History and Overview Of The Business
|
| Fully describe the business's activities |
This is a run from home based cleaning business covering carpets, whole house pre-occupation cleaning, oven cleaning, etc. Business has regular repeat clients such as Estate agents and Offices |
| When was the business established? |
2010 |
| How long has the owner had the business? |
The owner started the business |
How Does The Business Operate
|
| How does the business operate on a daily basis |
The business is owner run |
| How are the clients attracted to the business? |
Word of mouth, vouchers, etc. |
| What Advertising/Marketing is carried out? |
Website, has customer sms base (not being used at the moment) |
| Does the business have any contract work? |
No contract work, however the business does regular work for estate agents as well as a bunch of other regular clients such as office carpet cleanings. |
| What competition exists? |
The normal, in this industry it's about service excellence. |
| Seasonal Trends? |
Constant through out the year and finds it very busy over December and January |
Financial Information
|
| Vat Registered? |
No |
| Vat Documentation on File? |
Not registered |
| Management Accounts? |
Yes from Quick Books |
| Audited Financials? |
Only the Quick Books Income Statements |
| What as Cash/Credit Split? |
EFT 90% and the balance is cash |
| Debtors Book Age Analysis |
None |
| How can you improve the profitability? |
Adding additional teams and introducing advertising which the seller is not doing at all currently |
| Is Seller Finance available and if so what is it? |
No, cash sale |
Staffing Of the Business
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| What is the total number of Staff? |
One permanent and up to eight to ten casuals depending on the jobs
The permanent staff member is also paid per day worked at around R180 per day |
| Staff Breakdown |
1 x Permanent and the balance casuals |
| Staff Special Perks and Bonuses? |
December bonus and every Monday he receives R100 |
| Are the staff on Contract? |
No |
| Does any of the staff have management potential? |
No |
| How involved is the Owner in running the business? |
The owner is fully involved in running the business |
Premises Of the Business
|
| When Does the Current Lease ends? |
Run from home |
| What are the Trading Hours? |
Mon to Sat 08:00 - 17:00 |
| Do You require a license? |
No |
Assets Of The Business
|
| Full Asset List available? |
Industrial Carpet cleaner - R15,000
Steam Cleaner - R5,000
Various other items |
| What is condition of the assets |
Excellent |
| Any Assets on Lease/HP that Buyer needs to take over? |
No |
| Are they insured at the moment? |
No |
SWOT Of The Business
|
| STRENGTHS |
Well established with a solid customer and supplying excellent service |
| WEAKNESSES |
Need to expand and add additional teams |
| OPPORTUNITIES |
Expand with additional teams |
| THREATS |
None identified |
Summary
|
| Why is this a good business |
Well established with a solid customer and regular repeat clients with a name for service excellence. |
| Why is the owner selling it? |
Health and possibly retrire |