Pool Cleaning & Maintenance Adelaide $1,160,000
Poolwerx West Lakes / Salisbury is a family owned and operated business as part of the Poolwerx franchise group. Commencing in 2002 as the initial Poolwerx business in South Australia.
Synopsis of the businesses:
-Man in a Van operation originated in September 2002, growing to a 2nd van in April 2003 forming a husband & wife team
-Establishment of West Lakes store in February 2005
-Relocation of new West Lakes store to the more prominent location on Frederick Rd, West Lakes in 2016
-Acquisition of Salisbury territory and establishment of the Salisbury store in 2016. Included assignment of other northern territories on a loan basis
Key Features and Benefits:
-Over the course of almost 20 years, growth has largely been from establishing new clients, namely from the founding of the West Lakes store and more recently the Salisbury store
-The long-term presence in the Western Suburbs has allowed the business to build strong rapport & loyalty with its clients
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$1,160,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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