Sectors / Category

Annual turnover

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  • Mandate: 31481
  • Added: 13 Oct 2017
  • 1255

Dry Cleaner, Laundry and Tailor

Gauteng, Pretoria
1255
Mandate 31481
Added 13 Oct 2017
R 700,000* ZAR
Stock: R 0
Assets: R 833,000
R 24,639 ZAR
Gregory Grose
(PRINCIPAL)
Aldes Masters
Gauteng, Boksburg
Gauteng, Boksburg
Summary

Family business for 40 years. Situated in Pretoria. Owner retiring

Dry Cleaner, Laundry and Tailor
SELLING PRICE
R 700,000* ZAR
Stock: R0
Assets: R833,000
R 24,639 ZAR
Summary

Family business for 40 years. Situated in Pretoria. Owner retiring

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please supply us with your details below

Fully describe the business's activities?
This is a dry cleaner. They also do laundry and tailoring and shoe repairs

How long has the business been established?
The business was established in 1965

How long has the owner had the business?
The owner esatblished the business in 1965

How does the business operate on a daily basis?
They receive goods from clients and perform the functions of the business as mentioned

How are the clients attracted to the business?
This is a long standing business with many loyal clients. Passing clients.

What Advertising/Marketing is carried out?
Other than store signage n advertising or marketing is carried out by the business

Does the business have any contract work?
No

What competition exists?
The competition is not close by.

What are the seasonal trends?
December is quieter.

Is the business VAT Registered?
The busines is not vat registered

What Balance Sheet and Income Statements are available?
AFS 2017

What percentage of the business is cash/credit?
100% ash and Credit Card

How could the profitability of the business be improved?
More marketing and clients

Is Seller finance available and for what amount?
No

What is the total staff complement?
Owner plus 5 staff

Are they on contract?
Yes

How involved is the Owner in running the business?
100%

When does the current lease end?
Currently month to month

What is the annual escalation %?
10%

What are the trading hours?
monday to Friday 7:00-17:30 Sat 07:00-12:00

Do you require a licence?
NO

What is their overall condition?
Working condition

Do any require repairing?
No

How have they been valued ?
Owner estimate

Which assets are on lease/HP and with whom?
No

Will Seller settle or Buyer to take over?
As per asset list which is available

Are they presently insured?
Yes

Strengths?
Very well known is this area. Service and location

Weaknesses?
None perceived

Opportunities?
More advertissing and marketing

Threats?
None perceived

What is the reason for the sale?
Owner retiring

Why is this a good business?
Dry cleaning laundry and shoe repairs are necessary services

What is the price plus stock and the net profit?
See mandated details

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FRANCHISE DETAILS

Aldes Masters

2 members
15 active mandates
Gauteng , Boksburg
167 Heidelberg Road Boksburg
Boksburg
1459

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