Summary
An opportunity to buy an existing paving operation. The Paving Business is part of a paving franchise which was established in 2005. This franchise, combine conventional paving services for paving and garden borders. Turnkey operation with on-site training.
Give me more informationFully describe the business's activities?
a. Professional project management on all projects.
b. Design & construction of storm water management systems
c. Design & construction of soil retention systems
KwikPave (SA) uses conventional paving services combined with new and innovative technology to edge the paving.
How long has the business been established?
How long has the owner had the business?
What is the Franchise opportunity about?
How long has the Franchise group been establised for?
How many existing franchisees are there in the group and for how long have they been operating?
Does the business have any contract work?
What competition exists?
How is income derived?
a ) Decorative concrete garden & paving edging manufactured on site
b ) Laying of decorative conventional paving for domestic and industrial clients
c ) Design & construction of storm water management systems
d ) Design & construction of soil retention systems
How does the franchise operate on a daily basis?
They will respond to the enquiry and inspect the premises and provide the client with an accurate quotation after measurements have been taken etc and the client having been advised on the service and product they would like.
Once the quotation is accepted a deposit is paid by the customer.
They will then send a team to start with the paving project according to the clients specific instructions.
Does the Head Office assist in securing contracts (if applicable) or is it up to the individual franchisee's to do this?
A KwikPave (SA) representative will assist franchisees with their initial projects and give some guidelines for the team.
What advertising and marketing is undertaken on a group basis and what is the individual franchisee expected to do?
Additional marketing initiatives locally should be done by the franchisee.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
One permanent team leader
No employment contracts
Owner involved operationally on day to day basis
Do any receive special perks or incentives?
Are they on contract?
How involved is the Owner in running the business?
When does the current lease end?
What are the trading hours?
What are the main assets of the business?
* One ton RED CUSTOM BUILT KwikPave (SA) Trailer (4-wheel)
* Petrol powered Plate compactor
* Custom built wheelbarrows (2)
* Specialised edging hand tools &accessories
* General paving tools:
- Rakes (2)
- Spades & Shovels (3)
- Compactor implement
- Line & pegs
- Plaster trowels (4)
- Electric 230mm grinder
- Power extension lead
- Rubber mallets (2)
- Straight edge (2)
- Level (2)
- Builders square
- Tape measure
- Buckets (20 litre x4)
- General toolkit
- Petrol can
Optional Equipment (at additional cost)
* 1 Ton 4 x wheel open trailer (Red) - P.O.A
PROTIONAL MATERIAL
* KwikPave Branded Clothing
*3G Tablet
* Advertising & branch promotional material (including a banner and vehicle signage)
What is their overall condition?
Strengths?
Franchise backup & related benefits
Innovative business concept
Ongoing product development
Ongoing value added business concepts
Market leader
Can be operated from Home
Risk averse - 60% upfront deposit for all projects
• Turn key business system
• Comprehensive Franchisee screening & selection system
Weaknesses?
Currently no permanent staff
Opportunities?
Introduction of Lumiglo in Garden Route
Threats?
Establishment of a similar national franchise operation
What is the reason for the sale?
franchise development
Why is this a good business?
The business is well established and has gained a sterling reputation for excellent service and
project management throughout the Garden Route and throughout the Eastern and Western
Cape.
How are Projected turnovers and profits calculated?
What is the Franchise joining Fee?
What is the monthly royalty, management and marketing fees? Are these fees based on turnover or a flat rate?
2% of turnover is payable for regional advertising by the Franchisees in each respective region.
What extra marketing and advertising should a franchise budget for?
What assets are included in the purchase price?
* One ton RED CUSTOM BUILT KwikPave (SA) Trailer (4-wheel)
* Petrol powered Plate compactor
* Custom built wheelbarrows (2)
* Specialised edging hand tools &accessories
* General paving tools:
- Rakes (2)
- Spades & Shovels (3)
- Compactor implement
- Line & pegs
- Plaster trowels (4)
- Electric 230mm grinder
- Power extension lead
- Rubber mallets (2)
- Straight edge (2)
- Level (2)
- Builders square
- Tape measure
- Buckets (20 litre x4)
- General toolkit
- Petrol can
Optional Equipment (at additional cost)
* 1 Ton 4 x wheel open trailer (Red) - P.O.A
PROTIONAL MATERIAL
* KwikPave Branded Clothing
*3G Tablet
* Advertising & branch promotional material (including a banner and vehicle signage)
Is the franchisor supplying all assets or can the franchisee source these items himself?
Is stock supplied with the initial franchise setup (if applicable?)
Will stock purchases be solely from franchisor in the future or can the franchisee pruchase from other suppliers?
How many staff members are required to successfully operate the franchise?
You will be able to start the business with one team constituted of 4 staff members and as soon as you grow your business you can employ another team for additional sites.
You will need a team of 4 semi-skilled employees to assist you in delivering quality service to clients.
What training is provided for new franchisees and staff members? Is there a cost associated with this?
The owner and one nominated employee will be required to participate in a KwikPave (SA) management program.
All machine operators and specialised paving staff will be required to participate in a short on-site training course provide by KwikPave (SA).
Where will training take place and for how long?
All operational staff members will be trained on site by KwikPave (SA) trainers as soon as the franchisees first project has been secured.
Does the franchise have to be owner operated?
What support and backup is offerred to the franchisee?
Management & Staff training;
National and Regional Brand advertising;
Kwikpave (SA) specialised materials;
Update workshops & ongoing technical support.
Can the franchise be operated from home?
How many franchises will be allocated to each Area/ Province?
However Franchisee's in a specific area can be assured that no other KwikPave (SA) franchise will be permitted to operate in that area.
What premises are requires to operate the franchise?
What skills and background is the franchisor looking for in a prospective franchisee?
Is there any industry regulations or licenses needed to operate the franchise?
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