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?
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?
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?
What is the total staff complement?
2 Permanent Staff Members
Are they on contract?
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?
Is there an option of renewal & what period?
Yes , but the period is not yet negotiated
What is the annual escalation %?
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?
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?
Do any require repairing?
How have they been valued ?
At Owners valuation - New replacement value
Location , upper market Clients
Owner's not involved as much as they should be
Estates surrounding the business with many potential clients - ADVERTISING
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
Annual Turnover Amount between R 500 thousand and R 6 million