Sectors / Category

Annual turnover

|
  • Mandate: 31892
  • Added: 23 Feb 2018
  • AFS
  • 1000

Dry Cleaning, Laundry, Shoe Repairs, Tailoring and Carpet Cleaning

Gauteng, Johannesburg
1000
Mandate 31892
Added 23 Feb 2018
R 295,000* ZAR
Stock: R 15,000
Assets: R 297,000
R 13,506 ZAR
Anna-Marie Bothe
Aldes Novare
Gauteng
Summary

The business has been in operation for 6 years and is situated in a shopping mall. Many repeat clients with very steady monthly turnover and good profits. Manager run and owner only spend an hour per day to do the cash up.

Dry Cleaning, Laundry, Shoe Repairs, Tailoring and Carpet Cleaning
SELLING PRICE AFS
R 295,000* ZAR
Stock: R15,000
Assets: R297,000
R 13,506 ZAR
Summary

The business has been in operation for 6 years and is situated in a shopping mall. Many repeat clients with very steady monthly turnover and good profits. Manager run and owner only spend an hour per day to do the cash up.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
The business is located in a popular shopping center in an affluent area. They offer dry cleaning, laundry, shoe repairs and tailoring.

How long has the business been established?
6 years

How long has the owner had the business?
16 months

How does the business operate on a daily basis?
The manager opens and closes. Clients bring in laundry, dry cleaning, shoes for repairing and tailoring.

How are the clients attracted to the business?
Well known in the area with repeat clients. Sign board in popular mall.

What Advertising/Marketing is carried out?
none

Does the business have any contract work?
some restaurants bring in their table cloths and overalls.

What competition exists?
Another dry cleaner about 10km away.

What are the seasonal trends?
very stable turnover throughout the year.

Is the business VAT Registered?
No

What VAT documentation is on file?
n/a

Are there up-to-date Management Accounts available?
Management accounts for the year ended June 2018 are on file.

What Balance Sheet and Income Statements are available?
no

What percentage of the business is cash/credit?
40% swipe and 60% cash

What is the age analysis of the debtors book?
cash business

How could the profitability of the business be improved?
offer key cutting

Is Seller finance available and for what amount?
Seller wishes to get his purchase price as he is emigrating.

What is the total staff complement?
2 staff members

Give a breakdown of staff/ functions/ length of service?
1 staff member does alterations and other duties and receive R3,300 per month 1 staff member does laundry and other duties, open and close the shop.

Do any receive special perks or incentives?
Xmas bonus @ R500 as per discretion of the seller.

Are they on contract?
no formal contracts are signed.

Do any have management potential?
Yes

How involved is the Owner in running the business?
The owner comes in for an hour per day to do the cash up.

When does the current lease end?
Novemberr 2021

Is there an option of renewal & what period?
5 years with an option to renew

What is the annual escalation %?
8%

What are the trading hours?
Monday to Friday 7am to 6pm Saturdays 8am to 5pm Closed on Sundays

What is the square meters of the business?
73m2

Who is the Owner/Landlord?
to be discussed

Is a copy of the lease available?
Yes, to qualified buyers during due diligence

Do you require a licence?
No.

What lease deposit and/or other surety is required?
2 to 3 months base rental to be negotiated with the landlord.

What are the main assets of the business?
Speed Queen washers and dryers, tailoring equipment, shoe repair equipment, railings, cupboards and counter.

Are any items not included in the sale?
All assets are included as listed on the Asset List.

What is their overall condition?
The assets are in good condition.

Do any require repairing?
Regular repairs are being carried out by the owner.

How have they been valued ?
2nd hand replacement values as per the seller

Which assets are on lease/HP and with whom?
All assets are unencumbered.

What are their settlement amounts?
n/a

Will Seller settle or Buyer to take over?
n/a

Are copies of agreements available?
n/a

Are they presently insured?
to be discussed

Strengths?
Easy to manage with little owner involvement. Steady monthly income.

Weaknesses?
A hands on owner could improve profitability

Opportunities?
Do key cutting

Threats?
No real threats are identified

What is the reason for the sale?
The owner wishes to emigrate.

Why is this a good business?
Well established, located in popular center, long standing clients and steady monthly turnover throughout the year.

What is the price plus stock and the net profit?
R280,000, stock R15,000, average net profit of R13,000 per month.

Other listings by Anna-Marie
R 3.35MZAR
Added : 19 Jul 2018 462
Yearly profit : R1,713,866
Gauteng
R 380KZAR
Added : 19 Jul 2018 289
Yearly profit : R81,502
Gauteng
R 1.30MZAR
Added : 23 Feb 2018 721
Yearly profit : R630,449
Gauteng
FRANCHISE DETAILS

Aldes Novare

4 members
24 active mandates
Gauteng
91 Bellairs Manor, 120 Bellairs Drive
2162

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.31MZAR
Added : 17 Oct 2018 0
Yearly profit : R517,200
Gauteng
R 1.54MZAR
Franchise
Added : 16 Oct 2018 19
Yearly profit : R397,429
Gauteng
R 2.00MZAR
Franchise
Added : 11 Oct 2018 122
Yearly profit : R1,071,535
Gauteng
R 2.00MZAR
Franchise
Added : 4 Oct 2018 105
Yearly profit : R-22,597
Gauteng
R 935KZAR
Franchise
Added : 2 Oct 2018 129
Yearly profit : R34,593
Gauteng
R 450KZAR
Added : 1 Oct 2018 86
Yearly profit : R212,000
Gauteng
R 1.60MZAR
Added : 27 Sep 2018 269
Yearly profit : R945,485
Gauteng
R 650KZAR
Franchise
Added : 24 Sep 2018 261
Yearly profit : R23,308
Gauteng