Fully describe the business's activities?
This is a Franchised garden maintenance business providing garden service to complexes on yearly and longer contracts. Retirement villages, security estates, flats and corporate customers count amongst our clients. Well established business. Very easy to run five days a week with normal business hours and no weekend trading. As part of the franchise invoices, contracts, payroll, equipment maintenance etc are handled on your behalf from an office. Seller is prepared to negotiate an extended handover if the Purchaser so desires.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
The business places permanent workers in the complexes on a daily basis. These workers work according to a work schedule. The work schedule and quality control are monitored by the owner on a daily basis
How are the clients attracted to the business?
The business has a very good reputation in the industry and is a preferred service provider with most property managing companies. When contracts go out on tender the business gets contacted by the property managers for quotes
What Advertising/Marketing is carried out?
Does the business have any contract work?
Yes, all work are done on a contractual basis. The norm is a year contract, but most contracts renew on automatic basis. Some contracts date back to 2008
What competition exists?
There are other players in the market, but not many on this scale.
What are the seasonal trends?
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
Yes, easy to verify contracted income and staff expenses
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
No cash or credit. All invoices are paid at the end of the month by the respective property managers per contracts in place. You got to love this. Excited yet?
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
Marketing and expanding the services provided by the business
Is Seller finance available and for what amount?
No, cash sale
What is the total staff complement?
Each complex has it's own permanent full-time staff members
Give a breakdown of staff/ functions/ length of service?
Each complex has a supervisor. The supervisor instruct and control the workers
Do any receive special perks or incentives?
No bonuses are paid. The owner will from time to time reward individual workers
Are they on contract?
Yes, all workers have employment contracts
Do any have management potential?
How involved is the Owner in running the business?
The owner is actively involved in the running of the business on a daily basis
When does the current lease end?
What are the trading hours?
Do you require a licence?
This is a franchised business, You will be required to operate withing this environment
What are the main assets of the business?
The contracted clients and the equipment
Are any items not included in the sale?
What is their overall condition?
As part of the franchise the business has its own work shop. Equipment are serviced on a regular basis
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
All will be settled as part of the sale
Are they presently insured?
Well established business. Contracted Clients No lease and overheads Great Reputation
The business has grown 300% in 4 years which places a bigger demand on the owner
No marketing is being done. It would be easy to add additional services to the business as the business operates in complexes with many residents
None perceived. Residents pay a monthly levy. For this levy garden service must be provided. Economical changes does not affect this arrangement
What is the reason for the sale?
Business has grown 300% in 4 years. Seller is positioning himself for future relocation.
Why is this a good business?
Well established business. Easy to run with no rental agreements. 8-4 Working hours and no weekend trading. As part of the franchise invoices, contracts, pay roll, equipment maintenance etc are handled on your behalf from an office.
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Annual Turnover Amount between R 500 thousand and R 6 million