Fully describe the business's activities?
Alcohol and drug rehabilitation and recovery centre with inpatient and secondary care The recovery centre is well known and respected and as a result in high demand with the various service providers and clients. They have been established for thirteen years and developed an enviable reputation during that time. The business is well-staffed with most staff having been with the business for longer periods of time. In addition to a large base of clients, growth is mainly by word of mouth between clients as well as service providers that refer clients to the centre, as a result, the owner really does not have to do any advertising. They have their Practice Number facilitating reimbursements by the medical schemes, then also the appropriate license for a Recovery Centre is also in place.
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 well staffed and while the owner is involved in the business, this does not preclude the owner from going on leave for extended periods with the staff performing all the required functions to run the centre.
How are the clients attracted to the business?
The services offered, referrals by hospitals and various medical practitioners. Due to its excellent reputation there is also a substantial word of mouth referral taking place
What Advertising/Marketing is carried out?
The centre has its own very nice website describing the services offered by the rehabilitation centre as well as its location, the bulk is but referral and word of mouth.
Does the business have any contract work?
Various hospitals and clinics
What competition exists?
Various other rehabilitation centres also operate in this space
What are the seasonal trends?
There are no seasonal trends as there is a constant demand for the services
How did the Covid-19 pandemic impact the business turnover / daily operations?
Closed for one month due to a positive case
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
As required by regulations
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
How could the profitability of the business be improved?
Grow outpatient and aftercare
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
A full break down will be made available to qualifying buyers
Do any receive special perks or incentives?
Do any have management potential?
Yes, at least two staff members assist and get involved in management
Any special arrangements for the staff related to the Covid-19 pandemic?
When does the current lease end?
The current lease ends October 2021
Is there an option of renewal & what period?
Yes, year to year lease is available
What is the annual escalation %?
What are the trading hours?
The centre operates 24 hours a day as is normal for these businesses
Is a copy of the lease available?
Yes to qualifying buyers
Do you require a licence?
Yes the appropriate license to run such a facility, will be discussed with qualifying buyers though likely the buyers will know what is required
What lease deposit and/or other surety is required?
What are the main assets of the business?
Asset list will be prepared for qualifying buyers
What is their overall condition?
Do any require repairing?
Are they presently insured?
The business has a practise number for claims from medical schemes Reputation in the marketplace with both professionals and clients Staff in the business
Exposure to potential Covid positive people
There are various avenues of opportunity that can be explored that will be discussed with qualifying buyers
What is the reason for the sale?
The seller will be immigrating
Why is this a good business?
This is a well-established business with an excellent reputation in the marketplace. Medical professionals are keen to refer patients to the facility and they have their pick of which patients they will accept.
Annual Turnover Amount between R 500 thousand and R 6 million