Sectors / Category

Annual turnover

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  • Mandate: 33101
  • Added: 03 Jun 2019
  • AFS
  • 757

Brand-new Laundry in Somerset West

Western Cape, Helderberg & Winelands
757
Mandate 33101
Added 03 Jun 2019
R 343,000* ZAR
Stock: R 4,000
Assets: R 270,965
R 8,484 ZAR
Hugo Tallie
(PRINCIPAL)
Aldes Winelands
Western Cape, Paarl
Western Cape, Paarl
Summary

This Manager run Laundry ,located in Somerset West, open it's door more or less a year ago and is still growing month on month by 78%.

Brand-new Laundry in Somerset West
SELLING PRICE AFS
R 343,000* ZAR
Stock: R4,000
Assets: R270,965
R 8,484 ZAR
Summary

This Manager run Laundry ,located in Somerset West, open it's door more or less a year ago and is still growing month on month by 78%.

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Fully describe the business's activities?
Laundry services , specialising in washing,ironing and dry cleaning

How long has the business been established?
The business has been established 16 months ago

How long has the owner had the business?
Since inception

How does the business operate on a daily basis?
Run by Manager , the customers are serviced as they come into the shop

How are the clients attracted to the business?
Various ways of marketing, situated at a very busy and popular shopping mall with multiple air BnB's and Guest houses in the surrounding area

What Advertising/Marketing is carried out?
Branding outside shop, Flyer handouts ,personal visits to Guest houses and other businesses.

Does the business have any contract work?
No

What competition exists?
The only Laundry Shop in the Shopping Mall

What are the seasonal trends?
Difficult to determine because the Turnover increase every month since the business started , but Holiday Seasons are more busy than the rest of the year

Is the business VAT Registered?
No , the business is NOT VAT Registered

How could the profitability of the business be improved?
This is a new business venture and more marketing could increase the Turnover and Profit.

Is Seller finance available and for what amount?
No

What is the total staff complement?
2 Permanent Staff Members

Are they on contract?
Yes

Do any have management potential?
Yes , the Current Manager runs the business

How involved is the Owner in running the business?
The Owner is only Part-time involved in the Business , the manager does most of the work

When does the current lease end?
January 2021

Is there an option of renewal & what period?
Yes , but the period is not yet negotiated

What is the annual escalation %?
8%

What are the trading hours?
Monday - Fridays from 7H00 till 17H00 Saturday from 8H00 till 13H00

What is the square meters of the business?
49,5 square meters

Is a copy of the lease available?
Yes

Do you require a licence?
No, just registration at the Council

What lease deposit and/or other surety is required?
Lease deposit of R 22 455,37 is required

What are the main assets of the business?
Washing machines, Dryers, Iron Roller, Tube wrapper, point of sale,Computer, Camera's and shopfront

Are any items not included in the sale?
No, everything in shop is included

What is their overall condition?
good

Do any require repairing?
No

How have they been valued ?
At Owners valuation - New replacement value

Strengths?
Location , upper market Clients

Weaknesses?
Owner's not involved as much as they should be

Opportunities?
Estates surrounding the business with many potential clients - ADVERTISING

Threats?
The normal threats associated with this kind of business

What is the reason for the sale?
The Owner are permanently employed elsewhere

Why is this a good business?
The business is profitable and still growing .The location is excellent with wealthy customers that's willing to pay for convenience. Many developments in surrounding area

What is the price plus stock and the net profit?
The Price for the Business as going concern is R 475 000 with a current annual Net Profit of more than R 100 000 and still growing

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FRANCHISE DETAILS

Aldes Winelands

2 members
12 active mandates
Western Cape , Paarl
14 Auret Street Paarl Western Cape 7646
Paarl
7357

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