A gardening services business can be as simple as a business that assists in maintaining the garden, for example weeding or trimming hedges, to a business that undertakes tasks such as landscaping or garden design. The costs for purchasing a gardening services business can therefore vary quite significantly, as it often relates to the assets of the purchase. Providing gardening services may involve a lot of physical work, but once the purchase price for the business has been paid, the ongoing costs can be kept relatively low.
The most important part of the sale of a gardening services business is the equipment that you will be using. It is crucial you inspect, test and understand the way the equipment works, as these are the tools you will be using once you get started. For the larger items of the sale, for example, a ride-on lawn mower, make sure you inspect to confirm that there are no outstanding security interests on the equipment. Security interests are usually lodged with the Personal Property and Securities Register, and if there is still an interest on the property it could mean that the vendor may still have a claim on the equipment they just sold you!
Depending on the state, territory or local government area you live in, you may require a licence to operate your gardening services business. For example, a few local councils require a licence if you are involved with installing garden watering or sprinkler systems. The vendor should be able to outline the licences needed to operate the business and offer the possibility to transfer the licence to your name or outline the procedure to obtain a licence.
If the gardening service business has existing employees or contractors, you may be able to continue using these workers upon discussion with the vendor. This can assist with retaining ongoing clients. An employee contract can either continue or the vendor can terminate their employment and you can subsequently offer them a new offer of employment. Contractors can either provide you with their own Service Agreement or you may wish to provide them with a Contractors Agreement.
A training period is crucial to ensure a smooth transition into the day-to-day running of the business. The vendor may take up the responsibility to provide you with assistance and support for a certain period of time. Here you can learn not only about the range of services that are usually provided, but also outline the techniques used to manage the books and inventory.
The purchase of a gardening services business could help in speeding up your plans to get the gardening services business started. This is because you will already have the equipment on hand and an existing structure to work with. The LegalVision team of contract lawyers can help in reviewing and negotiating your Sale of Business Agreement to ensure you have all bases of the sale covered!