Fully describe the business's activities?
This is a full service nursery situated within a larger complex, the owners are selling the nursery only, the other business within the property include a coffee shop, children's party venue/adventure playground and Beauty Spa, these businesses are not included in the purchase price but do bring in significant foot traffic, many of whom purchase from the nursery.
How long has the business been established?
Prior to 2012
How long has the owner had the business?
How does the business operate on a daily basis?
The business is run by the owners brother together with 2 staff and casuals as required
How are the clients attracted to the business?
The business is well positioned and is well known in the area, plus the other businesses attract customers
What Advertising/Marketing is carried out?
They have a website and a database of 1000 telephone numbers and e mails
Does the business have any contract work?
No, just regular customers
What competition exists?
There are other nurseries, but few with the family orientated service and pricing that this business offers
What are the seasonal trends?
Busiest periods are from September to January
Is the business VAT Registered?
What VAT documentation is on file?
These can be made available during a due diligence
Are there up-to-date Management Accounts available?
To February 2018 Prior year sales were:- January to September 2018 R795, 290 Drought/water restrictions January to September 2017 R1, 562 423 Drought/water restrictions January to December 2016 R1, 805 372 Drought/water restrictions January to December 2015 R2, 527 854 Drought /water restrictions January to December 2014 R2, 929 496
What percentage of the business is cash/credit?
86% credit card the balance in cash
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
The business can grow by developing the landscaping, top soil, grass, pebbles and pavers, and propagate some of their own plants.
Is Seller finance available and for what amount?
The seller may allow the stock to be paid over a period of time with sufficient guarantees
What is the total staff complement?
2 staff plus the owner
Do any have management potential?
How involved is the Owner in running the business?
The owner has other interests and wants to free up some time for projects
When does the current lease end?
A new 5 year lease can be entered into
Is there an option of renewal & what period?
Subject to negotiation
What is the annual escalation %?
What are the trading hours?
08h00 to 17h00
Do you require a licence?
What lease deposit and/or other surety is required?
I month deposit and first months rent
What are the main assets of the business?
The main assets, include extensive shade netting, a borehole, computer and labeling equipment, alarm system, office furniture and office and storage hut
Are any items not included in the sale?
All items related to the nursery are included
What is their overall condition?
Good working order
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Will Seller settle or Buyer to take over?
Are copies of agreements available?
Are they presently insured?
Well known and established nursery in north of Johannesburg, the sellers are prepared to train an inexperienced operator, and they will still be available to a buyer as they own the other businesses.
Only the weather, but they have installed their own borehole in 2016, so when there are water restrictions they are not affected, and it keeps costs down, it looks like the general water restrictions are being lifted for customers, it is anticipated that sales will pick up as a result, however the business is still profitable even though there was a general drop in the industry due to water restrictions.
This business will suit an owner operator or a husband and wife team. There is enormous potential to grow with landscaping and garden maintenance, the soils, grass, pebbles and paver business can be developed further. Join in with the cafe and adventure playground in promotions for the business
What is the reason for the sale?
The sellers come from the corporate/training world and will be establishing a new venture in these fields
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Annual Turnover Amount between R 500 thousand and R 6 million