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
|
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 |