Program Pest Management IM 30012023

PROGRAM PEST MANAGEMENT CLEVELAND QLD INFORMATION MEMORANDUM Prepared by John Gabriel, Licensee at Allbiz Dealroom

Welcome to the Business Investment/Partnership Opportunity ‘Information Memorandum’ Program Pest Management, Cleveland Qld  Long standing business operations  Part of a growing and valued service  2022 FY Revenue grew by 109%  Outstanding return on investment potential for new sophisticated partners/investors Important notice to interested parties Allbiz Dealroom and the Licensee have been engaged by the vendor for the preparation, listing and marketing of the business, not as an agent or broker. The role of the Licensee and Allbiz Dealroom is to manage the marketing and promotion of the business, ensure all interested parties sign the confidentiality agreement, abide by all stated requirements and adhere to the sales process. Page 1 of 12

Program Pest Management 43 Enterprise Street, Cleveland QLD 4163 BUSINESS OFFER/INVESTMENT INFORMATION MEMORANDUM THIS DOCUMENT CONTAINS PRIVATE & CONFIDENTIAL INFORMATION RELATING TO: Program Pest Management, Cleveland QLD. This confidential Information Memorandum (\"Memorandum\") has been prepared for Sophisticated Investors/Partners to provide them with a preliminary understanding of the business and to assist the Recipient of the Memorandum (\"Recipient\") in making their own independent appraisal before preparing an indicative non-binding offer. The Memorandum does not purport to be complete or contain all of the information which a prospective purchaser may require. No representation or warranty is made (or will be made in any sale agreement) as to the accuracy, reliability or completeness of any information contained in this Memorandum. The Recipient agrees by receiving this Memorandum that it shall not copy, reproduce or distribute to others this Memorandum, whether in whole or in part, without prior written consent. Further, the Recipient of this Memorandum will keep permanently confidential all information contained herein not already public and will use this Memorandum only for assessing purchase or investment in the business. On request, the Recipient will promptly return all material, including this Memorandum, without retaining copies. All projections in this Memorandum have been prepared for internal use and are for illustrative purposes only. They do not constitute, and should not be regarded as, a representation that the projected results will be achieved or that the underlying assumptions are valid. The projections are subject to uncertainties and contingencies, all of which are difficult to predict and many of which are beyond the control of the business. All currency amounts are expressed in Australian dollars unless otherwise stated. All inquiries concerning this Memorandum or the sale process must be directed to the contact named in this document. Under no circumstances should prospective purchasers contact management or staff of the business. Page 2 of 12

Table of Contents Program Pest Management No. Item Page 1 Business Details 4 2 Ownership 5 3 Premises and Lease 4 Business Income and services 6 5 Team members 6 Business growth opportunities 6 7 Business improvements 7 8 Business financials 9 Customer base 8 10 Marketing 9-12 11 Systems and training 12 Impact of COVID on the business 13 Investment/Capital Requirements 14 Investor/Partner Suitability 15 Customer Service and Reviews 16 Social Media Sites 17 Confidentiality 18 Inquiries 19 Key Points Summary 20 Steps in the Sales process 21 Disclaimer 22 Photographs Page 3 of 12

1. BUSINESS DETAILS AND LOCATION Pests are out in force and so is Program Pest Management at Cleveland QLD. Termites, Cockroaches, Rodents, Fleas, Spiders, Wasps, Ants, Silverfish, Carpet Beetles & Moths, no matter what the Pest problem is Program Pest Management has them covered. Established 10 Years ago the business has grown to become a leading Pest Management Operator. Servicing Residential Houses, Commercial Properties, Schools, Colleges, Hospitals, Nursing Homes & various Real Estate Property Managers, they are at the forefront of Pest Management. Operating from a well appointed headquarters in Cleveland the business is fully accredited and licensed with full insurance. Currently there are 4 Pest Control Technicians operating and Management is planning to expand its operations throughout Queensland with Technicians in Cairns, Townsville, Rockhampton, Mackay, Gold Coast & Hervey Bay. Global Forecasts are predicting the Pest Control Market to grow to almost $30 Billion USD by 2026. HOURS OF OPERATION - Monday - Friday 7am to 5pm; Saturday 7am to 2pm. LOCATION – Cleveland is a suburb of Brisbane and is just a 40 minute drive from the City. 2. BUSINESS OWNERSHIP The present owner set up and has operated the business since 2013. The owner is seeking a sophisticated investor/partner to aide with the expansion of the business throughout Queensland and development of an RTO Training facility. Page 4 of 12

3. PREMISES AND LEASE This business is operated from premises at 43 Enterprise street Cleveland. It is a double story premises and consists of a reception area, multiple office rooms across both stories, Training room, call centre and a very professional Board/Meeting room. Plus 2 toilets and a kitchen. The area of the total premises is approximately 300 m2. A lease is in place and commenced on 1st August 2022 for a term of 4 years plus an option for an additional term of 5 years. Annual rental $52,000 plus GST. 4. BUSINESS INCOME AND SERVICES The business has the following income streams:-  Pest Management  Termite Inspections  Termite Barrier Installations  Commercial operations Please note the Pest Control services offered can only be carried out by qualified Technicians. 5. TEAM MEMBERS The staffing is currently comprised of the owner, Qualified Technicians x 3, Office Manager/Receptionist. 6. BUSINESS GROWTH OPPORTUNITIES Growth opportunities for additional revenue and profit will come from:-  Expanding with Technicians operating throughout Queensland;  Employing extra staff to free up owners time to increase marketing and business management activities;  Increasing marketing activities;  Debt reduction program to free up Cashflow;  Development of future in house Technician Training and becoming a registered RTO to provide leading edge education in the pest management industry;  Using existing database and marketing and building further loyalty with the regular customer base. 7. BUSINESS IMPROVEMENTS AND EQUIPMENT The Business currently has 4 late model Isuzu Utes that are fully fitted out to carry out all Pest Control Services. The office is well appointed with modern equipment. Page 5 of 12

8. BUSINESS FINANCIALS Financial information will be provided upon further interest being shown. Revenue in 2021/22 was $748,200 and net profit with addbacks was over $270,000. This equates to outstanding revenue Growth of 109% from 2021. Revenue for 2022/23 is continuing to grow strongly. With the assistance of a sophisticated investor/partner at the asking buy in/investment price (see section 13), 2023/2024 Revenue is forecast to grow to over $2,700,000. This financial information will be available when requested. 9. CUSTOMER BASE  Local residents;  All types of Commercial Property owners;  Real Estate Property Managers. 10. MARKETING Only a small amount of marketing is conducted as the business grows organically easily with little effort or focus. Marketing currently carried out includes:-  Website;  Facebook and Instagram pages;  Referrals and word of mouth; Repeat business is very solid. Owner has developed a future Marketing Plan to drive expansion throughout Queensland. 11. SYSTEMS AND TRAINING The business has a high level of systems and procedures in place. Verizon is the cloud front office system, point of sale, including stock control & database. This is a cloud- based program. 12. IMPACT OF COVID ON THE BUSINESS COVID-19 has had little effect on the business. 13. CAPITAL REQUIREMENTS AND INVESTMENT SOUGHT The present owner has had the business since 2013. He has dedicated a large part of his life to developing this business to this stage. Unfortunately, a range of factors has left him without the required capital to drive his business expansion plans forward so this has created an amazing opportuning for a sophisticated investor/partner to join the current owner and reap the rewards of doing so. The owner is seeking an investment of $500,000 for which he is offering a 25% Equity Stake in the Business. Based on the Projected Cashflow of the Business for 2023/2024 a return on Investment of 36% to Investor is expected. The $500,000 Investment will be allocated to drive the business forward as follows: $200,000 Debt Reduction Page 6 of 12

$190,000 Engaging New Technicians & Sales BDM to expand into other areas $60,000 Establishment of a Registered Training Organisation (RTO) $50,000 Marketing plan to drive forward growth in establishing new areas Note: Detailed financial information on forecasts and Capital Expenditure will be provided to interested parties. 14. INVESTOR/PARTNER SUITABILITY This business opportunity would suit any sophisticated Investor/partner wanting to get involved with a growing business, help drive it forward further and earn a good return on investment. The current owner is willing to consider both silent and working partners. 15. CUSTOMER SERVICE AND REVIEWS Facebook rating is 5.0 stars. The business has a good amount of advance bookings. 16. SOCIAL MEDIA SITES Further details on the business and operations are available at: - Website - https://programpest.com.au/ Facebook page – https://facebook.com/programpest 17. CONFIDENTIALITY All information supplied must be kept confidential, and those requesting further information will be required to sign the confidentiality disclaimer below. You should assess the suitability of any purchase in light of your own needs and circumstances and seek independent financial and legal advice if needed. This offer is being made to Sophisticated Investors only. 18. INQUIRIES For further genuine inquiries about this business opportunity and to obtain the business's detailed financial information, please get in touch with John Gabriel on 0407 022 256 or email [email protected] . Page 7 of 12

19. KEY POINTS/SUMMARY  Well-established and secure business  Various income sources  Excellent revenue growth  Secure premises and lease  Good-quality fit-out and equipment  Excellent reputation and reviews  Large and expanding services and target market  Outstanding opportunity for further growth.  Strong projected returns 20. STEPS IN THE SALES PROCESS Further detailed information and access to the business and its management team will only be provided to Sophisticated Investors/partners who establish a strong and genuine interest in proceeding with an investment of this size and nature. To that end, we anticipate that the process will involve:  Review this document;  Seek further documents as listed in the IM;  Ask additional questions and conduct due diligence;  Arrange to visit the business premises and/or speak to the present owners;  Final investigations;  Submission of a written offer;  Deposit of 10% of the agreed price to be held by the seller's agent/solicitor;  Signing of a contract and/or agreement;  Settlement. 21. DISCLAIMER Allbiz Dealroom, the Licensee and the Proprietors have prepared this report for the information of potential sophisticated investors/partners to assist them in deciding if they are sufficiently interested in the proposal to proceed with further investigation. The information has been prepared in good faith and with due care. However, Allbiz Dealroom, the Licensee and the Proprietors assume no liability for negligence for the material contained in the report. All information contained in this document has been prepared based on information provided by the Proprietor of the Business, the Licensee and Allbiz Dealroom have not conducted any audits of the supplied information and as such do not provide any assurance as to its accuracy. The Licensee and Allbiz Dealroom strongly advise any prospective investor/partner to conduct their own investigations and obtain advice from their own legal and financial advisers before making any investment decisions. Future Projections are estimates and can vary, the Licensee and Allbiz Dealroom accept no responsibility for the accuracy of any information contained in this document. This offer has been prepared for and the Proprietor is seeking investment from Sophisticated Investors only as defined under the Corporations Act. Interested persons are advised to conduct their own research and due diligence, plus seek their own independent business, legal and financial advice on any aspect. Page 8 of 12

The report is provided to the Recipient on a confidential basis and is not to be supplied to any other person without the Proprietor's written consent. Further information will only be supplied if financial purchase requirements can be met. 22. PHOTOGRAPHS Page 9 of 12

Page 10 of 12

Page 11 of 12

Inquiries are welcome Contact John Gabriel Phone 0407 022 256 or email [email protected] Page 12 of 12