History and Overview Of The Business
|
| Fully describe the business's activities |
Cleaning carpets, Persian, fitted, loos rugs and upholstery for cars, caravans, tents, chairs and aircraft seats |
| When was the business established? |
37 Years |
| How long has the owner had the business? |
Owner started the business |
How Does The Business Operate
|
| How does the business operate on a daily basis |
Owner run |
| How are the clients attracted to the business? |
Word of mouth predominately and well known |
| What Advertising/Marketing is carried out? |
In all the glossy magazines (Silver Lakes, Centurion Estates, Hazeldean, Irene Farm Village, Out of the horses mouth)
Web Site |
| Does the business have any contract work? |
No |
| What competition exists? |
The normal for the industry |
| Seasonal Trends? |
Summer is the busy season with it being quieter in winter |
Financial Information
|
| Vat Registered? |
No |
| Vat Documentation on File? |
N/A |
| Management Accounts? |
Yes |
| Audited Financials? |
2018 |
| What as Cash/Credit Split? |
Basically half half each for EFT and Cash |
| Debtors Book Age Analisys |
Terms are COD |
| How can you improve the profitability? |
Advertising and marketing, drive Adwords and website improvements, by doing contract work (regular weekly, monthly, etc on a contract), doing Saturday cleaning work at offices and businesses |
| Is Seller Finance available and if so what is it? |
No |
Staffing Of the Business
|
| What is the total number of Staff? |
Currently four staff members and the owner drives the vehicle, however over only two will be taken over, one is retiring and the other will not be continuing |
| Staff Breakdown |
2 x cleaning of which one has a license (Discuss with seller )
1 x Admin, bookkeeper, appointments, collections, mornings only - Is leaving
1 x Is leaving |
| Staff Special Perks and Bonuses? |
13th Cheque December
Uniform provided
Daily food |
| Are the staff on Contract? |
Yes |
| Does any of the staff have management potential? |
No |
| How involved is the Owner in running the business? |
100% |
Premises Of the Business
|
| When Does the Current Lease ends? |
Owner runs the business from home and buyer will have to relocate the business |
| What are the Trading Hours? |
08:00 - 16:00 Monday to Friday (Staff are paid to 17:00) |
| What is the square meters? |
Single garage size for cleaning
Place to hang carpets to dry, either in the garden if sunny or garage when it is wet |
| Do You require a license? |
No |
Assets Of The Business
|
| Full Asset List available? |
Will be supplied by the seller |
| Anything not included in the sale? |
All items included are on the asset register |
| What is condition of the assets |
Good condition |
| Any Assets on Lease/HP that Buyer needs to take over? |
None |
| Are they insured at the moment? |
Vehicle is insured |
SWOT Of The Business
|
| STRENGHTS |
Been in business for 37 years
Loyal client base ±1,500
Very well known business
Staff well trained and knowledgeable and honest |
| WEAKNESSES |
Lack of online advertising |
| OPPORTUNITIES |
Advertising on internet and Facebook
Expand the are covered and number of teams
Expand the services to home cleaning as well |
| THREATS |
None identified |
Summary
|
| Why is this a good business |
Well established and known business with well trained staff and a solid customer base |
| Why is the owner selling it? |
Retirement |