Fully describe the business's activities?
Specialists in made to measure curtains, blinds, rods, rails, tie backs and accessories.
How long has the business been established?
October 2006 although the official franchise agreement was only signed in Oct 2010.
How long has the owner had the business?
The owners were instrumental in pioneering the business concept and convinced the then owner to start the franchise operation.
How does the business operate on a daily basis?
Once an enquiry is received the business entity or private customer is visited and their requirements ascertained. The franchise has a fully equipped panel van in which a very large range of samples is carried. Measurements are taken and a follow-up quote is then prepared and mailed to the contact person. Once accepted a 60 % upfront deposit is payable before the order is placed with the factory. Upon receipt of the completed product(usually within 21 days) installation is scheduled and the balance of 40 % is payable on delivery/installation.
How are the clients attracted to the business?
By word and mouth, repeat business and advertising. The panel van they use is also branded with contact details- a moving billboard.
What Advertising/Marketing is carried out?
Own website as well as well as Google Ads placed by the Franchisor on a monthly contribution basis.
Does the business have any contract work?
What competition exists?
One other similar franchise owner in Gauteng.
What are the seasonal trends?
Is the business VAT Registered?
What VAT documentation is on file?
Records kept and will be made available to a serious buyer.
Are there up-to-date Management Accounts available?
March 2018 to Feb 2019
What Balance Sheet and Income Statements are available?
Balance sheet for the period ended February 2018
What percentage of the business is cash/credit?
How could the profitability of the business be improved?
Firstly by working from home and secondly by employing reps an a commission basis only.
Is Seller finance available and for what amount?
What is the total staff complement?
One permanent installer. He gets paid a basic salary and then charges an installation rate depending on whether it is blinds or tracks he is installing. He has been with the business for 5 years. There is another installer who is subcontracted and has been with the business for 8 years. He is permanently booked for installations on Wednesdays.
How involved is the Owner in running the business?
The one partner is very hands on and the second partner does all the accounting functions for the business.
When does the current lease end?
This business can operate from home and no premises comes with the purchase of the business.
What are the trading hours?
No official hours as you need to be flexible in terms of accommodating customers.
What are the main assets of the business?
The 2013 Nissan NP 200 panel van which has fully equipped with a large variety of samples(Extras shown under Financial Info). The vehicle as only done +_ 70 000 kms. The operating system which is used to prepare quotes. A photo Copier which is on lease and can be taken over with the supplier. General Office Equipment.
What is their overall condition?
In good condition.
Do any require repairing?
How have they been valued ?
The vehicle at market value taking the additional fittings into account.
Which assets are on lease/HP and with whom?
Are they presently insured?
This is a well known brand and the back up service from the franchisor is excellent. All customers also receive red carpet treatment which lends favourable towards receiving repeat business.
One would need to be flexible in terms of working hours.
More reps could be employed to boost business.
None at present.
What is the reason for the sale?
The one partner has relocated to the Western Cape and the remaining partner wants to pursue different interests.
Why is this a good business?
The business model is well established and runs profitably.
What is the price plus stock and the net profit?
R 850 000
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