Fully describe the business's activities?
Washing , ironing and dry cleaning of laundry (drop off and collect)
How long has the business been established?
The business is established for more that 10 years
How does the business operate on a daily basis?
Private Clients as well as corporate business drop off Payment is done per kilogram There is a minivan that can drive around and collect the washing Walk in clients as well as long term clients bring their washing for cleaning
How are the clients attracted to the business?
2 of the 3 shops are in busy malls and one is in a complex There are a lot of clients who sees the business on a daily basis The minivan is branded
What Advertising/Marketing is carried out?
The branded minivan Social media Walk in clients
Does the business have any contract work?
No formal contracts but a lot of repeatedly business - guesthouses ect.
What competition exists?
None in the operation areas
What are the seasonal trends?
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
The business is 100% cash
How could the profitability of the business be improved?
More focus on marketing Peruse more fixed contracts More owner involvement can definitely improve business
What is the total staff complement?
There are 4 permanent employers
Give a breakdown of staff/ functions/ length of service?
Very loyal long term staff members
Do any receive special perks or incentives?
Do any have management potential?
The 2 larger laundries of the 3 is run by managers Owner not involved in business
How involved is the Owner in running the business?
Not much, can be improved by new owner
Who is the Owner/Landlord?
Broll - Karenpark Pretor: - Wonderpark
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
What are the main assets of the business?
See attached asset list
Are any items not included in the sale?
No it is all included
What is their overall condition?
All the washing machines are in a good conditions Most machines are Speedqueen, washing machines
Do any require repairing?
Not at the moment
How have they been valued ?
Purchase price - depreciation
Which assets are on lease/HP and with whom?
None all paid cash
Are they presently insured?
Yes they are insured
This is a all cash business Established shopping centers and complex where the laundries are situated Visible with lot of walk in clients All shops are monitored with a computer program / phoneapp - Clean cloud Monitoring which enable you to monitor the personal, keep track as the washing come in an go out All three shops is monitored by CCTV - installed and in working order The Delivery vehicle is included in the sale is fully paid off No outstanding balances
Owner can be more involved Advertising can be improved
It the owner gets more involved the turnover can be improved Seamstress / Taylor opportunity in shops
What is the reason for the sale?
Time constrained for owner not involved enough The owner has other businesses as well Want to focus on the other businesses
Why is this a good business?
Fairly small cash layout for a business with tangible assets and client good will Well established and successful over the years
What is the price plus stock and the net profit?
Selling price R360 000
Annual Turnover Amount between R 500 thousand and R 6 million