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Well Established Garden Service In Kenton On Sea For Sale

Eastern Cape, South Africa
Asking Price:
R3,750,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R7,400,000
Cash Flow:
R500K - R1.5M

This well-established, popular garden service was established nearly 40 years ago and is owned and run by the existing owner for 7 years. It operates in and around this very popular retirement and holiday town and it has the major share of the garden maintenance business.

The business provides a number of services to over 480 existing private and business clients including ongoing maintenance, grass planting and cutting, tree felling, plot clearing, hedge trimming, weed spraying and certain fencing.

The owner is well supported by 36 capable staff and it is very well equipped to meet all business needs, including vehicles.

The business operates from their own 2098 square metre property with improvements of 602 square meters (built in 2021) under roof.

The owner has decided to relocate which creates a unique and exciting opportunity for a serious buyer to purchase a very well-established profitable business.

There is also an option for the new owners to purchase the building at an additional cost of R4.5 milliom

Property Information

Real Estate:

Lease

Lease Terms:

The current owners own the building and a new lease will be negotiated with the new owner. Alternatively you could also purchase the current building at an additional cost of R4.5m

Location:

Kenton-on-Sea, more commonly known as Kenton, is a small coastal town on the Sunshine Coast, in the Eastern Cape of South Africa. It is situated between the Bushmans and the Kariega Rivers, and lies approximately halfway between the industrial centres of East London and Port Elizabeth.

Premises Details:

Situated in a custom designed building to accomodate all the vehicles and equipment all under one roof.
The building is solar powered, so there are no costs involved when it comes to electricity consumption

Business Operation

Expansion Potential:

There is a large potential for further growth in the business if the new owners want branch out into doing house painting and building work. Kenton on sea is a booming little town like most of the coastal towns in the garden route.

Competition / Market:

There are other services in the area, but this one is well established and has the majority share of the market in the area.

Reasons for selling:

Reason for sale is Immigration or relocation to CPT due to daughter having to study at university.

Trading hours:

Monday to Friday 7.30am to 4.30pm

Employees:
36
Years established:
40 years

Other Information

Support & training:

The current owners will do a full take over with the new owners to ensure there is no disruption to the business operations

Furniture / Fixtures value:
R2,200,000 - included in the asking price