Sectors / Category

Annual turnover

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  • Mandate: 33006
  • Added: 25 Apr 2019
  • AFS
  • 606

Laundromat network with 3 branches in Pretoria

Gauteng, Pretoria
606
Mandate 33006
Added 25 Apr 2019
R 363,000* ZAR
Stock: R 0
Assets: R 256,138
R 7,314 ZAR
Jacqui Erasmus
Aldes Focus
Gauteng
Summary

Laundromat

Laundromat network with 3 branches in Pretoria
SELLING PRICE AFS
R 363,000* ZAR
Stock: R0
Assets: R256,138
R 7,314 ZAR
Summary

Laundromat

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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?
None

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Yes

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?
No

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?
On request

Do you require a licence?
No

What lease deposit and/or other surety is required?
None

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

Strengths?
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

Weaknesses?
Owner can be more involved Advertising can be improved

Opportunities?
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 R363 000

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FRANCHISE DETAILS

Aldes Focus

5 members
33 active mandates
Gauteng
Menlyn Woods Office Park Office Block C 291 Sprite Street Faerie Glen
0081

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