.
- Great opportunity to source more clients, untapped market space with the good possibility to grow the business, especially in the Gauteng area. - More marketing opportunities exist. - Greater potential for efficiency and improved financial results.
- SANAS accreditation is an annual renewal process in order to confirm the agency delivers quality work. - Legislation changes
What is the reason for the sale?
The owner has relocated and would like to pursue other business opportunities.
Why is this a good business?
SANAS accredited agency with 11 years of experience in the industry. Well trained and qualified staff and established clientbase. Scope for growth.
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million