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Annual turnover

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  • Mandate: 31457
  • Added: 02 Oct 2017
  • 943

Dry Cleaner in Suburban Shopping Centre

Gauteng, Pretoria
943
Mandate 31457
Added 02 Oct 2017
R 1,200,000* ZAR
Stock: R 17,500
Assets: R 474,000
R 47,859 ZAR
Frank Schrempel
(PRINCIPAL)
Aldes Orion
Gauteng, LynnwodRidge Pretoria
Gauteng, LynnwodRidge Pretoria
Summary

Dry cleaner with laundry, alteration and shoe repairs. Included are two depots as part of the business.

Dry Cleaner in Suburban Shopping Centre
SELLING PRICE
R 1,200,000* ZAR
Stock: R17,500
Assets: R474,000
R 47,859 ZAR
Summary

Dry cleaner with laundry, alteration and shoe repairs. Included are two depots as part of the business.

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Fully describe the business's activities?
Dry cleaning, laundry, alterations, shoe repairs. The business includes two depots however there is no lease for the one.

How long has the business been established?
25 Years plus

How long has the owner had the business?
20 Years

How does the business operate on a daily basis?
The business is owner run buy the seller and his wife

How are the clients attracted to the business?
Only through word of mouth

What Advertising/Marketing is carried out?
None

Does the business have any contract work?
There two own depots and then also used by a bunch of other depots

What competition exists?
There are various competitors as in normal in the industry

What are the seasonal trends?
Busier in winter

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Yes

Are there up-to-date Management Accounts available?
Seller will have current ones drawn up

What Balance Sheet and Income Statements are available?
2016 is available and 2017 is in process

What percentage of the business is cash/credit?
Card 60% Cash 40%

What is the age analysis of the debtors book?
Some of the depots and these are current with 30 days

How could the profitability of the business be improved?
Additional depots and more laundry work

Is Seller finance available and for what amount?
No

What is the total staff complement?
Eight

Give a breakdown of staff/ functions/ length of service?
2 x Press 1(2) on Tailoring 1 x General does everything

Do any receive special perks or incentives?
Only salaries

Are they on contract?
Yes they have employment contracts

Do any have management potential?
One of the staff members knows how everything is doen

How involved is the Owner in running the business?
Full time, Wife opens in the morning and the husband collects from depot on way in, Husband closes in afternoon and wife drops off at depots on way home

When does the current lease end?
Feb 2018

Is there an option of renewal & what period?
Yes, normally for three years

What is the annual escalation %?
8%

What are the trading hours?
Mon-Fri 06:00-18:00 (However that is by seller choice) Sat 06:00-13:00

What is the square meters of the business?
120m²

Is a copy of the lease available?
Yes

Do you require a licence?
No

What are the main assets of the business?
As per the asset list

Are any items not included in the sale?
No

What is their overall condition?
Serviceable

Do any require repairing?
Ongoing repairs and maintenance is performed

How have they been valued ?
Owner valuation

Which assets are on lease/HP and with whom?
None

Are they presently insured?
Yes

Strengths?
Very well established and known, well trained and knowledgeable staff, excellent small shopping centre

Weaknesses?
None identified

Opportunities?
Can double capacity on the existing machinery

Threats?
None identified

What is the reason for the sale?
Retirement

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FRANCHISE DETAILS

Aldes Orion

2 members
14 active mandates
Gauteng , LynnwodRidge Pretoria
108 Lynburn Rd, Lynnwood Manor
LynnwodRidge Pretoria
0081

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